Plaintiff’s attorneys are going to have a tougher time seeking class action status in alleging the improper sale of an annuity.
The first income guarantee wrap-per around a managed-account portfolio hasn't even been sold yet, but its mere existence has sparked growing interest in retirement income products within the managed-accounts industry.
MassMutual announced that it had completed its purchase of First Mercantile Trust Co. from SunTrust Banks Inc. of Atlanta.
The economic downturn is forcing some baby boomers to raid their 401(k) plans and halt their savings, which could have a negative effect on their retirement, according to a new study.
Estimated sales of fixed annuities were $18.1 billion in the first quarter, a 35% increase from the level a year earlier.
Like Goldilocks, financial advisers can't seem to find many new retirement income products that are "just right."
A group of single-premium annuity pension plan brokers who allegedly took kickbacks from insurance carriers is under investigation by the state of Connecticut and may face steep penalties, according to Attorney General Richard Blumenthal.
The Hartford Financial Services has divided its life insurance operations into four market groups.
This deferred payout annuity allows clients to buy a stream of guaranteed income for a minimum of $10,000.
A new software service lets employers benchmark 401(k) plan costs.
A Florida pension fund yesterday filed suit against AIG and four executives of making misleading statements about the company’s finances.
A Wells notice was sent to Maurice Greenberg, former chief executive of AIG, last Friday, The Wall Street Journal reported.
American International Group Inc.’s will raise $20 billion to guard against further write-downs, according to published reports.
Despite the economic downturn, demand for small-business 401(k) plans remains strong, according to ShareBuilder Advisors.
Taxes are going up after the expiration of the Bush tax cuts in 2010, even if John McCain, R-Ariz., is elected president in November.
The Energy and Tax Extenders Act may be taken up next week by the House of Representatives.
What would be the financial consequence if one of your clients lost his or her physical and/or mental independence?
The insurer settled with the Connecticut Attorney General’s Office following an investigation into its practices.
A former banker at UBS has been charged with helping clients avoid paying taxes by opening secret bank accounts.
Chet Culver, Iowa’s governor, has signed a law to discourage stranger-originated-life-insurance practices.
