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NEWS INDUSTRY NEWS DEC 13, 2007
Federal budget 'unsustainable' says CBO

The United States is operating on an unsustainable federal budget that is bound to seriously damage the economy, the Congressional Budget Office said.

NEWS REGULATION AND LEGISLATION DEC 12, 2007
Arbitration bill to cover securities contracts

Legislation "is intended to cover disputes between investors and securities brokers,” Sen. Feingold said.

YOUR PRACTICE FINTECH DEC 12, 2007
The Hartford buys tech firm

The Hartford announced plans today to acquire TopNoggin, a technology firm based in Powell, Ohio.

RETIREMENT RETIREMENT PLANNING DEC 12, 2007
401(k) disclosure regs floated

The Department of Labor proposed a new rule for fiduciaries meant to increase fee disclosure in 401(k)s.

NEWS RIAS DEC 12, 2007
Fidelity to benefit breakaway brokers

Under the program, RIAs working with Fidelity will have access to affordable medical, dental and vision insurance.

NEWS REGULATION AND LEGISLATION DEC 12, 2007
Cox gives companies SOX reprieve

The SEC wants to give smaller companies more time to comply with section 404, Chairman Christopher Cox said this morning.

INVESTING ALTERNATIVES DEC 12, 2007
Greenwich November hedge index off 1.61%

Greenwich reported significantly smaller losses than the S&P 500, Dow Jones and Nasdaq indexes.

RETIREMENT RETIREMENT PLANNING DEC 11, 2007
401(k)s not enough for young workers

37% of workers born in 1990 will reach retirement age with no savings in a 401(k)-type account, says a report.

RETIREMENT LIFE INSURANCE AND ANNUITIES DEC 11, 2007
Metlife opens deferred-income annuity sale

MetLife will now distribute its retail-deferred income annuity through the carrier’s independent distribution arm.

RETIREMENT RETIREMENT PLANNING DEC 11, 2007
IRAs outshine defined contribution plans

Assets in individual retirement accounts grew 16.5% in 2006 to a record $4.23 trillion, according to EBRI.