Retirement

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LIFE INSURANCE AND ANNUITIES AUG 18, 2008
Hybrids will drive retirement income

Products that combine equity exposure, income generation and volatility protection may grow more popular among advisers, according to a retirement product executive.

TAX AUG 14, 2008
UBS wealth head allowed to leave United States

Martin Liechti has returned to Switzerland more than three months after he was detained material-witness warrant.

TAX AUG 13, 2008
Most corporations skirt federal tax

A GAO study found that about 66% of U.S. corporations didn't pay any federal income tax.

LIFE INSURANCE AND ANNUITIES AUG 13, 2008
Conseco to turn LTC unit into indie trust

Conseco said that it plans to transfer Conseco Senior Health Insurance, its long-term care unit, to an independent trust.

RETIREMENT PLANNING AUG 13, 2008
Despite turbulence, workers stick with plans

The amount of money that employees paid in to their defined contribution plans in the first half of 2008 increased.

LIFE INSURANCE AND ANNUITIES AUG 13, 2008
Alabama insurance commish to step down

Walter A. Bell, Alabama’s insurance commissioner, announced that he will step down at the end of the month.

RETIREMENT PLANNING AUG 12, 2008
Strapped Americans scrimping on insurance

Many are cutting back on medical care to cope with rising costs and a worsening economy, according to NAIC.

TAX AUG 12, 2008
Nuts and bolts of 529 college savings plans

A couple should consider setting up a 529 college savings plan to minimize the effect of spiraling tuition costs.

RETIREMENT PLANNING AUG 11, 2008
Employers make it easier to participate in 401(k)s

Employers are getting more proactive about offering incentives to make it easier for employees to use a 401(k) plan, according to a study from Deloitte Consulting LLP.

LIFE INSURANCE AND ANNUITIES AUG 11, 2008
Lieberman named CEO of Hartford Life Ltd.

The Hartford Financial Services Inc. today appointed Marc Lieberman president and chief executive of Hartford Life.

LIFE INSURANCE AND ANNUITIES AUG 11, 2008
Berkshire slumps, MBIA back in black

Berkshire Hathaway reported net earnings declined to $2.88 billion from $3.12 billion a year ago.

LIFE INSURANCE AND ANNUITIES AUG 11, 2008
Variable's loss is fixed's gain

Because of slumping second-quarter sales of variable annuities, industry observers believe fixed annuities could benefit.

LIFE INSURANCE AND ANNUITIES AUG 08, 2008
Principal report focuses on retirement income

The Principal Financial Group has released a white paper that examines the four methods of providing retirees with income.

LIFE INSURANCE AND ANNUITIES AUG 07, 2008
Marsh & McLennan profits plunge 63%

Marsh & McLennan Cos. of New York reported that its second quarter profit fell 63%to $65 million, or 13 cents per share.

LIFE INSURANCE AND ANNUITIES AUG 06, 2008
Gabelli to raise $200M for buyouts

Mario Gabelli plans to raise $200 million to buy a financial services, media or telecommunications company.

TAX AUG 05, 2008
Intentionally flawed trust offers tax savings

Consider a sale of assets to an intentionally defective grantor trust for the benefit of multiple younger generations.

RETIREMENT PLANNING AUG 05, 2008
Study: Invesco AIM tops in 401(k) resources

Following Invesco AIM were American Funds Group, Fidelity Investments and OppenheimerFunds Inc.

LIFE INSURANCE AND ANNUITIES JUL 30, 2008
Finra floats VA marketing reform

Clients would be urged to obtain a personalized hypothetical illustration, revealing all applicable charges and fees.

TAX JUL 29, 2008
When clients want to raid DC accounts

If your client want to raid their retirement money for a "hardship distribution," you need to know the rules.

LIFE INSURANCE AND ANNUITIES JUL 29, 2008
The Hartford’s VA assets fall in 2Q

The Hartford Financial Services Group's second-quarter profits fell to $543 million or $1.73 per diluted share.