The economic contraction will be ``a mild one based upon housing and its ultimate handoff ... to the consumer.''
The products give “windows of opportunity” to withdraw from the policy without incurring surrender charges.
That’s a 15.3% gain from the same period last year, when net assets for variable annuities were $1.3 trillion.
The Government Accountability Office declined to comment on the reliability of the new report due to its “serious material weaknesses."
Amidst one of the worst quarters to befall Wall Street in years, Goldman Sachs reported record earnings.
Ground breakings for new U.S. homes decreased in November, while the number of issued building permits slid to its lowest levels in nearly 15 years.
Defined contribution plan administrators may be fined $1,000 a day if they fail to disclose documents to participants.
Aon's Combined Insurance will be sold to ACE for $2.4 billion and Munich Re is buying its Sterling unit for $352 million.
Despite the credit crisis, the job market at large financial advisory firms is expected to be strong in 2008, according to a recent Claymore Partners LLC survey.
We have a few items we would like to request from Santa Claus for Christmas — not this Christmas, mind you — we would be happy to receive them by Christmas 2008.
Elder-law attorneys are concerned that the new year will bring new rules in a number of states regarding how — and if — immediate annuities can work with Medicaid eligibility and planning.
The mind-set of clients presents a significant stumbling block to advisers who recommend annuities as a retirement-planning tool.
Jason Kavanaugh, who purchased the shares, is an executive with Questar Capital Corp.
The November rise marks the largest monthly increase in two years, according to a Department of Labor report.
The wealth-management firm will launch an open-architecture platform with O.N. Investment Management Co.
The insurance trade groups will join under the umbrella of LL Global but each will keep its name.
The Hartford announced today that it is purchasing Boston-based Sun Life Retirement Services Inc.
A 37-year veteran of the life insurance industry, Daniel J. Toran, 59, spent 12 years with the Horsham, Pa.-based company.
