As proposed, a participant’s investments would be displayed on a chart showing total fees and expenses.
American Equity Investment Life Insurance has settled a class action for $16.4 million over abusive annuity sales.
Sen. Carl Levin today called for legislation that would make it easier to tax U.S. citizens who transfer assets to shelters.
The firm is being investigated as to whether its clients used offshore accounts to hide assets and avoid paying taxes.
Legislation would set limits on the number of loans that can be taken from 401(k) plans and ban 401(k) debit cards.
A downgrade by a Wachovia analyst sent American International Group shares tumbling to a 52-week low.
State insurance regulators are displeased with the Securities and Exchange Commission and state securities regulators about a proposal that would regulate equity index annuities as securities rather than as insurance products, and one state insurance regulator is meeting with SEC Chairman Christopher Cox this week to address those grievances.
In his 20 years of managing clients' 401(k) plans, Michael T. Scarborough has seen numerous examples of mistakes made by investors who don't allocate enough of their salaries to saving for retirement.
Women are less aggressive then men when it comes to saving for retirement, according to a new study.
Insurance agents who work primarily with equity index annuities say the Securities and Exchange Commission's proposal to regulate the products as securities would impose greater costs on their firms and hand over control of their production to broker-dealers.
The ratings have been raised to “buy,” from “hold,” and the target price has been upped to $33 per share, from $30.
Former chief executive Martin Sullivan's package includes equity and cash awards valued around $28 million.
Hedge fund investors now have the ability to insure themselves against fraud or even the allegation of fraud.
The deal makes Hartford-based ING Wealth Management the third largest defined contribution business in the country.
Analysts concerned about Security Benefit Life Insurance Co.'s investments in subprime-mortgage-backed securities have cut the firm's financial ratings and are keeping a careful eye on the Topeka, Kan., carrier.
Ted Mathas' promotion makes him the New York-based company’s 18th CEO in its 163-year history.
The model aims to create an industry standard to streamline the process of selling VA contracts and simplify compliance.
More than two years after its creation, the Roth 401(k) is finally gaining traction in company plans, such as those managed by The Hartford (Conn.) Financial Services Group Inc., The Vanguard Group Inc. and Merrill Lynch Retirement Group.
The combined total launches last year of exchange traded funds, variable annuities and closed-end funds surpassed open-end mutual fund launches for the first time, according to Boston-based research firm Cerulli Associates Inc.
Boomers, already strapped for cash, stand to lose even more money by caring for their parents, according to Fidelity Investments in Boston.
