MetLife is bringing in its deferred income annuity as an asset allocation option in a defined contribution plan.
AIG has filed suit against ex-chief executive Maurice Greenberg and six other former directors and executives, accusing them of breaching fiduciary duty,
The firm reported that its operating earnings jumped 17% to a record level of $1.28 billion for 2007.
The bill is expected to pass the House by summer, but will not make it through the Senate, lawyer James Delaplane said.
Most advisers are clueless about important tax rules that impact individual retirement accounts, CPA Ed Slott said.
Annuities are from Principal Financial Group, Symetra Life Insurance and firms affiliated with MetLife Investors.
Aflac's directors have released a proxy statement inviting its shareholders to vote on performance-based compensation.
Even as the financial services industry scurries to provide advisers with better retirement income vehicles, advisers continue to criticize the new products.
A full 93% of plan sponsors said they are solicited at least once a year by other advisers, according to a Fidelity study.
In the weeks following a ground-breaking Supreme Court case allowing individual 401(k) participants to sue employers, lawyers have been recommending that advisers require plan sponsors to purchase fiduciary insurance.
401(k) participants who have borrowed from their investments rose from 9% in 2005 to 18% in 2007.
AIG will pay $13.5 million to settle an investigation involving its alleged sham reinsurance deal with General Re.
Connecticut is seeking to become the first state to offer a low-cost 401(k) plan designed for small businesses.
Pets Best Insurance Services is bringing coverage to man's best friends through banks and employee benefit providers.
The mutual fund industry's push for raising taxes on exchange-traded notes may come back to hurt the industry when it asks Congress to defer taxes on mutual funds, the ranking minority member of a House Ways and Means subcommittee said.
Due to a technical error, an old story about Robert R. Carter stepping down from his role as president of NFP Insurance Services Inc., ran in today's INDaily.
Jackson National Life reported today a 14% earnings increase and $4.1 billion in revenue for 2007.
Estimated sales of book value annuities totaled $6.9 billion, while sales of indexed annuities totaled $6.3 billion.
The move is intended to simplify the mutual company's ownership structure, according to the firm.
