Union Labor Life Insurance Co. today settled with the Department of Labor, paying $20 million over alleged violations of federal employee benefits law.
There will be delays for the 2007 tax year both in processing and sending out refunds to the taxpayer.
the U.K. exchange reported operating profit up 41% to $78.6 million, and earnings per share up 48% to $0.73.
National Financial Services has added seven insurance carriers to the company’s annuity program for B-Ds
The CPI has increased 3.6% over the first 10 months of the year, compared to a 2.5% gain in all of 2006.
Mr. DiDonna will lead about 150 people specializing in reinsurance, product development, actuarial services and underwriting.
Retail sales increased just 0.2% in October, following an increase of 0.7% in September.
New York Life Insurance elected Patricia L. Barbari has to senior vice president in the Individual Policy Services department.
Fidelity Institutional Wealth Services' total client assets reached $325 billion, up 50% from last year.
The Chicago-based private-equity and hedge fund firm posted a net loss of $37.6 million, or 52 cents a share.
Using a fixed-income annuity in a retirement income account resulted in greater long-term wealth, according to a study.
Level 3 assets, which include mortgage-backed securities, make up 6.9% of Goldman's assets under management.
Online investors who make most financial decisions without the help of an adviser are more active traders and take bigger risks than those who seek guidance, a new study found.
As stocks of the large financial services firms get hammered, more brokers could be tempted to leave.
A new website is creating a Facebook-type social networking site to help investors check up on their financial advisers.
A number of top independent-contractor broker-dealers have recently reached a variety of records and milestones, from best-ever revenue to increasing revenue from fees rather than commissions.
Because Congress was slow to take up legislation to protect taxpayers with moderate income from having to pay the alternative minimum tax, it is likely that the Internal Revenue Service will have to delay processing 50 million taxpayers, the acting chief of the agency told the nation's accountant association last week.
Young companies with green technologies are cleaning up when it comes to venture capital dollars.
It used to be that when Bill Miller, the vaunted value manager at Legg Mason Inc. of Baltimore, gave his view of the market, it would be hard to find folks who would disagree with him.
German insurer Allianz SE, saw third-quarter net profits soar 21%, reaching 1.92 billion euros ($2.81 billion).
