Flagging consumer confidence comes as inflation spiked, with prices rising 1% in the past month.
Only 36% of respondents in a survey knew that Medicare eligibility begins at age 65.
They now face up to 230 years each in prison and fines of up to $46 million, according to the Department of Justice.
There is value to annuitization through a single premium immediate annuity, said insurance industry experts.
It's early in the game, but independent advisers appear to be winning the competition to lure retirement assets, according to the management consulting firm McKinsey & Co.
The process could come to a favorable conclusion for the bond insurer early this week.
Legislation is moving forward in the Senate that would allow financial services companies to keep their industrial banks.
Pressure is increasing on the U.S. government and the investment community to address climate change.
The gross domestic product will rise by just 2.9% in 2008, according to economists polled by NABE.
Insurers are stepping up their wholesaler education efforts to help advisers prepare for tougher suitability rules involving the sale of variable annuities.
Aware of the appeal of variable annuity riders, carriers plan to strengthen their offerings while attempting to meet financial advisers' calls for simplicity.
The Securities and Exchange Commission is to be applauded for its proposal to revise Part II of Form ADV.
As Wisconsin's insurance commissioner and vice chairman of the Life Insurance and Annuities (A) Committee of the Kansas City, Mo.-based National Association of Insurance Commissioners, Sean Dilweg is focusing on suitability, wholesaler training and curbing VA abuse.
Portfolio volatility and the sequence in which returns are realized play a unique role in portfolios subject to regular retirement withdrawals.
While industry experts and broker-dealers are working to simplify variable annuity processing and cut down on paperwork electronically, software vendors are trying to help advisers easily compare products to comply with suitability requirements.
Children with at least one parent holding a high school diploma are much less likely to be risk-averse than those whose parents have less formal education, researchers found in studying survey data from nearly 3,400 adults.
The two were among a group of ex-Marsh executives who were charged in a criminal indictment in September 2005.
MBIA has pulled away from the Association of Financial Guaranty Insurers, saying it no longer shared the trade association’s views.
MISR Securities International of Egypt allegedly refused to pay the debit balance in its account.
