Industry News

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E.F. Hutton, the sequel: Will it play?
NEWS INDUSTRY NEWS APR 23, 2012
E.F. Hutton, the sequel: Will it play?

Frank Campanale says the revival of the famed brokerage should be a hit

By John Goff
NEWS RETIREMENT PLANNING APR 23, 2012
Hutcheson case highlights risks for advisers

By Darla Mercado
SALB story: Loring Ward to offer stand-alone living benefits
NEWS RETIREMENT PLANNING APR 23, 2012
SALB story: Loring Ward to offer stand-alone living benefits

Turnkey asset manager in talks with Transamerica Life Insurance Co. and The Phoenix Cos. to develop income-producing product

By Darla Mercado
TD's new sales head wearing two hats while his replacement is sought
NEWS INDUSTRY NEWS APR 23, 2012
TD's new sales head wearing two hats while his replacement is sought

Peter Dorsey will continue to mind TD Ameritrade's Western region during transition

By DJAMIESON
NEWS RIAS APR 23, 2012
TD tabs Dorsey as head of institutional sales

Takes over top sales spot left vacant after promotion of Nally

By DJAMIESON
Deflated investors now seeking inflation hedges in 529 plans
NEWS INDUSTRY NEWS APR 23, 2012
Deflated investors now seeking inflation hedges in 529 plans

Deflated investors now seeking inflation hedges in 529 plans

By Liz Skinner
NEWS LIFE INSURANCE AND ANNUITIES APR 23, 2012
Lincoln National ordered to make good on insurance in heated Stoli case

Judge finds for claimant in $5 million stoli benefits payment from Lincoln National Life

By Darla Mercado
NEWS RIAS APR 23, 2012
SEC's 'no-action' letter could signal next step for alts custody

Commission's decision seen as tacit endorsement of the Alternative Investment Product service

By Dan Jamieson
NEWS INDUSTRY NEWS APR 23, 2012
The growth outlook in a low-growth world

By Scott Berg
Pru will pay $17M to settle with seven states over death benefits
NEWS LIFE INSURANCE AND ANNUITIES APR 23, 2012
Pru will pay $17M to settle with seven states over death benefits

Prudential Financial Will pay $17 million to settle with seven states; regulators claim insurer used more comprehensive database for cutting off annuity payments than one used to locate those owed money.

By Bloomberg
Analysts wave off $1.57B death benefit suit against Met, Pru
NEWS LIFE INSURANCE AND ANNUITIES APR 23, 2012
Analysts wave off $1.57B death benefit suit against Met, Pru

Illinois lawsuit alleges MetLife and Prudential owe some $524M in unclaimed death benefits

By Bloomberg
NEWS INDUSTRY NEWS APR 23, 2012
Bullion seen taking off in 2012

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES APR 23, 2012
Dead man's life policy finally pays off

Life insurers have paid $52.6 million in death benefits since New York's banking and insurance regulator forced the companies to use government data to identify cases where they didn't pay claims.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES APR 23, 2012
Policyholder who died in 1970 finally gets death benefits — and so do 8,000 others

New York state orders insurers to track down unpaid claims; $52M forked over in total

By John Goff
Little trouble in big China says bargain-buying Pimco
NEWS INDUSTRY NEWS APR 23, 2012
Little trouble in big China says bargain-buying Pimco

Expected soft landing has fund giant buying undervalued stocks in the PRC and other BRICs; policy shift seen

By John Goff
NEWS LIFE INSURANCE AND ANNUITIES APR 23, 2012
Lincoln may get more defensive with MoneyGuard hybrid

Lincoln National Corp. may raise fees and change its benefits on its popular MoneyGuard Reserve product, a combination of universal life insurance and long-term-care benefits.

By Darla Mercado
NEWS RETIREMENT PLANNING APR 23, 2012
LTCI too pricey even for Uncle Sam as CLASS Act yanked

Executives at life insurance companies can breathe a sigh of relief now that the proposed federal long-term-care insurance program — the CLASS Act — has been killed

By Darla Mercado
Commodities not your run-of-the-mill hedge: Highbridge PM
NEWS INDUSTRY NEWS APR 22, 2012
Commodities not your run-of-the-mill hedge: Highbridge PM

Raw materials also offer inflation protection and exposure to emerging economies, says Nodelman

By Jeff Benjamin
NEWS INDUSTRY NEWS APR 22, 2012
Maximizing the election-year boost

By Mitchell Kauffman
NEWS BROKER DEALERS APR 22, 2012
LPL realigns management

By Bruce Kelly