Executives at Genworth Financial took another step in their downsizing with the announcement of the much-anticipated sale of its wealth management unit. Who bought it? Darla Mercado has the details.
Rep.'s attacks on Obama's 'twist of terms' feature some twists of his own
S&P lowers rating on insurer to lowest investment-grade level
Carrier to suspend sale of lifetime benefits, 10-pay versions of product; changes to kick in July 29
it is understandable when people rely on simple retirement maxims to get past their insecurities and fears. Unfortunately, those adages are often a poor fit.
Fingers crossed for product enhancements, ratings upgrades.
Moody's lowers financial strength grade for Aviva Life; third reduction in three months
Hot third-quarter indexed-annuity sales help propel industry, PE-backed insurers show staying power
Say league is tossing up a brick with reliance on annuities; 'solution of last resort'
Five – count 'em five — categories now in play; several rungs of hell
Good news – plan sponsors see big bounce in performance after adding new funds; bad news – it doesn't last.
To start scrapping savings incentives would undermine the foundation of our retirement system, risking wider damage
