The life settlements industry felt some of the ill effects of the economic crisis last year, as purchasers of settlements ran into difficulties financing new premiums and policyholders showed more interest in selling their coverage, according to a report from Conning Research.
The Court of Appeals for the District of Columbia Circuit today ordered the Securities and Exchange Commission to reconsider a rule that treats most equity index annuities as securities.
If you had a good mix of stocks and bonds in your retirement account and you left it alone through the market madness of the past year, more than likely you're in good shape now.
Excluding auto sales, retail demand rose 0.2%, half of the expected 0.4% rise.
Money managers are fighting legislation that would — for the first time — subject the roughly 4,000 firms associated with broker-dealers to regulation by the Financial Industry Regulatory Authority.
Investors are growing more upbeat about the economy following an increase in retail sales and as a weaker dollar sends commodity prices higher.
Branch Managers have quotas to hit: Are they being honest with you about why it is so important for you to join before year-end?
Fixed-income investors focused on the direction of interest rates run the risk of making big mistakes, warns portfolio manager John Fox, co-head of fixed income at Gannett Welsh & Kotler LLC.
National Planning Corp. Inc. is scooping up the reps and assets of Main Street Securities LLC, which is closing down its broker-dealer operations to join NPC.
Nicolas Cage is being sued by his former business manager, who claims lavish spending, not his advice, is to blame for the actor's financial problems.
The latest quarter was an enormous relief for many major money managers, which reported gains in assets under management for the three-month period ended in September, though several still saw declines from a year earlier.
Although the Federal Reserve Board remains confident that inflation will remain low, those drafting the health reform legislation in the House of Representatives appear to be betting that it will accelerate in the next few years.
The Securities and Exchange Commission would be required to issue rules prohibiting or limiting mandatory-arbitration clauses in securities contracts under draft legislation introduced last week by Senate Banking Committee Chairman Christopher Dodd, D-Conn.
New York Life Insurance Co. has revamped its sales team to make it easier for its wholesalers to sell an array of products to financial advisers — including annuities, mutual funds and guaranteed-income products.
Company says legal tab in 2009 equaled 12% of revenue; crashed bond funds to blame
Investors pushed back into the stock market a day after a slide as earnings reports boosted confidence about the pace of a recovery in the economy.
While women take the lead role in households in preparing children for college academically, many still leave the financial planning process in the hands of their spouses, according to a survey released this week by OppenheimerFunds Inc.
Woodmen of the World wants U.S. Bank to pay nearly $30 million for investing some of the insurer's assets in risky mortgage-backed securities that plummeted in value instead of the conservative investments the bank promised.
