As hurricane season approaches, financial advisers continue to look warily upon catastrophe bonds
Sun Life Financial Inc. of Toronto today released a new rider, the Retirement Income Escalator.
The Fair Fund distribution concludes the saga that began when the insurer was accused of falsifying financial statements.
The Hartford Financial Services Group announced changes to its flagship variable annuity and its sales force.
The volatile stock market has created a period of frenzy for financial advisers in the 401(k) area, who have seen a substantial increase in the number of new prospects.
Eight percent of investors have recently halted or reduced their contributions in 401(k) plans, a study reveals.
“We’re going to see new products for [income] guarantees that aren’t insurance,” said Laura Varas of FRC.
Allianz's first-quarter net income slid to $1.7 billion, down 66%, from $4.9 billion in the same period last year.
Retirees are increasingly worried that they will live too long and their savings will run out, and financial services companies are noticing.
Nearly half of large employers plan to add or replace funds in their 401(k) plans in the next 12 months, according to a newly released study.
Financial advisers favor the 401(k) fee breakdowns that would be required in the Fair Disclosure for Retirement Security Act, which was approved April 16 by a 25-19 party-line vote of the House Education and Labor Committee, even though that stance is at odds with the position taken by the mutual fund and brokerage industries.
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One Goldman analyst says the bond insurers will need $3.4 billion each in added capital thanks to more quarterly losses.
“We are certainly ... disappointed that NAIFA’s board would suddenly change course on this important consumer protection issue"
The regulator wants to delay a rule that governs the review of deferred variable annuity sales.
A bill would create a federal office inside the Treasury to provide expertise on regulating the insurance industry.
Joseph P. Brandon, chairman and chief executive of General Re Corp., left his post following a rocky court case.
With the economy deteriorating and prices for gas and heating fuel skyrocketing, consumers who are seeking new sources of cash are increasingly jeopardizing their retirement income by taking out loans from their retirement plans.
The Iowa Legislature has approved a bill to ban stranger-originated life insurance practices.
Service providers to 401(k) plans should not be required to be fiduciaries of the plans, the Department of Labor is being told.
