Venerable insurer makes dramatic move amid pressure from shareholder John Paulson
But still no specific timetable for issuance of revised rule
Upper-middle class more worried about life's big moments than the next 12 months
With a sick daughter, a missing fortune and an uncharacteristic hiccup in a key playoff game, luck just wasn't with current San Francisco 49ers kicker David Akers this time last year. What a difference a year makes.
Top participating issuers of VAs
Participating issuers, ranked by sales
Bank of America's new fiduciary service will be available to plans with at least $25 million in defined-contribution assets and their retirement plan specialist advisers
VA clients are less likely to surrender their variable annuities, as living benefits retain high value
Letter sent to industry groups gave some one day to provide requested information; short notice
Also believe it's Uncle Sam's job to protect investors from fraud
Insurer mulling raising fees and cutting benefits on popular product; low interest rates to blame
Supreme court considers request for Social Security survivor benefits for twins born 18 months after father's death.
AUM down in 2011, but production up; 'focusing more on their larger accounts'
Employers are worried. They had expected that many of their retirement-age employees would have retired by now, but those graying boomers aren't budging.
Sen. Harry Reid strips controversial plan contained in highway bill; 2,000 letters sent
