Retirement industry trade groups don’t want deficit hawks to reduce the tax incentives for retirement savings. Last week’s Senate resolution affirming the status quo was a result of their lobbying efforts.
Idle talk about suspending the payroll tax is making 'blue' Senators blue. We get answers from Social Security expert Eugene Steuerle of the Urban Institute.
Using a 'protective net-credit collar,' the Nationwide Risk-Managed Income ETF has distributed monthly income at an annual rate of 7.88% in 2020, while appreciating 10%. Is there a catch?
The humble fixed indexed annuity is at the center of the restructuring hurricane that has swept through the life insurance industry in recent years. We bring you the second article in a series on the topic.
Federal Reserve chairman Ben Bernanke said the Fed still plans to suppress interest rates until at least mid-2015, even while tying any rate increase to a decline in the unemployment rate past 6.5%. The Fed's bond purchases will jump to $85 billion per month.
“Life insurers have weathered the financial crisis in terms of solvency but not in terms of profitability,” said analyst Mary Pat Campbell of Conning Research. Conning, Ernst & Young and Fitch Ratings have all issued new reports or commentaries on the U.S. life insurance sector.
A new report from Cerulli Associates analyzes pre-retiree, retiree, and post-retiree transactions and investor behavior, including a close look at IRAs.
America Today, Thomas Hart Benton's 10-panel mural celebrating national progress in the 1920s, had been on display in the lobby of AXA Equitable's New York City headquarters from 1996 until this year.
“We are very pleased to repay 100 percent of all that America invested in AIG plus a total combined positive return – or profit – of $22.7 billion,” said AIG president and CEO Robert H. Benmosche.
Allianz Life maintained its leading sales position with a 14% market share, followed by Aviva Security Benefit Life, American Equity, and Great American (GAFRI).
Brief or late-breaking items from or about Prudential Insurance, Phoenix Companies, Nationwide Financial, Lincoln Financial Group, Great-West Financial, New York Life, John Hancock Financial Network, Genworth Financial, Lincoln Retirement, and Cogent Research.