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Clear guidance and safe-harbor relief would ease industry concerns, Goldbrum says.

It is not often one hears someone nicknamed “Wild” Bill exhorting patience.

Bankers may be unable to stop a tax if it does get added to the legislation because Democrats view it as a way to ensure the reform bill saves the government money and Republicans consider it politically risky to oppose.

Maintaining a competitive environment is critical to the continuing development of new lifetime income solutions for employer-sponsored retirement plans, the SPARK Institute said in a joint letter to the Department of Labor and the Department of Treasury.

Morningstar Inc. has completed its $42 million acquisition of Realpoint LLC, a Nationally Recognized Statistical Ratings Organization (NRSRO) that specializes in structured finance.

Connecticut Attorney General Richard Blumenthal recently filed suit against a bank and local money manager who served as custodians for two feeder funds that invested with convicted Ponzi-schemer Bernie Madoff.

The Valley Forge, Pa., company's decision comes just a few months after a similar move by Charles Schwab.

More than 25 investment managers have already signed on to the platform.

Sales of the product surged last year as many investors began to worry about outliving their savings.

Indexes will focus on required business performance standards required to support their current stock prices.

Industry net income noted as the single-largest factor in the 2009 improvement.

Large banks have repeatedly prevailed in battles to preserve federal preemption in Congress and the courts, but that victory string is likely to be broken by the regulatory reform bill being debated in the Senate this week.

Dow Jones has added four new indexes to its growing family of required business performance (RBP) indexes. The new indexes are designed to measure the likelihood that companies can deliver the performance required to support their current stock prices.

It used to be that dividend-paying stocks and stock funds were seen as fit only for orphans and widows. But following the market volatility of 2008 and the current uncertainty of the low-yielding bond market, investing in companies that pay dividends is now seen as a prudent choice.

Connecticut's financial hub is struggling to rebound in the wake of the recession, but planners hope the area's relatively low real estate rates and high vacancies could attract jobs back to the area.

Overall sales of annuities though bank holding companies were up slightly at $2.62 billion in 2009, according to the latest Michael White-American Bankers Insurance Association Bank Annuity Fee Income Report. The results, however, were skewed somewhat by BHC-in-name-only Morgan Stanley.

Women are living longer, but that doesn’t necessarily mean they are prepared for the risks of longevity.

Two veterans of the hedge fund world are touting a product they say lets advisers focus less on investment decision-making and more on business development and client service.

Jackson National Life Insurance has expanded the sub-accounts available for its variable annuities and variable universal life products with the addition of six of the funds in the American Funds Insurance Series.

Ameriprise Financial has put the finishing touches on its nearly $1 billion purchase of Bank of America’s long-term asset management business Columbia Management. The original agreement dates back to last September.