Providers of 401(k) plans have lambasted a critical article published Oct. 9 in Time magazine denouncing the 401(k) system.
The House Financial Services Committee last Wednesday unanimously approved a bill that would create a federal insurance office within the Treasury Department.
The American Council of Life Insurers has elected C. Robert Henrikson, chairman and chief executive of MetLife Inc., as its 2010 chairman.
In the long battle to position themselves as wealth managers, life insurance companies still have to prove to financial advisers that they can do more than sell annuities.
You wouldn't know it from the way most mutual fund companies and insurers are marketing their products today, but retirement income in all its dimensions is going to be the key driver of the financial and investment business for the next two decades at least.
The Treasury Department’s decision to increase its bailout package to AIG, doesn’t signal a larger effort to aid companies outside the banking sector.
The debate over health care reform may be getting even more rancorous, but the Senate still aims to keep a provision that would create a government program for long-term care.
In 1986, Thomas A. Muldowney was discouraged by what he was seeing in the financial services industry.
At 83, Robert B. Deans Jr. still comes into the office every day.
It's very rare that an investor gets the expertise of an entire financial planning team, but at Budros Ruhlin & Roe Inc., that's exactly what they get.
Government estimates about how much investors withdraw from their 401(k)s and IRAs are probably way off — maybe by hundreds of millions of dollars, according to a report published late last month by the Investment Company Institute.
Ronald Blue & Co. LLC and its chief executive, Russ Crosson, have put their faith in charity.
Acquiring a life insurance company in the United States is an option that Sun Life Financial Inc. is willing to entertain, Jon Boscia, president of the Canadian financial services firm, said today.
While succession planning involves many decisions and alternatives, there is one outcome that is always an either/or option: ownership of the practice will pass either to a family member or to an outsider.
Although succession planning involves many decisions and alternatives, there is one outcome that is always an either/or option: Ownership of the practice will pass either to a family member or to an outsider.
Swiss Reinsurance Co. Ltd. today introduced a $75 million catastrophe bond, covering extreme mortality risks.
Life insurers are concerned that legislation the House Financial Services Committee is likely to approve after Thanksgiving will increase costs substantially for the 28 carriers that have assets of more than $50 billion.
Insurers with at least $10 billion in assets would be required to pay into a federal fund to cover the costs of resolving failures at financial services companies under legislation to be taken up next week by the House Financial Services Committee.
When cold calling chilled prospective clients, insurance agent Eric S. Klarman brought his business outside — to subway stations and on the streets of New York.
