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NEWS INDUSTRY NEWS MAR 05, 2007
Environmentalists may gain clout in buyouts

NEW YORK — The impending private-equity buyout of Texas’ largest electricity producer may give rise to more deals in which environmental lobbyists are invited to sit at the negotiation table.

NEWS BROKER DEALERS MAR 05, 2007
Big indie deal finally comes off

After eight months of negotiations, LPL Financial Services Inc. last Thursday finalized the details of its acquisition of three broker-dealers owned by Pacific Life Insurance Co. of Newport Beach, Calif.

NEWS REGULATION AND LEGISLATION MAR 05, 2007
Bill to end federal antitrust immunity worries insurers

WASHINGTON — The life insurance industry is concerned that a bill which would eliminate federal antitrust immunity for insurance could lead to unfavorable attention from the Federal Trade Commission.

INVESTING ETFS MAR 05, 2007
New ETFs highlight belief that simple is good

PHILADELPHIA — WisdomTree Investments Inc. of New York is betting that when it comes to fundamental indexing — indexes weighted not by market capitalization but by other factors — the simpler, the better.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 05, 2007
Innovative policy targets wealthy clients

NEW YORK — Advisers with clients who need life insurance for tax minimization and wealth transfer may want to consider a new policy geared to that market.

RETIREMENT RETIREMENT PLANNING MAR 05, 2007
More investors are doing good in retirement

CHICAGO — Socially conscious and faith-based investing is gaining traction in the retirement plan arena.

INVESTING ETFS FEB 26, 2007
ETFs seek appeal among hedge funds

The Vanguard Group Inc., which long has espoused the virtues of buy-and-hold investing, is encouraging hedge funds — which rank among the most frenetic of investors — to invest in its exchange traded funds.

RETIREMENT LIFE INSURANCE AND ANNUITIES FEB 26, 2007
Class action litigation looms as new hurdle for EIA insurers

Add class action litigation to the regulatory controversies, bad press and other woes plaguing insurers that sell equity index annuities.

INVESTING MUTUAL FUNDS FEB 26, 2007
Waddell coy on prospects for a sale

Waddell & Reed Financial Inc., an asset management firm started by two World War I pilots, is winning its turnaround battle so far, but some observers say that the upshot ultimately will be to fix it or sell it.

RETIREMENT LIFE INSURANCE AND ANNUITIES FEB 26, 2007
Lifetime-guarantee annuities could end up biting insurers

Industry leaders are concerned that insurance companies are taking on too much risk from annuities that offer guaranteed-withdrawal benefits for the life of the client. Financial services leaders worry that if baby boomers live longer than projected or a downturn hits the market, the financial strength of insurance companies could be threatened.