Merrill Lynch’s Intentions are “Clear”
"I want to be careful not to call it a product or a service. It’s an approach,” said David Tyrie, head of Personal Wealth and Retirement at Merrill...
Company/Trade Group News
Symetra doubles its YOY sales of deferred and immediate annuities in 1Q2014
Higher interest rates and wider distribution of Symetra Financial's annuity products through banks and broker-dealers helped improve sales of fixed index and traditional fixed annuities, the company said in...
TIAA-CREF buys Nuveen Investments
Nuveen will operate as a separate subsidiary within TIAA-CREF’s Asset Management business. The transaction gives TIAA-CREF two mutual fund complexes with aggregate AUM of $181 billion.
Publicly traded life insurers repurchased $4.9 billion in shares in 2013: A.M. Best
Some of the repurchase activity in 2013 was driven by the 67% increase in life/annuity share prices and the desire to offset the dilutive effect of in-the-money stock options...
