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LIFE INSURANCE AND ANNUITIES DEC 14, 2007
LIMRA and LOMA, together at last

The insurance trade groups will join under the umbrella of LL Global but each will keep its name.

By Bloomberg
RIAS DEC 14, 2007
Fundquest and RIA launch platform

The wealth-management firm will launch an open-architecture platform with O.N. Investment Management Co.

By Bloomberg
INDUSTRY NEWS DEC 14, 2007
B-D exec bought 'bogus' shares from May

Jason Kavanaugh, who purchased the shares, is an executive with Questar Capital Corp.

By Bloomberg
LIFE INSURANCE AND ANNUITIES DEC 13, 2007
Toran to retire as COO of Penn Mutual

A 37-year veteran of the life insurance industry, Daniel J. Toran, 59, spent 12 years with the Horsham, Pa.-based company.

By Bloomberg
LIFE INSURANCE AND ANNUITIES DEC 13, 2007
The Hartford to buy record-keeper

The Hartford announced today that it is purchasing Boston-based Sun Life Retirement Services Inc.

By Bloomberg
RETIREMENT PLANNING DEC 13, 2007
401(k) disclosure bill introduced in Senate

“This bill will shed light on the 401(k) selection process and give Americans more control over their retirement future,” Sen. Tom Harkin said.

By Bloomberg
INDUSTRY NEWS DEC 13, 2007
Wholesale prices spike 3.2% in November

The producer price index increased 3.2% in November, as energy prices hit a record high according to a Department of Labor report.

By Bloomberg
REGULATION AND LEGISLATION DEC 13, 2007
Bush threatens veto of tax bill

The House approved legislation that would shield millions from the AMT by raising taxes on hedge fund managers.

By Bloomberg
RIAS DEC 13, 2007
ICAS bonds with Biondo Investment

Investors Capital Advisory Services, the registered investment adviser of Investors Capital Holdings, has formed a strategic partnership with Biondo Investment Advisors, an institutional money manager.

By Bloomberg
INDUSTRY NEWS DEC 13, 2007
Federal budget 'unsustainable' says CBO

The United States is operating on an unsustainable federal budget that is bound to seriously damage the economy, the Congressional Budget Office said.

By Bloomberg
TAX DEC 13, 2007
H&R Block to take $74.8 million charge

H&R Block will record $74.8 million in restructuring charges related to shutting down its Option One Mortgage division.

By Bloomberg
INDUSTRY NEWS DEC 13, 2007
Fidelity launches college philanthopy program

The Fidelity Charitable Gift Fund will launch a program with Campus Compact to educate and inspire young people to get involved in philanthropy.

By Bloomberg
REGULATION AND LEGISLATION DEC 12, 2007
Cox gives companies SOX reprieve

The SEC wants to give smaller companies more time to comply with section 404, Chairman Christopher Cox said this morning.

By Bloomberg
REGULATION AND LEGISLATION DEC 12, 2007
Arbitration bill to cover securities contracts

Legislation "is intended to cover disputes between investors and securities brokers,” Sen. Feingold said.

By Bloomberg
FINTECH DEC 12, 2007
The Hartford buys tech firm

The Hartford announced plans today to acquire TopNoggin, a technology firm based in Powell, Ohio.

By Bloomberg
RIAS DEC 12, 2007
Fidelity to benefit breakaway brokers

Under the program, RIAs working with Fidelity will have access to affordable medical, dental and vision insurance.

By Bloomberg
RETIREMENT PLANNING DEC 11, 2007
IRAs outshine defined contribution plans

Assets in individual retirement accounts grew 16.5% in 2006 to a record $4.23 trillion, according to EBRI.

By Bloomberg
LIFE INSURANCE AND ANNUITIES DEC 11, 2007
LIFE Foundation names new leader

The Life and Health Insurance Foundation for Education yesterday chose Marvin H. Feldman as the group’s president and CEO.

By Bloomberg
LIFE INSURANCE AND ANNUITIES DEC 11, 2007
Metlife opens deferred-income annuity sale

MetLife will now distribute its retail-deferred income annuity through the carrier’s independent distribution arm.

By Bloomberg
TAX DEC 11, 2007
H&R Block to post $500 million loss

The tax preparer's second quarter saw the shuttering of its troubled Option One Mortgage business.

By Bloomberg