Portfolio

While competitors struggled in 2009, Jackson National Life Insurance Co. reported its best year for annuity sales through banks.

But the organization remains strongly opposed to doing away with a steady net asset value, which is usually $1.00 per share, and is a fundamental feature of money market funds.

Premiums are down 12%, but with the cost of risk rising, life sellers should take the opportunity to prepare for a brighter future.

T. Rowe Price is looking to buy a stake worth $1 billion or more. T. Rowe Price, China asset management, James A.C. Kennedy

T. Rowe Price is looking to buy a stake worth $1 billion or more in China Asset Management, according to reports.

But uncertainty still reigns.

After the housing market crash, people are undervaluing the importance of home equity in their retirement savings.

The American investor is just as confused about this economic recovery as advisors are, according to data from Morningstar.

After one 2030 target-date fund lost 41% in 2008, legislators in Washington went up in arms against the fund category. One of the most controversial proposals would have limited equity exposure in such funds, but the industry fought back on the grounds the 40 Act gives asset managers leeway to determine asset allocation on their own.

Deutsche Bank survey: Investors are ready to put money back in alternative asset management firms