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INDUSTRY NEWS JUN 24, 2008
Economy looking up for ’09, say experts

U.S. economic growth will be subdued this year, but the economy will begin to pick up in 2009, according to the SIFMA Economic Advisory Roundtable.

INDUSTRY NEWS JUN 24, 2008
Consumers see economy stuck in ‘low gear’

"Consumer confidence may be nearing a bottom,” said the director of The Conference Board.

LIFE INSURANCE AND ANNUITIES JUN 24, 2008
Unum to pay $5.5 million fine

The employee benefits provider was fined for for failing to report special payments to an insurance broker.

INDUSTRY NEWS JUN 23, 2008
The perils of market timing: How managed futures can smooth the ride

Investing can be nerve-wracking, especially when volatility reigns, as today.

INDUSTRY NEWS JUN 23, 2008
Better than a toy

The idea for a Section 529 college savings plan gift registry came to Jeff Frese last year at a birthday party for his 4-year-old niece.

INDUSTRY NEWS JUN 23, 2008
Marketing emerges as high priority for regional advisory firms

Several months ago, Baltimore-Washington Financial Advisors Inc. surveyed the competitive landscape and decided it was time to make a change.

INDUSTRY NEWS JUN 23, 2008
Not your average bear market, analyst says

"We would urge caution for investors attempting to call the bottom in the current environment," a Merrill strategist wrote.

BROKER DEALERS JUN 23, 2008
Firms, not reps, at center of client relationships, judge implies

Last week's order that Next Financial Group Inc. stop violating privacy regulations when recruiting brokers upended a key tenet of independent-contractor broker-dealers: that independent representatives — and not broker-dealers — are at the center of the relationship with the clients.

INDUSTRY NEWS JUN 23, 2008
'The little engine that could' whips the S&P 500

At a time when stock markets have been buoyed by some positive economic data, small-cap stocks have whipped their larger brethren over the past three months.

INDUSTRY NEWS JUN 23, 2008
Rising dollar has managers on high alert

Some international-equity managers are wondering whether the drop in the greenback will continue, while others are beginning to implement currency hedges to protect their portfolios against a rise in the U.S. dollar.

LIFE INSURANCE AND ANNUITIES JUN 23, 2008
Market conditions right for fixed annuities

Market turmoil and rising interest rates might kick off a new season for the fixed annuity as the product emerges from the shadow of its variable cousin, an industry expert said.

OPINION JUN 23, 2008
SEC gets a B+ for credit-rating reform

Despite criticism by some in the financial services industry, the Securities and Exchange Commission's proposals for reforming the credit rating agencies deserve a grade of B+.

INDUSTRY NEWS JUN 23, 2008
A rosy small-cap outlook

Optimism characterizes management's thinking at the Natixis Vaughn Nelson Small Cap Value Fund (NEFJX).

LIFE INSURANCE AND ANNUITIES JUN 23, 2008
Annuities winning a place in target date strategies

Embedding annuities into target date funds might be the key to offering annuities as an investment option in 401(k) plans.

INDUSTRY NEWS JUN 23, 2008
Advisers mull bevy of election issues

It isn't just about taxes this time.

INDUSTRY NEWS JUN 23, 2008
In tough times, charitable giving sets record

Charitable giving in the United States reached a record $306.4 billion in 2007, the Giving USA Foundation reported.

LIFE INSURANCE AND ANNUITIES JUN 20, 2008
New York Life hires retail chief

New York Life Insurance Co. has tapped Jon Stenberg to join the company as a senior vice president in the individual-life department.

INDUSTRY NEWS JUN 20, 2008
Pyramis names new president

Pyramis Global Advisors announced yesterday that Kevin C. Uebelein has been named president and chief executive.

REGULATION AND LEGISLATION JUN 20, 2008
Former UBS employee testifies against firm

A former UBS AG banker testified against the firm yesterday, claiming it participated in schemes to help hide $20 billion in assets and avoid income tax laws.

INDUSTRY NEWS JUN 20, 2008
Moody’s downgrades MBIA, Ambac

Ratings firm Moody's Investors Service has slashed the ratings of guarantors MBIA Inc. and Ambac Financial Group Inc., both of New York.