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AIG Reported in Talks to Sell Alico to MetLife
Wed, Jul 15, 2009
The sticking point in previous talks between AIG and MetLife was price. AIG reportedly demanded $20 billion, which was more than MetLife was willing to pay.
News
Feds Weigh Need for More Oversight of Stable Value Funds
Wed, Jul 15, 2009
The ERISA Advisory Council will look into the adequacy of disclosures to participants about stable value funds, and review the possible designation of stable value funds as QDIAs in 401(k) plans.
Proposed Watchdog Agency May Cross State, Federal Jurisdictions
Wed, Jul 15, 2009
Under the proposed Consumer Financial Protection Agency Act of 2009, the new agency would regulate the 14,000 investment advisory firms overseen by state securities regulators.
Michael Jackson Windfall for Dutch Pension Fund
Wed, Jul 15, 2009
The burst of interest in the pop legend's music following his unexpected death has benefited owners of his songs, including ABP, the world's third largest pension fund.
“Free-Lunch” Seminars Still Baiting Seniors
Wed, Jul 15, 2009
This time, indexed annuity sellers were not among the accused.
Fixed Annuity News Reported By Beacon Research
Wed, Jul 15, 2009
Average credited rates for 5-year, CD-type/rate-for-term annuities in Beacon's Fixed Annuity Index were 3.45% in April, 3.21% in May and 3.16% in June.
Richards To Leave SEC Compliance Post
Wed, Jul 15, 2009
Lori A. Richards will depart as director of the SEC's Office of Compliance Inspections and Examinations. Associate Director-Chief Counsel John Walsh will serve as Acting Director.
