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In lockstep with a broadened direction by insurance firms to strip off the complex bells-and-whistles riders and bonuses of the recent past and to issue packaged retirement income solutions-and meet the demands of the new buzzword: decumulation-the other publication I edit, Annuity Market News just relaunched on Friday as Retirement Income Reporter.
February 5
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Whether youre a NY Giants fan or a New England Patriots fan, one thing was clear. Super Bowl XLII was pretty much devoid of financial services advertising fluff while beer, soft drink and car ads dominated, as usual.
February 5 -
Learning about finance and how to manage your money is like learning a new language.
February 5 -
Fidelity Investments announced that it plans to lay off about 250 employees as part of a restructuring of some of its units.
February 5 -
Scotia Securities Inc. said today it will expand the lineup of its Scotia Funds with the introduction of a new class of funds to be called the ScotiaFunds Advisor Class.
February 5 -
Money market mutual funds that put cash into investments tied to the mortgage crisis and subprime debt saw huge gains last year, growing by more than 30% to $3 trillion, according to the South Florida Sun-Sentinel.
February 5 -
The number of brokers and financial advisors considering switching to another firm is expected to nearly double in 2008, up to 9% from 5% in 2007, according to a study released Monday.
February 5 -
Raymond B. Lang has been appointed the new chief executive officer of Fund.com Inc., replacing founder and director Daniel Klaus.
February 5 -
Weekly reporting municipal bond mutual funds had a net inflow of $468 million during the period ending Jan. 30, AMG Data Services reported. The results were down slightly from a $513 million inflow the previous week, but represent the fourth week of inflows following eight straight weeks of outflows, according to the Arcata, Calif.-based fund tracker. The category represents about 73% of all muni bond funds because it excludes those that report monthly.
February 5 -
WASHINGTON-Democratic leaders of the House Financial Services Committee are exploring creating a federal regulator or modifying a multi-state compact to increase oversight and provide more uniform standards for insurers of municipal bonds and other financial products.
February 4