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 of the decisions presented here are beyond the skills of most pre-retirees and retirees,' writes the author, a research scholar at the Stanford Center on Longevity. 'They’re going to need help.'
Bond mavens, check this out. A new SEC report describes how most of the $54-trillion dollar U.S. credit market survived last spring's financial crisis. It covers securitized 'leveraged loans,' which provide high-octane fuel for fixed indexed annuity issuers.
'Insurers can't remain wedded to product sales, which are becoming commoditized in a future that trends toward financial advice,' says industry veteran Michelle Richter, who just launched Fiduciary Insurance Services, LLC.
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.