DTCC has trimmed fees for mutual fund and insurance transactions.
Insurer settles with California over allegedly inappropriate fixed annuity sales.
Cynthia King will be head of products for the the company’s Employer Markets Defined Contribution and Executive Benefits Business segment.
Goldman Sachs has created an index for investors seeking opportunity in longevity and mortality risk.
Despite initial concerns about portability, cost and complexity, annuities in defined contribution plans are slowly gaining momentum, according to a new report.
Of all the firms targeted by Eliot Spitzer when he was cleaning up abuses on Wall Street, none suffered more than Marsh & McLennan Cos.
Complying with new 401(k) fee disclosures will be an arduous task, said a number of leading attorneys.
Sen. Hillary Clinton's bid for the White House may rekindle momentum behind a bill she co-sponsored last year that would offer a tax break on some annuities, according to a retirement trade group.
The value of its super-senior-credit-default swap portfolio declined $5.9 billion and not $1.6 billion, AIG reported to the SEC.
Company wants to be a high-net-worth 'pure-play', reports a 90% drop in fourth-quarter income.
Fourth quarter profits down 50% at Nationwide, off 29% at Protective Life.
John Hancock Financial's team will act as a resource for financial planners and advisers on tax and estate planning issues.
Prudential's fourth-quarter net income fell to $792 million, or $1.75 per share, from $893 million.
The Securities Industry and Financial Markets Association has endorsed President George W. Bush 2009 budget proposal.
Iowa will be the first state to join an initiative to provide customers with plain-English disclosures on fixed and indexed annuities.
Sun Life Financial's U.S. division announced the creation of a new group and a change in leadership.
Variable annuities with guaranteed-minimum-withdrawal benefits allow investors to reduce risk and increase retirement income, according to a recent study.
If you're looking for a muddle, consider the status of the rule on non-spouse direct rollovers from company plans under the Pension Protection Act of 2006.
The forces that drove the retirement marketplace in 2007 — the automatic enrollment and default option provisions of the Pension Protection Act of 2006, the aging baby boomers and a focus on the rollover market — will continue to shape product launches this year.
Strong earnings and sound investment portfolios will keep the life insurance industry stable this year, according to Moody’s Investors Service.
