Industry leaders are urging advisers to stand united against a measure in Congress that would require businesses without a retirement plan to institute an automatic individual retirement account.
Latest state to slash charges on college savings plans; 'downward trajectory'
Insurers, fund companies and advisers who serve small investors are likely to be big winners if the Automatic IRA Act of 2010 becomes law.
Seven former UBS AG clients, including two who pleaded guilty, were accused of tax crimes as the U.S. Justice Department extends its crackdown on offshore tax evasion.
Threat of IRS crackdown too big a risk, says official at Swiss financial regulatory agency
UBS AG of Switzerland said Monday that authorities in Britain, Canada and Australia are investigating the bank's offshore business in the wake of revelations that it helped U.S. customers evade their taxes for years.
President Barack Obama signed legislation that will cut taxes and provide credit help for small businesses, calling it an essential step for job growth in a slow economy.
Older workers are feeling more confident about their ability to retire comfortably, but younger workers, particularly those with defined-contribution plans, are growing increasingly worried.
In a move that one industry expert dubs 'a big hit,' the fund firm sees its 10-year relationship with the state come to a halt
The tennis great, as well as the estate of actor Robert De Niro's father lost millions in the scam, according to one attorney
President Barack Obama will call on Congress to pass new tax breaks that would allow businesses to write off 100 percent of their new capital investments through 2011, the latest in a series of proposals the White House is rolling out in hopes of showing action on the economy ahead of the November elections.
Fidelity Investments has introduced a priority services group for high-net-worth investors in its Charitable Gift Fund.
In trying to clarify who can give advice to 401(k) plan participants and under what circumstances, the Department of Labor appears to have antagonized just about everybody.
Li Lu, the hedge-fund manager who helped Berkshire Hathaway Inc. find profits in China, may push Warren Buffett's investment company to make more deals outside the U.S. if he takes a role at the company.
The Hartford Financial Services Group Inc. is reducing the expenses on six of its fixed-income funds, but the funds are still far from being low for their categories, according to Morningstar Inc.
B-Ds, advisers let loose on the insurer about its attempt to entice clients to switch from one variable annuity to another. The chief complaints: the timing of the letter to clients and the features of the new VA.<br> <a href=http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20100901/FREE/100909996&plckFindCommentKey=CommentKey:f6e094fc-0f50-474b-aa13-8ce8ab8116d3#CommentKey:f6e094fc-0f50-474b-aa13-8ce8ab8116d3>Readers clash over the controversy</a>
Financial advisers are fuming over a letter The Hartford sent to clients which entices them to swap their variable annuities for a replacement. Why so angry? Advisers say the new VA actually strips away generous guarantees.
The Consumer Financial Protection Bureau, a creation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, is designed to remedy the situation by protecting consumers. But what if something could be done to make the public less like prey and thus less susceptible to financial predators?
Connecticut insurance commissioner Thomas R. Sullivan will look into whether The Hartford participated in “misleading practices” in its marketing of a new variable annuity, the commissioner's office announced today.
