Retirees and pre-retirees remain skeptical about the likelihood of recovering their portfolio losses, and they are keeping financial advisers at arms' length, according to an informal survey.
A North Carolina insurance agent and former registered representative was arrested yesterday and faces embezzlement charges for allegedly duping a 90-year-old woman into signing away her annuities.
A financial adviser from northwest Arkansas said he's seeking the Republican nomination to challenge Democratic U.S. Sen. Blanche Lincoln, joining an increasingly crowded field of GOP hopefuls.
Insurance broker and consulting firm Marsh & McLennan Cos. said Monday that it will extend President and CEO Brian Duperreault's contract an additional three years to Jan. 29, 2014.
Client-centric marketing tactics and a more emotional approach are key to financial advisers' efforts to distinguish themselves from their competition, a tele-savvy adviser said today at the Insured Retirement Institute's annual conference in Boston.
The Insured Retirement Institute today chose James A. Shepherdson, executive vice president of Axa Equitable, as the group's chairman.
California's attorney general said Thursday his office is investigating Wall Street's big credit rating agencies to determine what role they may have played in the collapse of the financial markets.
Congress is not likely to permit the IRS to lower employee 401(k) contribution limits, even if inflation continues to decline, said a leading House Democrat.
Your client has invested in an LLC or LLP that sustains losses. Since the IRS considers him or her to be a limited partner, the losses are considered passive and the client is unable to offset salary and investment income with the losses.
The Senate bill contains tax credits for low- and middle-income families, but the House bill has proposals that would affect high earners.
Genworth Financial Inc. yesterday kicked off a $500 million public stock offering of its Class A shares.
The New York Insurance Department will hold a public hearing tomorrow on the marketing of life insurance and annuities, specifically focusing on suitability of sales to seniors.
John Hancock Retirement Plan Services today kicked off a relationship with Edward D. Jones & Co. LP, providing the firm's financial advisers with access to its retirement plan products.
Although the economy appears to be brightening, the insurance sector in North America will remain on a negative outlook, according to a report from Standard and Poor's Ratings Services.
Companies are starting to restore matching contributions to their 401(k) plans after extensive cost- cutting and signs of improvement in the economy.
A year after the onset of the financial crisis, advisers remain wary of insurers' financial health when recommending products, according to the <i>InvestmentNews</i> 2009 Insurance Product Survey.
With tax reform high on the administration's agenda for next year, the life insurance industry is pushing for preferential treatment for annuities.
