Bill requires insurers to disclose how much money they stand to make off the float; 'corporate greed'
Subpoenaeas MetLife Inc. and Prudential Financial Inc. for information on practice of generating investment income off survivors' death benefits
Survivors given checkbook accounts, while insurers retain the assets; 'turning death claims into a profit center'
Corporate mandate to slow accelerating sales seen as prudent, but advisers express concerns
Financial services firms — many with operations in Japan — are opening their corporate pockets in response to the country's disasters.
City-state has highest percentage of millionaire households; China now No.3 in total number of millionaire households
Payment to the Bayou State marks third such settlement for the insurer in less than two months
Connecticut's insurance department yesterday kicked off an inquiry into insurers' payments of death benefits and the steps the insurance companies take to locate beneficiaries.
Bill Miller, Legg Mason's highly-touted stock picker, believes that President Obama's tax cut plan will be a shot in the arm for U.S. stocks.
Insurers are girding for a flurry of questions about their risk management from broker-dealers and advisers whose interest has grown following the economic bust.
Steve Kluever has parted ways with Jackson National Life Insurance Co., joining The Hartford Financial Services Group Inc. and heralding a new push in variable annuity development for the insurer
Neal Smalbach was fired by a broker-dealer in 2008 for selling securities while he was unregistered, an infraction that got him suspended by the Financial Industry Regulatory Authority Inc. for six months, according to the organization's BrokerCheck system.
Gregory Vaughan has the demeanor of your favorite college professor — accessible, attentive and humble
Workers often leave 401(k) accounts with former employers for no good reason, survey finds; advisers missing a trick
Matthew McLennan (middle), portfolio manager at First Eagle Funds, and David J. Winters (right), manager of the Wintergreen Fund, sit down with WealthTrack's Consuelo Mack (left) at the Retirement Income Summit today in Chicago.
Davies latest in a series of of top execs who've left the financial firm since CEO change in 2008
In a recent case (Cajun Industries LLC v. Robert Kidder, et al.), the court ruled that despite having previously named his three children as beneficiaries of his 401(k) plan, a deceased plan participant's 401(k) balance will pass to his new wife
Jamey Delaplane, partner at law firm Davis & Harman LLP, warned advisers in attendance at the <i>InvestmentNews</i> Retirement Income Summit that IRAs are likely to come under increased regulatory scrutiny.
