Insurers have begun bidding for American Life Insurance Co., the life insurance unit of American International Group Inc.
Americans' already battered confidence in the economy went into free fall in February, sinking to new lows.
Prices of existing single-family homes tumbled 18.2% on average in the fourth quarter of 2008, marking the biggest year-over-year price decline in 21 years
While all 401(k) investors have sustained significant losses in the last year, no one has suffered more than the wealthiest 401(k) participants.
A declining percentage of Americans believe they are saving enough for retirement, according to a survey released today by the Consumer Federation of America.
Janus Capital Group Inc. of Denver saw its ratings drop a notch to junk status today courtesy of Standard & Poor’s of New York.
The challenge: Because of the increase in corporate layoffs, retirement plan rollovers are becoming bigger than ever.
As market volatility persists, the Financial Planning Association has created a research program that is aimed to help advisers choose the best technology.
A former Secret Service agent is expected to be named chairman of the organization overseeing the federal-economic-stimulus-plan spending.
The country stands to lose a sizable chunk of economic activity in 2009 as consumers at home and abroad retrench in the face of persistent economic troubles.
Investors' concerns about negative market returns are likely to create a greater demand for guaranteed products such as variable annuities, but the downturn in the markets has changed the insurers' cost of managing the hedging risk of VAs.
Much as the Great Depression spawned an entire generation of skeptical and conservative investors, the current financial crisis could have a similar effect on the financial tendencies of today's "Millennial" generation.
In a nod to today's touchy political environment regarding executive compensation, financial advisers at the firm born out of a joint venture between Morgan Stanley and Smith Barney will not receive retention bonuses.
The irony is powerful: Just as client demand for quality advice is reaching an all-time high, the business models that support the selling of advice have never looked worse.
As the broad market continues its free fall, independent broker-dealer Woodbury (Minn.) Financial Services Inc. is grappling with changes in senior management and the lingering problems of its owner, The Hartford (Conn.) Financial Services Group Inc.
Advisers may complain about variable annuities, but most still endorse the product.
As this year's returning chairman of the NAIC's Life Insurance and Annuities (A) Committee, Eric R. Dinallo's priorities are making sure that consumers are protected while helping carriers steer a course through choppy economic waters.
Wealth managers in the Phoenix area say that the financial crisis and its calamitous impact on the stock market is forcing them to rethink their investment strategies.
With the equity markets testing new bear-market lows as part of a five-month run that has seen the Standard & Poor's 500 stock index fall by 38%, it can be disorienting to discover a stock moving aggressively in the opposite direction.
The Charles Schwab Corp., concerned about liability related to hedge funds, is telling registered investment advisers that it will no longer accept custody of alternative assets.
