Industry News

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NEWS INDUSTRY NEWS JAN 07, 2008
People

Curian Capital LLC, a Denver-based provider of separately managed account platforms, has promoted Greg Verfaillie to senior vice president and national sales manager.

NEWS INDUSTRY NEWS JAN 07, 2008
Grandparents investing billions for grandkids

Today's grandparents are spending about $50 billion a year on their grandchildren — with about $25 billion of that going toward investments, a recent survey has found.

NEWS LIFE INSURANCE AND ANNUITIES JAN 07, 2008
Great American charged by Mass. AG

Great American Insurance is accused of submitting a false insurance premium quote.

NEWS RETIREMENT PLANNING JAN 07, 2008
Liebrock jumps from Fidelity to Captrust

Dave Liebrock will be an adviser at Captrust, working mostly with plan sponsors in the mid-market 401(k) space.

NEWS INDUSTRY NEWS JAN 07, 2008
Middle East petrodollars attract firms

Western money managers are pouring into the Middle East in hopes of luring its fast-growing pools of petrodollars.

NEWS LIFE INSURANCE AND ANNUITIES JAN 04, 2008
Bank sales of annuities up in October

Fixed and variable annuity sales at banks rose to $4.2 billion in October, a 14% gain.

NEWS LIFE INSURANCE AND ANNUITIES JAN 04, 2008
Hartford selects global wealth VP

Peter Smyth is now senior vice president and director of strategy, development and operations for international wealth management.

NEWS INDUSTRY NEWS JAN 04, 2008
Unemployment claims climb to 5%

Growth in U.S. payrolls slowed to a trickle and the unemployment rate increased significantly in December.

NEWS INDUSTRY NEWS JAN 03, 2008
Private sector adds 40,000 jobs

But financial-services firms trimmed 5,000, marking the third decline in the last five months.

NEWS LIFE INSURANCE AND ANNUITIES JAN 03, 2008
FINRA wants delay in VA-sale rule

After an outcry from member B-D firms, FINRA proposed pushing back a section of the rule to Aug. 4.

NEWS INDUSTRY NEWS JAN 03, 2008
SEC report sheds light on B-D rule

Many investors found disclosures that advisers and B-D firms are required to provide are "problematic.”

NEWS LIFE INSURANCE AND ANNUITIES JAN 03, 2008
Jackson adds VIP and S&P funds

Jackson National Life Insurance Co. today added a pair of new portfolios to its retail mutual fund lineup.

NEWS LIFE INSURANCE AND ANNUITIES JAN 03, 2008
NAIC announces 2008 execs, salaries

Catherine J. Weatherford, executive vice president and chief executive officer, will earn $370,000.

NEWS INDUSTRY NEWS JAN 02, 2008
Millionaires, affluent upbeat in new year

Confidence blossomed among investors with more than $500,000 in investible assets in December.

NEWS INDUSTRY NEWS DEC 27, 2007
Existing homes value drops 1.4%

Prices of existing single-family homes slumped for the tenth consecutive month in October.

NEWS LIFE INSURANCE AND ANNUITIES DEC 21, 2007
Marsh & McLennan CEO shown the door

The insurance company's president and chief executive, Michael G. Cherkasky, will step down.

NEWS INDUSTRY NEWS DEC 21, 2007
Americans earning, spending more

Customers opened their wallets in November, as personal income and prices jumped, according to the Commerce Department.

NEWS LIFE INSURANCE AND ANNUITIES DEC 20, 2007
Group moves to bridge insurance GAP

America’s Health Insurance Plans today unveiled a proposal to provide health insurance coverage to more people.

NEWS INDUSTRY NEWS DEC 20, 2007
Morgan feels subprime pain in Q4

Mortgage-related losses took a $9.4 billion bite out of Morgan Stanley’s fourth-quarter report, the bank said yesterday.

NEWS INDUSTRY NEWS DEC 20, 2007
Economy expands in third quarter

The gross domestic product increased 4.9% in the July-to-September quarter, unrevised from its previous estimate.