AIG boss Robert Benmosche has offered a radical yet simple solution to gaping shortfalls in government pension and medical programs. Push the retirement age back -- way back.
Bill McDermott, head of defined contribution at Goldman Sachs, to lead sales at J.P. Morgan unit
Firm joins the likes of LPL Financial, Commonwealth and Royal Alliance
Axa aims to offer VA policyholders a hike in account value if they agree to cancel a generous death benefit. If the plan works, expect other insurers to follow suit. Says one industry watcher: 'The floodgates will open.'
The switch to Roth IRAs could yield an extraordinary payoff for workers at quantitative-trading specialist Renaissance, while the U.S. Treasury loses.
Sent letter to department seeking sit-down with research director; information due by Jan. 15
Shielding assets now a prime concern of the rich; different states, different rules
After strong growth in 2010 and 2011, VA sales are expected to slow as products become less attractive, guaranteed-withdrawal percentages slide and fees continue to skyrocket.
