Variable Annuity Study Finds No Fees for Most Partial Withdrawals, Cash-Outs
VA surrender charges that investors actually pay are considerably lower than the fees listed in prospectuses, the report found.
SEC, FINRA Enforcement: 2 Busted for Selling Fake ‘Charitable Gift’ Annuities
Meanwhile, the SEC busted a $114 million Ponzi scheme involving driver safety technology.
Bill Gross: ‘Zombies’ Roam Economy Thanks to Low Interest Rates
“Low interest rates are not the cure — they are part of the problem,” Gross writes in his latest outlook.
Top 5 Fastest Growing Consumer Complaints
Thirty-seven agencies in a survey received a total of 281,639 complaints last year, including tax-related fraud.
For the Wealthy, It’s Hard to Find Good Help
Family offices are hiring household help for high-net-worth clients — but should they get involved?
Banks Line Up for Dot-Bank Domain Names to Help Prevent Cyberattacks
The domain extension offers enhanced security features, including strong encryption and verification requirements.
Sophisticated Cars, Sophisticated Risks
Automobiles are more high tech than ever, but they also usher in new financial risks for their owners.
Pension De-Risking Now Has IMF’s Attention
The trend of de-risking corporate pension plans calls into question the viability of the insurance companies that assume the obligations, an IMF report says.
SEC Enforcement: Napkin-Eating Broker Settles; Ponzi Funds Used for Porn
Also, a hedge fund manager admits to providing bad data, which affected recording of 552 million shares.
Global Alternative Assets Jumped to $6.3 Trillion in 2014
The world’s 100 largest alternative investment managers had $3.5 trillion in assets under management in 2014.