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AIG Mending, But Still Dependent, GAO Says
Wed, Apr 28, 2010
"The sustainability of any positive trends in AIG's operations depends on how well it manages its business in this current economic environment," said a new GAO report.
Industry Views
401(k)s: They’re Not (Necessarily) Just for Employees Any More
A growing number of 401(k) plan sponsors, retirees, record keepers and regulators want retirees to stay in their plans well into, or even straight through, retirement, PIMCO has found.
Industry Views are special reports that are sponsored and independent from RIJ's editorial content.
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News
Wells Fargo Tops Bank Annuity Fee Chart
Wed, Apr 28, 2010
Wells Fargo & Co. accounted for $678 million, or almost 26%, of bank annuity fee income in 2009, thanks to its acquisition of the perennial leader in bank annuity sales, Wachovia Bank.
New Stable Value Unit at New York Life Investments
Wed, Apr 28, 2010
Aruna Hobbs, who joined New York Life in November 2009 from AEGON Insurance, will lead the new unit.
Financial Reform Bill Blocked, But Derivative Bill Proceeds
Wed, Apr 28, 2010
Under an Agriculture Committee-backed bill, insurers who use derivatives to hedge against interest rate risk would have to use standardized derivatives contracts listed on exchanges.
Vanguard Sees Institutional TDF Flows Triple in Five Years
Wed, Apr 28, 2010
Participants in Vanguard-administered plans put $21.4 billion into target-date funds in 2009, up from $680 million five years earlier.
Life Insurer Capital and Surplus Grew in 2009
Wed, Apr 28, 2010
“Robust equity markets” markedly improved earnings in both group and annuity operations.
