Transamerica Life Insurance Co. announced the creation of Transamerica Agency Network, Inc., which joins together the agents of Monumental Life Insurance Co. and Life Investors Financial Group, Inc.
Nearly a quarter of 401(k) participants invest solely in target-date fundsa six-fold increase over the past five years, according to new Vanguard research.
A survey conducted by Yahoo! And FITNESS Magazine polled 2,000 men and women to see how they spend and save their money. It found that 40 percent of women have just enough cash to cover their monthly bills and nothing else.
The Financial Industry Regulatory Authority filed 1,488 disciplinary actions in 2011, a 13 percent increase over 2010, according to Sutherland Asbill & Brennan LLPs FINRA Sanctions Survey.
Target-date funds have become popular additions to 401(k) retirement plans because they offer convenience, portfolio choices based on a participants retirement age and a commitment device for future age-based equity balancing.
Better coordination between the DOL, IRS and Small Business Administration could help small employers better address the challenges of sponsoring a retirement plan.
Investor optimism surged in 2012, with 72 percent of those polled saying they are either better off or no worse off than they were nearly four years ago.
Prudential Group Insurance announced it will stop selling individual long term care products. Instead, it will focus solely on group long term care insurance.