A new rule governing broker-dealers' sales of deferred variable annuities is about to drop, and the firms are arming themselves to face it — but not without a little grumbling.
Ms. Slevin, a 30-year veteran of the company, will direct more than 1,300 tech professionals in six U.S. locations.
Connecticut is the top-scoring state, and Los Alamos, N.M., is the top-scoring community, for personal-savings and investing behavior, according to A.G. Edwards & Sons Inc.
While many financial advisers continue to criticize and shun equity index annuities, insurance companies that sell the product are trying to improve its tarnished image by focusing on education.
The mutual fund industry and independent 401(k) service providers squared off last week before the House Ways and Means Committee over whether fees for various 401(k) services should be broken down in disclosures to employers.
The IRS is investigating how private-equity and hedge fund managers account for themselves.
Millions have the potential to realize additional tax savings by donating securities with long-term appreciation.
The layoffs are part of a global restructuring plan that will cut down on expenses, Aon said in a filing with the SEC.
Sun Life Financial’s U.S. division received the Life Office Management Association Educational Achievement Award.
Citigroup Inc. of New York has been sued by a participant in its $12 billion 401(k) plan.
Citigroup Inc. will buy Carlton Hill Global Capital, a New York-based fixed-income money manager.
The St. Louis-based firm touts this plan as the lowest cost full service 401(k) plan available in the industry.
The new not-for-profit organization will called LL Global Inc., providing a unified management structure.
The average age of a buyer is now 58, down from 61 in 2005, and 67 in 2000, according to a survey.
Americans are in denial about their finances. Federal data show that they spend like there's no tomorrow. Our middle class is among the most affluent in history, but many live paycheck to paycheck, their futures mortgaged to fund their increasingly expensive amusements.
The new regulations from the Department of Labor covering qualified default investment alternatives will have widespread ramifications for both financial advisers and insurance companies.
He will replace Raj Singh, who will take a new position at the Swiss Reinsurance Co.
John Hancock Annuities is making a run for old and young retirees with a new annuity rider.
Just 23% of women in a recently released survey said that they were confident in their ability to retire with a lifestyle that they considered comfortable.
Some 77% of respondents to an InvestmentNews survey plan to reach out to clients in areas affected by wildfires.
