Retirement

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LIFE INSURANCE AND ANNUITIES OCT 05, 2007
Gallagher buys insurance brokerage firm

BIS Insurance Services, a Sacramento, Calif. employee benefits insurance broker, will remain in its current location.

RETIREMENT PLANNING OCT 04, 2007
Miller pushes for 401(k) fee disclosure

Too many 401(k) plan participants are not getting the best deals from their plans, said Rep. George Miller, D-Calif.

RIAS OCT 03, 2007
401(k) 'generalists' must become experts

The 401(k) arena now demands specialized advisers, said Phil Chiricotti, president of the Center for Due Diligence.

RETIREMENT PLANNING OCT 03, 2007
Evolve with 401(k)s, says expert

It's the “best of times” for advisers willing to embrace changes in the 401(k) space, said an expert in employee benefits law.

TAX OCT 02, 2007
Michigan slaps 6% tax on financial advice

The new tax, slated to go into effect on Dec. 1, applies to 23 services deemed by proponents to be non-essential.

RETIREMENT PLANNING OCT 02, 2007
Guidance sought on revenue-sharing funds

Advisers are looking to the DOL for guidelines about how to handle revenue-sharing funds that could be refunded to plan sponsors in 401(k) plans.

RETIREMENT PLANNING OCT 02, 2007
Advisers need to be 401(k) experts

As automatic features continue to propel 401(k) plans, advisers need to become retirement specialists to add value to the plan.

RETIREMENT PLANNING OCT 02, 2007
Advisers ponder full disclosure in 401(k)s

Advisers are said to be baffled about how much information should be passed on to participants in 401(k) plans.

RETIREMENT PLANNING OCT 01, 2007
Maximizing rollover opportunities

The United States has one of the most mobile work forces in the world.

RETIREMENT PLANNING OCT 01, 2007
Altered 401(k) landscape seen for advisers

More wirehouses and B-Ds realize they need to allow advisers to take on fiduciary services.

RETIREMENT PLANNING OCT 01, 2007
401(k) fee disclosure garners attention from Congress

New legislation is being written as congressional interest in 401(k) fee disclosure rules heats up in advance of a round of hearings set for this week.

RETIREMENT PLANNING OCT 01, 2007
Plan sponsors warm to automatic features as rule changes await

Automatic features are gaining momentum in the 401(k) arena, according to financial advisers.

LIFE INSURANCE AND ANNUITIES SEP 28, 2007
Insurer AIG to slash 600 jobs

AIG will trim 600 positions as one of its subsidiaries merges with 21st Century Insurance Group.

LIFE INSURANCE AND ANNUITIES SEP 27, 2007
LIMRA and LOMA to join forces

Two of the world’s largest insurance-and-financial-services trade organizations have announced plans to merge.

LIFE INSURANCE AND ANNUITIES SEP 26, 2007
New York Life taps chairman and CEO

New York Life International, the overseas arm of New York Life Insurance Co., has hired Richard L. Mucci as its chairman and chief executive.

LIFE INSURANCE AND ANNUITIES SEP 25, 2007
Jackson National unveils annuity

Jackson National Life Insurance Co. today released Jackson AscenderPlus Select, a new fixed index annuity.

LIFE INSURANCE AND ANNUITIES SEP 24, 2007
Variable annuities at $1.5 trillion

Combined net assets for variable annuities hit $1.5 trillion during the second quarter, according to a report from NAVA.

IRA ALERT SEP 24, 2007
Roth IRA strategies for a rocky market

While recent stock market declines may worry some investors, those with stocks and funds in their individual retirement accounts can take advantage of current market volatility by making key moves.

RETIREMENT PLANNING SEP 24, 2007
Planners hail Bernanke for rate cut

Financial planners applauded last week’s dramatic one-half-percentage-point cut in the federal funds rate by the Federal Reserve Board, saying the move provides an opportunity to calm nervous investors and help clear up their debt problems.

RETIREMENT PLANNING SEP 24, 2007
TD secrecy on tech breach irks advisers

Financial advisers are questioning the decision of TD Ameritrade Holding Corp. to keep them in the dark after hackers gained access to their clients’ Social Security numbers, account numbers, phone numbers and e-mail addresses.