The House Passes Financial Regulation Without Republicans
The bill consolidates several existing federal agencies into a single Consumer Financial Protection Agency that would set rules on credit cards, mortgages and loans.
Ally, Ally, InFRE
The International Foundation for Retirement Education, directed by Kevin S. Seibert, CFP, has been certifying retirement advisors since 1997. Now the certifier itself is certified.
Letting the GLWB Out of Its Cage
The "Ruin-Contingent Life Annuity" proposed by Moshe Milevsky's QWeMA Group would liberate the guaranteed lifetime withdrawal benefit from the confines of variable annuities and separately-managed accounts.
New Retirement Team at BoA Merrill Lynch
Andy Sieg's Retirement & Philanthropic Services division is responsible for over $450 billion in client assets.
Financial Industry Wants Fed As Its Watchdog
The Federal Reserve "is the financial fire department... to which financial institutions and markets naturally turn in time of crisis," say the leaders of MetLife, Goldman Sachs and other...
Allotted $700 Billion, TARP May Cost Far Less
Democrats plan to divert about $70 billion from what is left in the bailout fund to construction projects, credit to small businesses and aid to state and local governments.
More Advisors Using Bucket Methods—FPA
Almost half of the planners surveyed also said they gained between four and ten new retirement income clients in the last year.
Proposed Law Would Give Annuity Estimates to 401(k) Participants
The measure is patterned on the Social Security Administration's annual statements, which since 1989 have informed working Americans of estimated monthly benefits based on their current earnings.
Estate Tax Extension Awaits Senate Vote
With passage by the House, the bill now has to make it through "the gauntlet that is the Senate."
Conning Research: Individual Annuities Rebound in 2009
“This does not mean a return to normal for individual annuity insurers; even after the record gain, the line still experienced an $11 billion net loss over 2008 and...
It’s Reigning Buckets
Envestnet's new PlanHorizon income distribution method resembles other 'bucket methods' like IFLM and RetireSense, but also integrates the bucket method into the firm's full-service investment and administrative platform for...
IRI Says It’s “Time to Feel Free” Again
With its first-ever web video, the Insured Retirement Institute says as much about its own post-NAVA makeover as it does about the hipness of guaranteed retirement income. The one-minute...
Transport Firm Taps The Principal for 401(k) Services
Swift Transportation owns the largest fleet of truckload carrier equipment in the United States, with almost 16,000 vehicles operating from 40 major terminals in 26 states and Mexico.
TIAA-CREF CEO Suggests Five Principles of Retirement Security
"A holistic retirement system should provide an affordable fixed annuity that guarantees enough income to help meet basic needs," said Roger W. Ferguson, Jr.
Nuances of Insurance Wholesaling Revealed
Agents prefer different business practices depending on their years in the industry and whether they're captive or independent, a Mintel survey shows.
Allianz Life’s New Index Annuity Offers Multiple Income Options
With a bonus, a roll-up, three crediting methods, four index options and up to five payout choices, this product gives investors plenty to think about.
FundQuest to Carry Fidelity’s No-Frills Variable Annuity
The alliance marks the first time Fidelity's annuity and insurance business has expanded its distribution through a turnkey asset management firm.
