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Genworth Financial Announces 1Q 2010 Results

by Editorial Staff

Wed, May 05, 2010

The Richmond-based company reported net income of $212 million in the first quarter of 2010 (before provision for non-controlling interests), compared to a loss of $469 million in the first quarter of 2009.

Lincoln Financial Group Profitable So Far in 2010

by Editorial Staff

Wed, May 05, 2010

The Individual Annuities segment reported operating income of $119 million in the first quarter of 2010, up from $74 million a year ago, reflecting a 34% increase in average annuity account values.

ING Responds to Income RFI

by Editorial Staff

Wed, May 05, 2010

Some of the administrative burdens that come with carrying annuities need to be eased in order to attract more employers to offer these types of products, ING said.

US Mutual Fund Inflows On Record Pace

by Editorial Staff

Wed, May 05, 2010

Worldwide, mutual fund investors have added nearly $1.4 trillion of net flows to bond and stock funds since March 2009's market bottom, according to Strategic Insight's Simfund databases.

TIAA-CREF Comments on Retirement Income

by Editorial Staff

Wed, May 05, 2010

“One of the disadvantages of in-plan options is that Qualified Joint Survivor and Annuity (QJSA) rules can often be cumbersome, confusing, and difficult to administer," said the TIAA-CREF brief.