Providers will push forward with the development of the income guarantee paired with a unified managed account, and with other vehicles, despite hurdles.
Legislation aimed at improving disclosure of 401(k) fee information was introduced in the Senate yesterday.
After posting another massive loss today, the Swiss bank UBS AG said it will reorganize its wealth management businesses.
Advisers are admitting now more than ever before that insurers’ solvency and financial strength are at the forefront in their minds when they recommend products.
Seeking to wrest market share from the asset management industry, life insurance executives will embark on a campaign of simplified consumer communications and stress real-life contexts for the use of their products.
Securities litigation in the wake of the Bernard Madoff scandal could snag a whole host of investors who might have to give up whatever gains they received over the past six years, according to legal experts.
SEC director of enforcement Linda Thomsen is resigning to return to the private sector, the agency announced today.
Incidents of identity theft and fraud continue to rise but, due to increased vigilance by consumer and businesses, the cost to individual victims has fallen.
The hedge-fund-of-funds sector in Europe may lose three-quarters of its assets, compared with the beginning of 2008.
Wells Fargo & Co. is hitting back at media coverage of a Las Vegas trip for mortgage employees that the bank canceled last week.
Bernard Madoff began to face the music today.
Fixing the global financial crisis will require more effective government regulation and greater cooperation among regulatory agencies around the world.
A BNY Mellon unit bought two firms: one focused on domestic Australian equities and the other on emerging markets equities and global fixed income.
As Valentine’s Day approaches, Cupid’s arrow may snag that special partner, but be sure it doesn’t snag some financial troubles in the process.
Client interest in establishing spendthrift trusts for beneficiaries is picking up steam, partly due to the fact that wealthy clients are becoming more risk-averse, according to financial advisers.
States that have Section 529 college savings plans and the financial services companies that manage them are working overtime to make sure that advisers — who account for about 80% of their sales — remain interested in the product during the recession.
As financial advisers are aware from their own businesses, success never comes to those who stand still.
The rising volatility of oil prices, coupled with the economic downturn, is providing something of a boost to railroad stocks.
