The Fed and the Treasury announced a new restructuring plan to help bolster AIG, including a $40 billion purchase of new preferred shares from the ailing insurer.
That, of course, is cold comfort to investors in those funds.
One of the bright spots in an otherwise difficult year for the Section 529 college savings plan industry has been the aggressive efforts of Alexi Giannoulias, Illinois' dynamic young state treasurer, to boost the visibility of college savings both in his home state and across the country.
It is all about valuation and company fundamentals for fund manager Michael Cuggino as he rummages through the battered markets looking for investment bargains.
As asset managers position themselves for 2009, the steady stream of pink slips that started to flow last month is expected to continue.
Insurance companies and distributors face major changes for risk management and product development as variable annuities and their guarantees pressure insurers' risk-based capital, industry experts said.
Financial advisers are worried that if more employers eliminate 401(k) matches, it will cause already cash-strapped and worried clients to reduce or halt their contributions.
Advisers, hungry for market information in this troubled environment, are turning to asset managers for help.
Insurance agents are blasting a controversial Securities and Exchange Commission proposal to classify equity index annuities as securities.
Just over half of Americans are investing in a retirement plan, but the tumultuous financial markets are making it a more arduous task, according to a new survey.
