Retirement

Displaying 11717 results
LIFE INSURANCE AND ANNUITIES FEB 06, 2009
Hartford racks up $806M loss

The Hartford (Conn.) Financial Services Group Inc. limped through the fourth quarter of 2008, racking up a net loss of $806 million.

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 05, 2009
Buffett rescues Swiss Re

After forecasting dismal 2008 results, Swiss Reinsurance Group has announced that it will receive a capital infusion from billionaire Warren E. Buffett.

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 05, 2009
Merrill executive is joining Lincoln Financial

Will Fuller has joined Lincoln Financial Distributors of Philadelphia as president and chief executive, effective Feb. 13.

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 04, 2009
Labor Department delays advice rule

The Department of Labor today delayed implementation of a rule that would have allowed most investment advisers to give specific advice to 401(k) participants.

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 04, 2009
Aviva achieves record sales

Aviva announced that full-year 2008 life insurance and pension sales hit a company record of 11.9 billion pounds ($17.2 billion) in the United Kingdom.

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 04, 2009
ING divests Canadian unit

ING Groep has sold off its 70% stake in its Canadian property/casualty unit, ING Canada Inc., in an attempt to bulk up its balance sheets.

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 04, 2009
Iowa raises capital levels on deferred tax assets

Iowa’s insurance commissioner yesterday posted a bulletin that would allow life insurers in that state to apply deferred tax assets toward 15% of their statutory capital and surplus levels.

By Bloomberg
TAX FEB 04, 2009
And the nominees for Tax Turkey are . . .

A New York accounting firm has compiled a short list of candidates and plans to let its clients vote on the ultimate Tax Turkey.

By Bloomberg
TAX FEB 03, 2009
First-time homebuyer tax credit

Your clients, a married couple, realize that this is a home-buyer’s market and are interested in purchasing a home. The couple has come to you about tax savings opportunities related to a purchase. They are newlyweds and both previously lived in an apartment.

By Bloomberg
IRA ALERT FEB 01, 2009
Distribution holiday has its complications

No required minimum distributions for 2009

By Ed Slott
RETIREMENT PLANNING FEB 01, 2009
Taxes and new RMD waiver may not mix

A new law that gives retirees greater latitude in taking required minimum distributions could have negative tax implications, according to advisers.

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 01, 2009
NAIC vetoes reserve relief for VA carriers

A National Association of Insurance Commissioners executive group last Thursday vetoed a proposal from the insurance industry to loosen required capital and surplus levels.

By Bloomberg
LIFE INSURANCE AND ANNUITIES JAN 30, 2009
Rating cuts on tap for VA insurers

The troubles that hit variable annuity insurers last year will follow them into this year, further denting their financial strength, according to a report from Standard and Poor’s in New York.

By Bloomberg
RETIREMENT PLANNING JAN 28, 2009
Workers upped 401(k) contributions in ’08

Despite the financial crisis and plummeting markets, employees are still contributing to their 401(k) plans, an analysis from Boston-based Fidelity Investments released today showed.

By Bloomberg
TAX JAN 27, 2009
Obama tax prognostications

President Obama is formulating and finalizing his tax proposals as part of an overall economic recovery stimulus package and your clients have been asking how the new plan will affect them.

By Bloomberg
LIFE INSURANCE AND ANNUITIES JAN 26, 2009
Lincoln latest insurer to purge employees

Lincoln National Corp. has announced that it will lay off 5% of its employees, or approximately 540 positions, according to published reports.

By Bloomberg
LIFE INSURANCE AND ANNUITIES JAN 23, 2009
S&P cuts credit ratings on AFLAC

Standard and Poor’s Ratings Services today cut its credit ratings on AFLAC Inc., placing the Columbus, Ga., health carrier on CreditWatch with negative implications.

By Bloomberg
LIFE INSURANCE AND ANNUITIES JAN 23, 2009
House members push for insurance info office

A bipartisan group of seven House members today sent a letter to Treasury secretary-designate Timothy Geithner, asking him to set up an office of insurance information if he is confirmed.

By Bloomberg
LIFE INSURANCE AND ANNUITIES JAN 22, 2009
AFLAC stock goes south on capital level doubts

Shares of AFLAC Inc., a Columbus, Ga.-based health insurer, plunged after a research note from Morgan Stanley aired concerns about the company’s capital levels.

By Bloomberg
LIFE INSURANCE AND ANNUITIES JAN 22, 2009
GE adds fund to Pacific Life’s VA platform

GE Asset Management Inc. of Stamford, Conn., today agreed to add the GE Investments Total Return Fund to Pacific Life Insurance Co.’s variable annuity platform.

By Bloomberg