Because Congress was slow to take up legislation to protect taxpayers with moderate income from having to pay the alternative minimum tax, it is likely that the Internal Revenue Service will have to delay processing 50 million taxpayers, the acting chief of the agency told the nation's accountant association last week.
German insurer Allianz SE, saw third-quarter net profits soar 21%, reaching 1.92 billion euros ($2.81 billion).
The House passed a one-year reprieve from the alternative minumum tax for an estimated 23 million taxpayers.
The IRS could miss its early season filing peak if Congress waits until December to complete its tax bill.
Almost all adults enrolled in an automatic enrollment 401(k) plan are glad their companies offer the service.
American International Group Inc.'s third quarter net income dropped to $3.09 billion or $1.19 per share.
Elizabeth A. Ward will handle all elements of strategic risk management and have oversight across MassMutual’s companies.
John Hancock's new program is designed to help 401(k) plan advisers capture and retain rollover assets.
Fireman’s Fund, a member of Allianz Group, has launched the first green homeowners’ insurance policy upgrade.
A new rule governing broker-dealers' sales of deferred variable annuities is about to drop, and the firms are arming themselves to face it — but not without a little grumbling.
Ms. Slevin, a 30-year veteran of the company, will direct more than 1,300 tech professionals in six U.S. locations.
Connecticut is the top-scoring state, and Los Alamos, N.M., is the top-scoring community, for personal-savings and investing behavior, according to A.G. Edwards & Sons Inc.
While many financial advisers continue to criticize and shun equity index annuities, insurance companies that sell the product are trying to improve its tarnished image by focusing on education.
The mutual fund industry and independent 401(k) service providers squared off last week before the House Ways and Means Committee over whether fees for various 401(k) services should be broken down in disclosures to employers.
The IRS is investigating how private-equity and hedge fund managers account for themselves.
Millions have the potential to realize additional tax savings by donating securities with long-term appreciation.
The layoffs are part of a global restructuring plan that will cut down on expenses, Aon said in a filing with the SEC.
Sun Life Financial’s U.S. division received the Life Office Management Association Educational Achievement Award.
Citigroup Inc. of New York has been sued by a participant in its $12 billion 401(k) plan.
Citigroup Inc. will buy Carlton Hill Global Capital, a New York-based fixed-income money manager.
