Cyril Tuohy is a writer based in Pennsylvania. He has covered the financial services industry for more than 15 years. He can be reached at [email protected].
Those in younger age groups are less certain than their elders of their investment knowledge, but those younger investors also were less likely than their elders to have a financial advisor.
The first quarter of 2017 was the most active one ever when it came to mergers and acquisitions among registered investment advisors.
An extended period of low interest rates has put pressure on the 4 percent rule as well, as retirement income portfolios find it difficult to eke out gains without taking on more risk.
The spinoff of Brighthouse Financial, MetLife’s retail distribution arm, will take place sometime after the first half of the year.
Variable annuity sales plunged by 21 percent last year over 2015, but the drop could be over, some analysts predict. A resolution to the Department of Labor fiduciary rule would help.
Voya Financial credits new products, expanded distribution and higher agent productivity for strong first-quarter numbers.
Genworth Financial received 11 long-term care rate increase approvals from eight states in the first quarter 2017, part of an aggressive plan to make its LTCi business profitable again.
Pilot programs for agent retention appear to be working at CNO Financial. The results show up on the company’s recent bottom line.
Insurers and distributors will benefit from lowering tax rates and eliminating the estate tax as part of a broader emphasis on encouraging the growth of small and midsize businesses.
Unum Group beat first quarter Wall Street estimates this week with the help of strong sales from supplemental and voluntary segments at Unum US and Colonial Life.
But it was the “agent story” at the company’s Liberty National subsidiary that caught the attention of the Wall Street number crunchers.
More than one out of five workers who accepted a lump sum from their employer-sponsored retirement plan have depleted it, a survey found.
American Equity executives say they remain committed to the independent agent channel and cite market conditions for a dip in fixed indexed annuity sales at the end of last year.
Bank annuity sales in the third quarter reached a record $937 billion, but the other three quarters were among the six smallest quarters in the last five years, a new report finds.
Allianz Life, the nation’s No. 1 seller of fixed indexed annuities, saw its FIA sales more than double over its next closest competitor last year.
John Hancock long-term care policyholders will be notified of premium increases of 15-25 percent beginning next week.
Lincoln Financial Group will raise prices Monday on new sales of MoneyGuard II, the company’s popular linked-benefit product. To qualify for current pricing, agents need to respond by 6 p.m. today.
In 2013, Jackson wrested the lead in variable annuity sales from Prudential. Jackson hasn’t looked back since.
Fidelity & Guaranty Life first quarter fiscal year net income soared 125 percent to $108 million on the strength of life and annuity sales and investment income.
A new medically underwritten single premium immediate annuity by Genworth will be able to model income estimates for agents/advisors. The product is one of a new class of hybrid annuities designed to cover long-term care.
