Prudential's fourth-quarter net income fell to $792 million, or $1.75 per share, from $893 million.
Productivity rose 1.8% over the final quarter of 2007, a significant drop from the 6% increase achieved in the third quarter.
Fidelity's gift fund reached a record level of $1.17 billion in grants to charity in 2007 — an increase of 24% over 2006.
The two firms are paying out almost $850,000 to settle cases involving clients burned by Gregory Horton.
Confidence among investors with more than $500,000 in investible assets tumbled to an all-time low in January.
The Securities Industry and Financial Markets Association has endorsed President George W. Bush 2009 budget proposal.
One money manager and two exchange operators posted profits in the fourth quarter, while an insurer's earnings headed south.
Iowa will be the first state to join an initiative to provide customers with plain-English disclosures on fixed and indexed annuities.
Sun Life Financial's U.S. division announced the creation of a new group and a change in leadership.
The non-manufacturing sector saw its biggest one-month drop since they started keeping record in June 1998.
The number of advisers and brokers considering switching firms was on the rise last year.
While more money flowed into Janus Capital Group's mutual funds in 2007 than out - an occurrence not seen since 2000 - advisers are skeptical about whether the once-troubled fund company has regained its footing completely.
Variable annuities with guaranteed-minimum-withdrawal benefits allow investors to reduce risk and increase retirement income, according to a recent study.
The rich are different from you and me, according to F. Scott Fitzgerald.
Saving a sufficient amount of money for retirement was the top concern of clients in a recent survey of accountants who provided financial planning services.
In January, 74,986 American workers were laid off, an increase of 69% from December’s total of 44,416.
The forces that drove the retirement marketplace in 2007 — the automatic enrollment and default option provisions of the Pension Protection Act of 2006, the aging baby boomers and a focus on the rollover market — will continue to shape product launches this year.
Strong earnings and sound investment portfolios will keep the life insurance industry stable this year, according to Moody’s Investors Service.
Raymond James' asset-management unit and its bank could be worth close to $4 billion, according to Barrons.
