Industry News

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NEWS LIFE INSURANCE AND ANNUITIES NOV 07, 2007
MassMutual names chief risk officer

Elizabeth A. Ward will handle all elements of strategic risk management and have oversight across MassMutual’s companies.

NEWS INDUSTRY NEWS NOV 07, 2007
Dollar continues its plunge

The dollar fell to historic lows against the euro on concerns that China would move reserves out of the U.S. economy.

NEWS LIFE INSURANCE AND ANNUITIES NOV 06, 2007
Allianz upgrade to cover wildfire victims

Fireman’s Fund, a member of Allianz Group, has launched the first green homeowners’ insurance policy upgrade.

NEWS INDUSTRY NEWS NOV 06, 2007
Record revenue at Raymond James

Raymond James has surpassed the $1 billion mark in revenue this year — only the second indy B-D to reach that level.

NEWS LIFE INSURANCE AND ANNUITIES NOV 05, 2007
B-Ds brace for new rule on sales of deferred VAs

A new rule governing broker-dealers' sales of deferred variable annuities is about to drop, and the firms are arming themselves to face it — but not without a little grumbling.

NEWS LIFE INSURANCE AND ANNUITIES NOV 05, 2007
NYLI names Eileen T. Slevin CIO

Ms. Slevin, a 30-year veteran of the company, will direct more than 1,300 tech professionals in six U.S. locations.

NEWS WIREHOUSES NOV 05, 2007
Merrill reps upbeat about post-O'Neal era

Brokers at Merrill Lynch & Co. Inc. of New York are upbeat about the prospects for their company following the departure of chief executive E. Stanley O'Neal last week.

NEWS INDUSTRY NEWS NOV 05, 2007
529 industry deals with low awareness

The Section 529 college savings plan industry is divided over how to raise public awareness of the product.

NEWS LIFE INSURANCE AND ANNUITIES NOV 05, 2007
Vendors of equity index annuities look to education

While many financial advisers continue to criticize and shun equity index annuities, insurance companies that sell the product are trying to improve its tarnished image by focusing on education.

NEWS INDUSTRY NEWS NOV 05, 2007
Schwab adviser assets growing at 20% pace

Advisers affiliated with Schwab Institutional are growing at a rate that outpaces the industry average, Charles Goldman, executive vice president, said last Monday in Las Vegas at the custodian's annual conference, IMPACT 2007.

NEWS INDUSTRY NEWS NOV 05, 2007
Sometimes it's just a gut feeling

With a strong market capitalization and bright management team in place, the stock of Wridgways Australia Ltd., a trucking and courier company, looked quite attractive to Steven Rogé , co-portfolio manager of the Rogé Partners Fund.

NEWS INDUSTRY NEWS NOV 05, 2007
Assets, managers in 130/30 strategies surge

Assets in 130/30-type strategies climbed 77% during the six-month period ended Sept. 30, topping $53 billion, from $30 billion, according to a survey conducted by sister publication Pensions & Investments.

NEWS INDUSTRY NEWS NOV 05, 2007
Staying ahead of market uncertainty

We formed Geller Capital Management LLC in March 2000 with the intention of offering clients a classic growth strategy and a hedged strategy — but that plan was short lived.

NEWS INDUSTRY NEWS NOV 02, 2007
Jobs jump 166,000 in October

U.S. employers added 166,000 workers in October, a sign that the jobs picture remains strong in the face of a housing collapse and the credit crunch.

NEWS ALTERNATIVES NOV 02, 2007
Merrill said to hide losses behind hedges

Sources say the firm has been asking hedge funds to take on mortgage-related securities.

NEWS TAX NOV 01, 2007
Give stock, save on taxes, says survey

Millions have the potential to realize additional tax savings by donating securities with long-term appreciation.

NEWS LIFE INSURANCE AND ANNUITIES NOV 01, 2007
Aon to shed 2,700 jobs

The layoffs are part of a global restructuring plan that will cut down on expenses, Aon said in a filing with the SEC.

NEWS LIFE INSURANCE AND ANNUITIES NOV 01, 2007
LOMA honors Sun Life for education

Sun Life Financial’s U.S. division received the Life Office Management Association Educational Achievement Award.

NEWS INDUSTRY NEWS NOV 01, 2007
Incomes up 0.4% in September

Americans were making more and spending less in the month of September, according to two reports from the Department of Commerce.

NEWS INDUSTRY NEWS OCT 31, 2007
GDP, other economic gauges revive

Real gross domestic product out-performed economists’ expectations, rising 3.9% in the third quarter.