In a new lawsuit, California's state pension fund blames the 'issuer pay system' at the top three rating agencies for part of its investment losses last year.
Many factors are driving the increase in indexed annuity sales: More manufacturers, better products, more distributors, competitive commissions, aging boomers, and relaxed regulation. But does the bubble contain the seeds of its own deflation?
Israel has found that even a mandatory defined contribution system can’t resolve all of the behavioral, economic, or administrative issues that prevent low-income and minority workers from saving for retirement. (Photo: Mahane Yehuda market in Jerusalem.)
This week, RIJ received a press copy of “What Advisors Want from Annuity and Insurer Providers-2019,” a study by Practical Perspectives, a Boxford, MA-based financial services market research firm.
Mary Schapiro told Congress she favors requiring broker-dealers and investment advisers to act solely in the interests of their clients when providing advice.
There have been 'egregious manipulations and conflicts of interest that go beyond what is generally known,' Weiss told RIJ.
LIMRA's survey shows an increase in the numbers of retirees who feel they need a personal financial advisor.
In fiscal 2008, the combined funds of the companies in the TP 300 fell from a $47 billion surplus to a $339 billion shortfall.
Brooksley Born, who warned about the impending crisis while head of the Commodities Futures Trading Commission, is among the sleuths.
NAVA's rebranding effort began last October, when Cathy Weatherford replaced Mark Mackey as the trade group's CEO and president.
But 'Helicopter Ben' said the Fed will take steps to avoid inflation, if necessary.
In its third-quarter market outlook report, the fixed-income giant shares its strategy for this year and beyond.