Market turmoil and rising interest rates might kick off a new season for the fixed annuity as the product emerges from the shadow of its variable cousin, an industry expert said.
Optimism characterizes management's thinking at the Natixis Vaughn Nelson Small Cap Value Fund (NEFJX).
Despite criticism by some in the financial services industry, the Securities and Exchange Commission's proposals for reforming the credit rating agencies deserve a grade of B+.
Embedding annuities into target date funds might be the key to offering annuities as an investment option in 401(k) plans.
It isn't just about taxes this time.
Charitable giving in the United States reached a record $306.4 billion in 2007, the Giving USA Foundation reported.
Pyramis Global Advisors announced yesterday that Kevin C. Uebelein has been named president and chief executive.
New York Life Insurance Co. has tapped Jon Stenberg to join the company as a senior vice president in the individual-life department.
Ratings firm Moody's Investors Service has slashed the ratings of guarantors MBIA Inc. and Ambac Financial Group Inc., both of New York.
Mark J. Schlafly will lead two broker-dealers, FSC Securities Corp. and Advantage Capital Corp., both of Atlanta.
A former UBS AG banker testified against the firm yesterday, claiming it participated in schemes to help hide $20 billion in assets and avoid income tax laws.
Findings from The Conference Board Inc.'s index of leading indicators show that an economic rebound may be on the horizon.
The policy, the Lifetime FlexPlus II, features premiums that are 3% to 5% lower than those of the original version.
Bellatore Financial of San Jose, Calif. will purchase $540 million in assets from Nationwide Investment Advisors
Pennsylvania Life Insurance has agreed to a $925,000 settlement following allegations of unsuitable annuity sales in Wisconsin.
The New York-based firm suffered a 61% second-quarter drop in profit but still beat analysts' expectations.
The Lance Group specializes in school boards and municipalities and handles benefit plan analysis as well as design.
The producer price index, which tracks the inflation rate for wholesalers, increased 1.4% in May.
Martin J. Sullivan, CEO of American International Group, has been ousted from the New York-based insurer.
Two of the brokerage industry's most prominent wealth managers have dumped their wirehouse broker-dealers, instead opting to become independent registered investment advisers, with more well-known advisers perhaps soon to take the same path.
