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Uncertainty about fluctuating interest rates and rapidly spiraling health care costs were cited as the two largest fears of both retirees and pre-retirees, according to a new survey conducted by the Schaumberg, Ill.-based Society of Actuaries.

“Opinions are continuing to move in a positive direction,” said American Century's Jennifer Sussman. “Social media is being seen as a trend with future potential.”

ING announced Friday it hired Orlando R. Cruz as president of its individual retirement investor channel.

While half of U.S. banks are aware of the opportunity with mass affluent investors and are busy enhancing their online capabilities, the other half believe they distinguish themselves from the Charles Schwabs of the world with in-person advice.

Michael McRaith weighs in on the status of the Affordable Care Act, and its impact on insurers.

Members of Congress need to suspend their political squeamishness on tax increases and allow the Bush-era tax cuts to expire in 2012 if they are serious about federal deficit reform, a research group reported Thursday.

Tax-exempt money market funds gained a bit, reversing last week’s losses by generating $137.8 million of new cash and pushing total net assets to $322.2 billion in the week ended March 21, according to the Money Fund Report, a service of iMoneyNet.com.

The OCC and Fincen issued a $7 million civil money penalty against Pacific National Bank of Miami for Bank Secrecy Act violations and failing to comply with a previous order.

Although bankers are likely to have significant concerns about the risk retention proposal due next week, they appear to have won at least one victory already.

If your clients are considering long-term-care insurance, you might steer them clear of the following typical mistakes.