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RETIREMENT PLANNING JUN 22, 2009
Obama announces $80B deal with drug companies

Drug companies have pledged to spend $80 billion over the next decade to help reduce the cost of drugs for seniors and pay for a portion of Obama's health care legislation.

By Bloomberg
INDUSTRY NEWS JUN 22, 2009
M&A among insurers will heat up this year, study says

Mergers and acquisitions will heat up this year as insurers sell operations to bolster capital and strategic buyers look for expansion opportunities, according to a new study from Deloitte LLP.

By Darla Mercado
RETIREMENT PLANNING JUN 22, 2009
Lawmakers plan push to reform 401(k) plans

A pair of key lawmakers are expected to introduce a bill on retirement reform later this week that could have substantial implications for investment advisers, 401(k) service providers and the majority of employer-sponsored retirement plans.

By Mark Bruno
LIFE INSURANCE AND ANNUITIES JUN 22, 2009
Aviva sells Australian life insurance unit to National Australia Bank

Aviva PLC yesterday sold its Australian life insurance and wealth management businesses to National Australia Bank of Melbourne.

By Bloomberg
IRA ALERT JUN 21, 2009
IRS shoots down new Roth IRA ploy

When Roth individual retirement accounts were created, it was inevitable that some taxpayers would attempt to exploit their advantageous provisions.

By Ed Slott
FIXED INCOME JUN 21, 2009
Bond market's rally warrants skepticism

Investors have responded enthusiastically in recent months to government stimulus plans and signs of renewed economic activity, triggering a resounding risk rally.

By G. David MacEwen
REGULATION AND LEGISLATION JUN 21, 2009
Directors' role at center of "say on pay' debate

The long-running debate over “say on pay” is heating up in Washington, with a group representing executives saying that the proposal undermines the role of directors while an investors' group counters that it makes boards more accountable to shareholders.

By Bloomberg
LIFE INSURANCE AND ANNUITIES JUN 21, 2009
Investing money saved on term life might not be slam-dunk once thought

Some financial advisers are rethinking the idea of: Buy term insurance and invest the difference.

By Darla Mercado
REGULATION AND LEGISLATION JUN 21, 2009
PIABA asks SEC to make industry arbitrators optional

The Public Investors Arbitration Bar Association, a trade group for attorneys who represent investors in securities arbitrations, has formally asked the Securities and Exchange Commission to end the mandatory use of industry arbitrators.

By Dan Jamieson
RIAS JUN 21, 2009
Regulatory reforms are positive moves for investors

The Obama administration has put forward an excellent blueprint for regulatory reform. Much of what the administration has proposed will increase transparency, reduce the risk of another financial meltdown and

By MFXFeeder
LIFE INSURANCE AND ANNUITIES JUN 21, 2009
LTC on the back burner under Obama health plan

By Darla Mercado
REGULATION AND LEGISLATION JUN 21, 2009
After settlement, firm eyes widow of rogue adviser

A financial planning firm has settled all but one claim related to an embezzlement scheme conducted by a rogue adviser over an eight-year period ending in March 2008.

By Jeff Benjamin
LIFE INSURANCE AND ANNUITIES JUN 21, 2009
Not such a bad gig

“I don't give a damn 'bout my bad reputation!” rock 'n' roll icon Joan Jett sang in 1981.

By Bruce Kelly
INDUSTRY NEWS JUN 21, 2009
OppenheimerFunds' tentative deal seen as plus for 529 plans

By Charles Paikert
RETIREMENT PLANNING JUN 21, 2009
White House leaves advisers up in the air

If you are a commercial banker, savings and loan operator, mortgage broker or hedge fund artist, there is a lot to concern you in the regulatory-reform proposal outlined by the Obama administration last week.

By Jed Horowitz And Sara Hansard
REGULATION AND LEGISLATION JUN 21, 2009
Plan on fiduciary standard wins praise

Investment advisers and consumer advocates have applauded President Obama's proposal to establish a fiduciary duty for broker-dealers offering investment advice.

By Sara Hansard
INDUSTRY NEWS JUN 19, 2009
Oil rises to near $72 as investors eye inflation

Analysts worry that government stimulus spending, especially in the U.S., and rising commodity prices could push prices higher by the end of the year.

By Bloomberg
FINTECH JUN 19, 2009
TraderPlanet.com undergoes redesign

TraderPlanet.com has redesigned its website to improve ease of use and navigation for users who want to keep their trading skills sharp.

By Davis Janowski
REGULATION AND LEGISLATION JUN 19, 2009
SEC chief talks about new financial regulations

Making it easier for shareholders to seat directors on company boards, restricting short-selling in down markets, strengthening oversight of mutual funds, and tightening scrutiny and standards for investment advisers are among the pro-investor initiatives being undertaken by the SEC's , the agency's chairman said Thursday.

By Bloomberg
REGULATION AND LEGISLATION JUN 19, 2009
NAIC praises Obama’s regulatory plan but has suggestions of its own

Therese M. Vaughan, chief executive of the National Association of Insurance Commissioners, recently praised President Obama’s regulatory proposals but added that state regulators still have improvements planned for their oversight.

By Bloomberg