Displaying 101 results
Latest in 401(k) litigation: Cap Group sued, MetLife to pay $4.5M settlement
Settlements and new cases continue as law firms claim asset managers did wrong by using their own products.
Principal, MetLife assume a $1.2 billion pension obligation
Retirees in the pension plan of Philips North America will receive the same monthly benefit.
MetLife fined $10 million over missing pensioners
Insurer's policies for locating annuity customers resulted in errors in accounting for reserves, SEC says.
William Galvin hits MetLife with $1 million fine for failing to keep track of pensioners
Massachusetts says insurance firm must pay retirees and beneficiaries who were 'presumed dead'
Insurance executives push House to add annuity provision to tax reform bill
Insurance executives back measure making it easier to add lifetime income features to workplace savings plans.
Galvin charges MetLife with inflating bottom line
Massachusetts securities czar says insurer's failure to make pension payments enabled it to lower reserves
MetLife, Brighthouse sued for $500 million over missing pensioners
Lawsuit claims insurers 'betrayed' thousands of pension plan participants and beneficiaries.
Labor Department partners with two life insurers on abandoned plans
Will try to determine whether more than 2,000 retirement plans are abandoned.
FedEx shifts pension obligations by purchasing $6 billion group annuity
The pension risk transfer is the biggest since 2012, when Verizon purchased a $7.5 billion annuity
Massachusetts finds MetLife ‘missing’ pensioners, Galvin says
Two months after the insurer provided the names of those owed pension payments, the state has located the majority of them.
New details into MetLife pension scandal raise questions and alarms
State and federal inquiries promise to drag on for months.
New York, Massachusetts eye MetLife’s unpaid pensions
Up to 30,000 people may not have received payments from insurer.
Former MetLife rep fined $15,000 for borrowing from clients
Finra also suspends the broker, a firm lifer, for 18 months
Manulife cites ‘challenging’ businesses amid spinoff talk
The company may seek to exit its John Hancock unit in the U.S.
MetLife seeks spinoff of U.S. unit after mulling IPO
At least 80.1% of the shares in the unit, Brighthouse Financial Inc., will be distributed to MetLife investors under the plan.
MetLife to reduce costs 11%, cut jobs
The largest U.S. life insurer plans to cut expenses by about $1 billion as low interest rates squeeze investment income.
MetLife penalty puts spotlight on bad variable annuity switches
Bad VA switches were supposed to be a thing of the past, but the independent broker-dealer industry should take heed of this fine.
Dodd-Frank architect Barney Frank blasts decision to overturn MetLife SIFI status
The former House Financial Services committee chair criticized the ruling and said it could ultimately lead other institutions to try to overturn their SIFI status.
MetLife to pay record Finra fine for misleading annuity customers
Insurance giant to pay a $20M fine and $5M to customers for “negligent” misrepresentation and omissions, according to Finra.
