Amvescap benefited from the ongoing speculation amongst dealers during Thursday trading in London, just one day after the firm announced a reduced dividend for the fourth quarter. On Wednesday, in the wake of the firms giant $451 million settlement with U.S. regulators over abusive market-timing arrangements at its two units, Amvescap announced that it would pay only half the dividend it had the previous year.
The insurance products began 2024 in much the same way as 2022 and 2023: with record-breaking sales.
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Financial advisors, tax professionals and their clients get another year to think through potential tax, distribution and trust strategies, according to experts.
The Wall Street giant has been moving away from providing in-house retail investment advice to finding ways it can support smaller firms.
The IRS and the Treasury released final regs on the tax credits, with specific rules for partnerships and S corporations.
Here's how commenters such as the AARP, SIFMA, FSI, the Consumer Federation, NAPFA, the CFP Board and others view the Department of Labor's retirement advice regulation.
