FundQuest has added Fidelity Investments Life Insurance Co.'s Personal Retirement Annuity to its platform, marking the first time that the Fidelity variable annuity will be available to fee-based advisers through a managed-account provider.
The broker-dealer channel is in the cross hairs of Sun Life Financial Inc. as the company aims to bolster its ranks of variable-annuity wholesalers and reach out to broker-dealers as a new channel for life insurance sales.
Third quarter indexed annuity sales were up 11.3% from a year ago, but down from record sales levels in the second quarter of 2009.
Although Aviva USA Corp. already has an established strength in its lineup of indexed products, the insurer has its eye on the next innovation: a guarantee wrapper with a managed account or 401(k), according to chief executive Christopher J. Littlefield.
Insurance broker Willis Group Holdings said Friday Chief Financial Officer and Group Chief Operating Officer Patrick Regan will leave the company early next year to become CFO of insurer Aviva PLC.
Officials for Aviva PLC, the London-based insurer, today said it will become a listed company on the New York Stock Exchange on Oct. 20.
Christopher J. Littlefield has been named the chief executive of the insurance company Aviva USA.
U.S. clients with more than 1 million Swiss Francs in offshore accounts with UBS could be ratted out.
A New York businessman who admitted hiding assets worth $8 million with Swiss bank UBS AG was sentenced to three months in prison for a Florida tax conviction.
The latest version of the tax credit for first-time homebuyers has two new features that may make the credit more widely available, which means more clients with Roth conversion income may be affected.
High on the mutual fund industry's “to do” list is defeating legislation that would impose a $150 billion-per-year tax on securities transactions.
If there is one word to describe Donald Robert Pitti, the financial planning pioneer who died Dec. 18 at the age of 80, it would be “enthusiasm.”
A judge in Massachusetts throws the book at an adviser who swindled the heirs of gilded-age industrialist Frederick Ayer, Jr.
Advisers have a real opportunity to serve the needs of clients who are saving for retirement — especially women.
Although there are just a few days left in 2009, small business owners still have time to squeeze in a few tax breaks.
New accounting rules and underpriced universal life insurance are just a couple of the issues keeping Joseph M. Belth up at night.
A Virginia man will spend more than seven years in prison for running a Ponzi scheme that bilked more than $5 million from more than 30 investors.
The nation's 10.2% unemployment rate — the highest level in 23 years — is being viewed by some analysts not as a peak but as the beginning of a sustained period of above-average unemployment.
Prudential Plc, Britain's second-largest insurer, agreed to buy Singapore-based United Overseas Bank's life insurance unit to help expand in Southeast Asia.
John Healy has resigned his position as chief executive of the National Association of Insurance and Financial Advisors, the organization announced today.
