AIG and ING Sell Units to Raise Cash
Wed, Oct 14, 2009
Both firms are divesting major subsidiaries to pay back billions extended to them by the U.S. and Dutch governments, respectively.
News
Sun Life VA Sales Up 35% At Mid-Year
Wed, Oct 14, 2009
Sun Life was the fifteenth largest seller of variable annuities in the U.S. in the first half of 2009, with $1.4 billion in sales and a 2.3% share of the VA market.
J.P. Morgan Adopts FundQuest’s Advisor Gateway™ Platform
Wed, Oct 14, 2009
The program uses FundQuest's reporting, portfolio modeling, fund selection, and rebalancing technology.
New White Paper Describes New Normal
Wed, Oct 14, 2009
“The latest downturn shows that asset allocation alone is not enough," said LIMRA CEO Bob Kerzner.
In the U.K., Are Pensions a Retention Tool, or Just a Compliance Chore?
Wed, Oct 14, 2009
Only 55% of working Britons participate in a company pension “scheme” or plan, a survey by Blackrock and the Chartered Institute of Personnel and Development showed.
Cash-strapped Firms Hope to Delay Pension Funding Mandates
Fri, Oct 16, 2009
Three legislative proposals would allow companies to make interest-only payments for two years on their 2008 losses and then amortize pension shortfalls over the next seven years.
A Third of DC Plans Have Auto-Enrollment—Mercer
Fri, Oct 16, 2009
While 74% of employers have a targeted employee participation rate of 80% to 100% percent, only half have achieved that goal.
U.S. Life Settlements Activity Flat in 2008
Fri, Oct 16, 2009
“The economic crisis was the major impediment to growth in the United States life settlements market in 2008," said Scott Hawkins, analyst at Conning.
Retirement Planning a Challenge for Hispanic Americans
Fri, Oct 16, 2009
Only 25.6% of Hispanics are covered by employer-sponsored retirement plans, compared to 42.5% of whites and 40% of African-Americans.
