New legislation is being written as congressional interest in 401(k) fee disclosure rules heats up in advance of a round of hearings set for this week.
Automatic features are gaining momentum in the 401(k) arena, according to financial advisers.
AIG will trim 600 positions as one of its subsidiaries merges with 21st Century Insurance Group.
Two of the world’s largest insurance-and-financial-services trade organizations have announced plans to merge.
New York Life International, the overseas arm of New York Life Insurance Co., has hired Richard L. Mucci as its chairman and chief executive.
Jackson National Life Insurance Co. today released Jackson AscenderPlus Select, a new fixed index annuity.
Combined net assets for variable annuities hit $1.5 trillion during the second quarter, according to a report from NAVA.
Financial planners applauded last week’s dramatic one-half-percentage-point cut in the federal funds rate by the Federal Reserve Board, saying the move provides an opportunity to calm nervous investors and help clear up their debt problems.
Financial advisers are questioning the decision of TD Ameritrade Holding Corp. to keep them in the dark after hackers gained access to their clients’ Social Security numbers, account numbers, phone numbers and e-mail addresses.
The insurance industry wants Congress to do something about the Byzantine system of state-by-state agent licensing and oversight.
Marsh & McLennan Cos. stock slipped after Brian M. Storms stepped down as CEO of Marsh Inc. on Friday.
Insurance regulators are joining the attack on investment fraud that targets older Americans.
Craig A. Merdian has joined New York Life International as executive vice president and CFO.
With a recently passed law, the Department of Defense has declared war on bogus financial advisers.
Automatic escalation will increase 401(k) accumulations by up to 28% in the lowest income group, says a study.
Individual annuity sales increased 6% in the second quarter to a record of $66.5 billion over the same period in 2006.
Richard M. Reilly, Michael Gilotti and Mathew Greenwald were honored and six new board members were added.
Financial advisers shouldn’t focus on the big picture of 78 million baby boomers charging toward retirement, but as a gradual evolution, said Oppenheimer Funds economist Brian Levitt.
Seniors may want to sell their homes and move in with relatives as a way to reduce overhead expenses.
Life insurance brokerage agencies could save up to $377 million annually in agent licensing costs if Congress were to adopt legislation.
