Vanguard Posts Record Cash Inflow of $130B
The figure exceeds the previous industry record of $129.6 billion set in 2008 by JPMorgan, according to Strategic Insight data.
FSI Endorses Senate Bid to Preserve Retirement Tax Incentives
As fiscal cliff talks stagger on, independent broker-dealer group praises Senate Concurrent Resolution 62, and points out that taxes on retirement plans are only deferred.
Hurricane Sandy: What Comes Next? A Roundup
The winds and storm surges of Hurricane Sandy may have died down, but the long slog of sorting out the damage has just begun. Here are some perspectives from our sister site, PropertyCasualty360, on what comes next.
Sandy Rips Through East Coast: The Aftermath
Some coastal areas saw record storm-surge flooding, while strong winds knocked out power to more than 7 million customers in 15 states.
AIG Stock Sale Could Trigger Federal Regulation
American International Group is on the verge of becoming the first insurance holding company ever regulated by the federal government.
Supreme Court Upholds Health Care Law
In a surprise, Chief Justice Roberts joins 5-4 opinion, justifying ruling by calling individual mandate a tax and not a penalty as stated in the law.
GAO Criticizes FINRA, SEC on Oversight
Serious questions are being raised about the effectiveness of FINRA and whether the SEC spends enough time overseeing this self-regulatory agency.
Jackson Acquires SRLC From Swiss Re
Jackson National Life Insurance Co. has acquired a U.S. subsidiary of Swiss Re for $621 million in an effort to grow its traditional life insurance servicing business.
LIMRA: Individual Life Sales Improve in Q1 of 2012
Total individual life insurance premium grew 3% in the first quarter of 2012 compared to the prior year, according to a new report.
SunAmerica Reshapes Its Distribution Channels
AIG’s SunAmerica Financial Group unit is reorganizing to consolidate and expand its distribution channels.