A full 93% of plan sponsors said they are solicited at least once a year by other advisers, according to a Fidelity study.
In the weeks following a ground-breaking Supreme Court case allowing individual 401(k) participants to sue employers, lawyers have been recommending that advisers require plan sponsors to purchase fiduciary insurance.
401(k) participants who have borrowed from their investments rose from 9% in 2005 to 18% in 2007.
AIG will pay $13.5 million to settle an investigation involving its alleged sham reinsurance deal with General Re.
Connecticut is seeking to become the first state to offer a low-cost 401(k) plan designed for small businesses.
Pets Best Insurance Services is bringing coverage to man's best friends through banks and employee benefit providers.
The mutual fund industry's push for raising taxes on exchange-traded notes may come back to hurt the industry when it asks Congress to defer taxes on mutual funds, the ranking minority member of a House Ways and Means subcommittee said.
Due to a technical error, an old story about Robert R. Carter stepping down from his role as president of NFP Insurance Services Inc., ran in today's INDaily.
Jackson National Life reported today a 14% earnings increase and $4.1 billion in revenue for 2007.
Estimated sales of book value annuities totaled $6.9 billion, while sales of indexed annuities totaled $6.3 billion.
The move is intended to simplify the mutual company's ownership structure, according to the firm.
The New York attorney general Andrew Cuomo is broadening his investigation into health insurers’ practices related to payments for out-of-network services.
Ambac will seek to raise capital through a $1 billion common stock offering, plus a $500 million public offering of equity units.
Pay tax on such financial products, even though no payoff from such investments is assured, would unfairly limit trade of the financial products, according to the group.
The American Bankers Insurance Association has elected three financial services industry leaders to serve as new board of directors.
The bond insurer has decided against splitting into two entities, as it prepares to receive up to $3 billion in cash.
Changes to defined benefit plans will slow considerably this year, with 72% of plans surveyed by Hewitt Associates saying they would not likely make any changes to their plans this year, compared to 41% in last year’s survey.
The firm's life settlements units have received provider licenses in 22 states and have filed applications with five others.
Registered investment advisers just might be the next big ticket for the insurance industry.
