Insurance industry representatives and regulators could not agree on moving ahead with comprehensive reform legislation.
A Department of Labor proposal released last week seeking to provide the country's 65 million 401(k) participants with additional information about fund charges is stirring debate among different advocacy groups as to whether more data would be helpful or damaging.
The new Heroes Earnings Assistance and Relief Tax Act of 2008 contains several retirement plan provisions for military service personnel that financial advisers must know about.
Allianz Life Insurance Company of North America of Minneapolis today named Giulio Terzariol chief financial officer.
The insurance company will pay $786,655.87 as part of a settlement with the North Carolina insurance department.
Consumer protections and state partnership arrangements with insurance companies were among the topics.
HealthMarkets Inc. faces up to $10 million in additional penalties if it doesn’t meet disclosure and oversight standards.
The Select 5 fixed-interest annuity is a single-premium product that is guaranteed for five years.
As proposed, a participant’s investments would be displayed on a chart showing total fees and expenses.
American Equity Investment Life Insurance has settled a class action for $16.4 million over abusive annuity sales.
Sen. Carl Levin today called for legislation that would make it easier to tax U.S. citizens who transfer assets to shelters.
The firm is being investigated as to whether its clients used offshore accounts to hide assets and avoid paying taxes.
Legislation would set limits on the number of loans that can be taken from 401(k) plans and ban 401(k) debit cards.
A downgrade by a Wachovia analyst sent American International Group shares tumbling to a 52-week low.
State insurance regulators are displeased with the Securities and Exchange Commission and state securities regulators about a proposal that would regulate equity index annuities as securities rather than as insurance products, and one state insurance regulator is meeting with SEC Chairman Christopher Cox this week to address those grievances.
In his 20 years of managing clients' 401(k) plans, Michael T. Scarborough has seen numerous examples of mistakes made by investors who don't allocate enough of their salaries to saving for retirement.
Women are less aggressive then men when it comes to saving for retirement, according to a new study.
Insurance agents who work primarily with equity index annuities say the Securities and Exchange Commission's proposal to regulate the products as securities would impose greater costs on their firms and hand over control of their production to broker-dealers.
The ratings have been raised to “buy,” from “hold,” and the target price has been upped to $33 per share, from $30.
Former chief executive Martin Sullivan's package includes equity and cash awards valued around $28 million.
