Sun Life Financial's decision to unload its U.S. annuity business through a sale to Guggenheim Partners may expose some of the difficulties in financing the products.
As the government reaches for more revenue to avert the fiscal cliff, new limits on tax expenditures could reduce potential 401(k) contributions by 65 percent.
A claim by former Waddell & Reed brokers that they were employees of the firm has been summarily dismissed by a U.S. District Court in Southern California.
Commodities prices are famously unpredictable, but many on Wall Street are nevertheless predicting these investments can only continue to lag as a result of the global economic slowdown.
Despite improvement in nonprofit retirement plans, financial advisors are needed to close the still yawning gap between 403(b)s and their corporate cousins, 401(k)s.