Market turmoil and rising interest rates might kick off a new season for the fixed annuity as the product emerges from the shadow of its variable cousin, an industry expert said.
In a move that likely will make environmentalist and actor Ed Begley Jr. proud, financial services firms are taking steps to make their offices green.
Optimism characterizes management's thinking at the Natixis Vaughn Nelson Small Cap Value Fund (NEFJX).
Embedding annuities into target date funds might be the key to offering annuities as an investment option in 401(k) plans.
Ten years after the Department of Labor gave its blessing to socially conscious investments in defined contribution plans, the area finally has come of age.
It isn't just about taxes this time.
Charitable giving in the United States reached a record $306.4 billion in 2007, the Giving USA Foundation reported.
New York Life Insurance Co. has tapped Jon Stenberg to join the company as a senior vice president in the individual-life department.
Pyramis Global Advisors announced yesterday that Kevin C. Uebelein has been named president and chief executive.
Ratings firm Moody's Investors Service has slashed the ratings of guarantors MBIA Inc. and Ambac Financial Group Inc., both of New York.
Mark J. Schlafly will lead two broker-dealers, FSC Securities Corp. and Advantage Capital Corp., both of Atlanta.
Findings from The Conference Board Inc.'s index of leading indicators show that an economic rebound may be on the horizon.
The policy, the Lifetime FlexPlus II, features premiums that are 3% to 5% lower than those of the original version.
The firm issued a statement at a shareholders’ meeting at which Investors Against Genocide had raised the issue through shareholder proxy voting.
The New York-based firm suffered a 61% second-quarter drop in profit but still beat analysts' expectations.
Pennsylvania Life Insurance has agreed to a $925,000 settlement following allegations of unsuitable annuity sales in Wisconsin.
The Lance Group specializes in school boards and municipalities and handles benefit plan analysis as well as design.
Bellatore Financial of San Jose, Calif. will purchase $540 million in assets from Nationwide Investment Advisors
The producer price index, which tracks the inflation rate for wholesalers, increased 1.4% in May.
Martin J. Sullivan, CEO of American International Group, has been ousted from the New York-based insurer.
