A California court set aside a suit by a financial planner alleging that American International Group Inc’s risky business harmed her clients, Dow Jones reported.
Wells Fargo’s Institutional Retirement and Trust division is offering retirement plan participants institutionally priced annuities on the Hueler Income Solutions platform.
The number of employers planning to offer annuities to participants in their defined contribution plans is expected to grow, according to a survey by Watson Wyatt.
Symetra Life Insurance Company has launched Retirement Passport Group Variable Annuity for the 403(b)/457 market.
In implementing its newly announced initiative to see how it can best facilitate the use of lifetime income investment vehicles in retirement plans, the U.S. Department of Labor (DoL) plans to release a formal request for information document in January.
The U.S. Department of Labor (DoL) said it is investigating how it can best encourage the use of lifetime annuities or other similar instruments.
The Principal Financial Group now offers Voluntary Long-Term Disability Employee Choice for income protection.
Seventy percent of surveyed Americans believe products with guarantees are worth the cost, according to a study about life insurance by Prudential Financial, Inc., an insurance provider.
Clients of fee-based financial advisers will now have access to the
Fidelity Personal Retirement Annuity (FPRA) product because of a new
alliance between Fidelity Investments Life Insurance Company (FILI) and
Target-date funds with high equity allocation at retirement have come under fire lately, but T. Rowe Price is sticking with its strategy.
Reports from Clark Consulting, Inc., provide clients a summary of the strengths and weaknesses of insurance carriers.
Edward Jones entered into a distribution agreement with Pacific Life Insurance Company, giving financial advisers access to a selection of Pacific Life’s protection and retirement products.
New York Life Insurance Company has turned to Tom Johnson as head of business development for Retirement Income Security.
The Phoenix Companies, Inc., has formed a distribution company, Saybrus Partners, Inc., which has agreed to provide life insurance consulting services for financial advisers at Edward Jones.
Redefining defined contribution (DC) plans will dramatically improve outcomes for plan sponsors and participants, according to a new white paper released by Prudential Financial.
Variable annuities are now more widely held than fixed annuities among nonqualified annuity owners, according to a Gallup poll.
Prudential Annuities, the domestic annuity business of Prudential Financial, Inc., announced Tim Seifert joined the company as a vice president and director of National Sales.