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Gender split on target funds
Female retirement plan participants appear to display a greater inclination to place assets in target date funds than in target risk funds
Financial firms help Japan
Financial services firms — many with operations in Japan — are opening their corporate pockets in response to the country's disasters.
Target groups see changes to rankings
Morningstar Inc. has updated its quarterly ranking of large target date fund groups, raising its rating on TIAA-CREF and MassMutual Retirement Services, while lowering its rating on Fidelity Investments
Crandall promoted to CEO at MassMutual
Roger W. Crandall was named CEO of Massachusetts Mutual Life Insurance, effective Jan. 1, confirmed MassMutual spokesman Mark Cybulski.
Baker the latest to exit MassMutual’s retirement income unit
Gary F. Baker, vice president in the retirement income business division of Massachusetts Mutual Life Insurance Co., is leaving the company, marking the last of a string of departures from the retirement income group.
MassMutual sues alleged Ponzi schemer over life insurance
Massachusetts Mutual Life Insurance Co. has taken alleged Ponzi schemer Scott Rothstein to court in an attempt to rescind a $15 million life insurance policy.
MassMutual’s field force hits milestone
MassMutual on Wednesday announced that its field force has grown to more than 5,000 representatives, a record level for the 158-year-old insurer.
Underserved market for advisers? Women
Advisers have a real opportunity to serve the needs of clients who are saving for retirement — especially women.
New York Life grabs MassMutual retirement vet
New York Life Insurance Co. has hired former Massachusetts Mutual Life Insurance Co. executive Tom Johnson as its head of business development for its retirement income security products.
MassMutual lays off more employees in its Massachusetts and Connecticut offices
Massachusetts Mutual Life Insurance Co. made another round of job cuts this week in its Connecticut and Massachusetts offices, a spokesman said.
MassMutual appoints Crandall CEO
Roger W. Crandall has been named chief executive of Massachusetts Mutual Life Insurance Co. of Springfield.
Sun Life Financial hires annuity exec from MassMutual
Stephen L. Deschenes has joined Sun Life Financial Inc.’s U.S. division as senior vice president and general manager of the company’s annuity unit — a new position — effective Monday.
Mass Mutual lays off workers, more in offing
Massachusetts Mutual Life Insurance Co. has laid off 53 individuals in its retirement income sales division, according to a spokesman with the insurer.
