The Labor Department has turned down stable-value funds as a default investment in 401(k) retirement plans.
The American Council of Life Insurers today elected Dennis R. Glass, president and CEO of Lincoln Financial Group, as its 2008 chairman.
There just aren't enough planners to go around, according to leaders of the financial planning profession. Speaking this month in New York, Nicholas Nicolette, president of the Denver-based Financial Planning Association, said some firms will need to double or triple in size in the near future.
The Phoenix Cos. Inc. has formed an alliance with Jefferson National Life Insurance Co. in which Phoenix will use the Jefferson technology platform to offer no-load variable annuities to fee-based advisers at wirehouses and regional broker-dealers.
Sun Life Retirement Services has named Jed Collins as its new president, succeeding Claud Accum.
Michel Flamee has been re-elected chair of the International Association of Insurance Supervisors executive committee.
The system will help life insurance companies get certifications of supervision of annuity suitability.
Participants in 401(k) plans deserve to know exactly how much of their money is paying for their funds and services.
House Education and Labor Committee Chairman George Miller, D-Calif., is expected to remove a controversial requirement from his 401(k) bill that a low-cost index fund be included in all such plans, said an industry official.
Nebraska insurance director L.Tim Wagner died on Tuesday, according to the National Association of Insurance Commissioners.
House Republicans have introduced a bill that would repeal the AMT with an optional “simplified tax.”
Tax preparer Jackson Hewitt has named Michael Yerington as its new president and chief executive.
SponsorMatch lets employers give defined-contribution plan participants the longevity protection of a DB plan.
The PPA has not increased the security of defined-benefit pension plans, the Pension Benefit Guaranty Corp. said.
Democratic presidential candidate Hillary Clinton today announced a proposal to offer a 401(k)-type plan for all Americans.
More than two years after the launch of the first variable annuity based on exchange traded funds, VA providers and financial advisers are still ap-proaching the product with caution.
Those investing in a single John Hancock lifestyle fund have higher ending balances, according to Hancock.
Guy Carpenter and Co. is accused of conspiring with reinsurers to fix prices and eliminate competition.
Financial advisers are resisting using annuities designed for 401(k) plans which are created by insurance firms.
More than two years after the launch of the first variable annuity based on exchange traded funds, VA providers and financial advisers are still ap-proaching the product with caution.
