Two-thirds of investors believe that target date funds need to be combined with other funds to achieve a proper mix for their retirement portfolios, a white paper released yesterday by Janus Capital Group Inc. of Denver suggests.
The U.S. economy sank at a 5.7 percent pace in the first quarter as the brute force of the recession carried over into this year. However, many analysts believe activity isn't shrinking nearly as much now as the downturn flashes signs of letting up.
Variable annuity net sales rose nearly $1 billion from the fourth quarter of 2008 to the first quarter of 2009, according to a report released today by NAVA Inc., a Reston, Va.-based VA trade group.
Giving by community foundations reached a record level last year, but is expected to decline in 2009, according to a report released yesterday by the Foundation Center, a New York-based non-profit service research organization focused on philanthropy.
Eric R. Dinallo is resigning as superintendent of the New York state Insurance Department, effective July 3, to become the Henry Kaufman visiting professor of finance at New York University’s Stern School of Business.
Arthur J. Samberg, founder, chairman and CEO of hedge fund manager Pequot Capital Management, today told clients he will shutter the firm, close its core funds and spin out two funds into separate businesses, according to a client letter obtained by Crain's Pensions & Investments.
As it grapples with major changes, GunnAllen Holdings Inc. has bought an independent broker-dealer.
The government says the tally of newly laid-off people seeking jobless benefits fell last week, a sign that companies are cutting fewer workers.
Private coverage for the average individual costs an extra $370 a year because of the cost-shifting, which happens when someone without medical insurance gets care at an emergency room or elsewhere and then doesn't pay.
Fixed annuities continued to outsell their variable counterparts in the first quarter, according to data from LIMRA International Inc. of Windsor, Conn.
Pat Robertson — the controversial founder of The Christian Broadcast Network — is attempting to answer the prayers of investors who are fast losing faith in their advisers.
Three life and health insurers have become financially “impaired” so far this year and more carriers are expected to follow, according to a report by A.M. Best.
The Certified Financial Planner Board of Standards Inc. today announced that slightly more than half (52.3%) of the 2,063 individuals who sat for the March 20-21, 2009, CFP certification examination passed the test.
Your clients have filed their 2008 federal and state tax returns. Now, you and the couple are wondering whether there are any improvement to their home they could make that would help them taxwise.
Treasury Secretary Tim Geithner announced Wednesday that organizations working in 33 states would receive $1.5 billion in business tax credits fueled with federal stimulus money and aimed at creating and saving jobs in areas hit hard by the economic downturn.
Progressive Insurance is paying the state $120,000 and will reimburse customers after volunteering that its Web site had provided inaccurate rate comparisons.
TIAA-CREFF again is being retained as the program manager for the Kentucky Education Savings Plan Trust 529 college savings plan.
The Vanguard Group Inc. today announced expense cuts across the lineup of investment options in The Vanguard 529 College Savings Plan, sponsored by the state of Nevada.
The International Monetary Fund has said Russia's GDP could drop as much as 6% this year — the most pessimistic outlook so far.
Investments that adhere to Islamic law have at least one advantage at the moment: hey restrict the use of leverage, according to a report from State Street Corp.
