More voices are joining the discussion of how best to disclose the costs of 401(k) plans to the employees who participate in those plans.
The chairman of Josephberg Grosz & Co. was sentenced to four years and two months in prison for evading tax payments on the sale of tax shelters.
Nationwide Financial Services Inc. has kicked off enhancements to its Lifetime Income Rider.
DETROIT — Financial advisory firms that concentrate on holistic planning and leave the investment management to outside professionals are seeing the benefits in real dollar terms, according to a recent study.
NEW YORK — Workers know they need financial planning, and they are looking at their employers to guide them to sound decisions, according to a study from Ameriprise Financial Inc. in Minneapolis.
The tax-services giant reported a first-quarter net loss of $302.86 million, or $0.93 per share.
Gordon Robert Moore was indicted by a Colorado grand jury on 45 counts of theft, securities fraud and forgery.
New York Life Insurance Co. has named Steven Lash as senior vice president of the corporate finance department and Richard Witterschein as the company’s new first vice president and treasurer of the department.
CHICAGO — While income annuities are the most cost-effective way to provide income at retirement, investors are reluctant to purchase them, according to a new study.
Blackstone Group claims its yearly tax tab would increase by $525 million under legislation proposed in the Senate.
Workers know they have to save for retirement, but they’re lost without financial planning, a study found.
Two insurance associations want the NGA to support legislation creating an optional federal charter for insurance regulation.
Raising taxes on private equity managers probably won’t generate a whole lot of money, according to a new study.
The variable annuity has a withdrawal base that will grow at least 7% annually during its first 10 years.
As ripples from the imploding subprime-mortgage market spread across the broader home lending industry, financial advisers might have to start helping clients reposition their mortgage and home equity exposure.
Proposed IRS regulations that affect trusts and estates would carry with them a host of ills — including more trust fees for beneficiaries, additional work for financial advisers and increased client exposure to the alternative minimum tax — advisers and industry experts say.
WASHINGTON — More financial advisers will specialize in becoming fiduciary advisers who work with 401(k) plans in coming years, according to a retirement executive who worked on a white paper on the issue.
Michael S. Flanagan has been named managing director within the Aon Technology Group, which is part of Aon Risk Services.
Sen. Schumer wanted to increase the carried interest tax for a variety of partnerships that use a “two-and-20” structure.
