The current debate on reforming Social Security is focused almost exclusively on retiree benefits, and elected officials have generally said that disability benefits would be ôpreservedö or ôprotectedö under any reform plan that addresses the Social Security programÆs looming financial shortfall. However, in many cases when the Social Security Administration...
The census bureau finds that individual with family income of $50,000 or more account for 11 million individuals (or 25 percent of the uninsured) and is the fastest-growing segment of the uninsured. This report examines why this apparently high-income population does not have health insurance coverage. The most recent Census...
This paper examines the risk aspects of an investment-based defined contribution Social Security plan. It focuses on the risk after the plan is fully phased in. Individuals deposit a fraction of wages to a Personal Retirement Account PRA, invest these funds in a 60:40 equity-debt mix, and in a similarly...
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of A Excellent and issuer credit ratings of "a" for RBC Life Insurance Company RBC Life (Mississauga, Ontario) and RBC Insurance Group's RBC Insurance U.S. life insurance entity, Liberty Life Insurance Company Liberty Life (Greenville,...
Fund's Name to Change to AIM Global Core Equity Fund on July 24 HOUSTON -- Invesco Aim announced today a team of 13 investment professionals from Invesco Global Asset Management (N.A.), Inc., will provide new management leadership for AIM Global Value Fund. The...
Customized enrollment guide outlines individual retirement realities NEWARK, N.J. -- Prudential Financial, Inc. (NYSE: PRU) has debuted its Retirement Workbook, a newly designed personalized enrollment guide that delivers simplified, reader-friendly content for participants in defined contribution plans who are transitioning to Prudential Retirement or for...
BOSTON -- FundQuest has added five new products to their advanced Wealth Architect[TM] platform, including their newest investment product, ActivePassive Portfolios[TM]. Forty-eight advisory firms currently use Wealth Architect to provide fee-based open architecture investment services. These clients will also gain access to Russell Managed Model Strategies and...
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/2b0ab4/industrial_and_com) has announced the addition of the "Industrial and Commercial Bank of China ICBC - IT Sales Opportunities - 2008" company profile to their offering. Industrial and Commercial Bank of China Limited ICBC is a commercial bank. ICBC offers...
Prudential Retirement Presents "Better Outcome" Awards NEWARK, N.J. -- Prudential Financial, Inc. (NYSE: PRU) honored five plan sponsors for redesigning their defined contribution DC retirement programs to help plan participants achieve retirement goals. Faith Technologies Inc., VSP[R] Vision Care, Knauf Insulation, Rogers Corporation and the...
CHICAGO, July 8 /PRNewswire-FirstCall/ -- Morningstar, Inc. , a leading provider of independent investment research, and Lincoln National Corporation today announced that Lincoln Employer Markets, a division of Lincoln Financial Group, has launched MorningstarR Retirement ManagerSM, including Morningstar Associates' 401k managed accounts service. This offering...
QUESTIONS OF CASH ***Nectar offered me a free treat last year and I chose its offer of a sphereing session. But when I tried to book this with SphereMania, I was informed the voucher was only valid for one person and it was...
WINDSOR, Conn., July 1 /PRNewswire-FirstCall/ -- ING Group announced that it has received final regulatory approvals and today completed its acquisition of CitiStreet LLC, one of the premier retirement plan and benefit service and administration organizations in the US, which includes CitiStreet's Australian operations. The...
BOSTON -- FundQuest, a global provider of managed account investment solutions for financial institutions and advisors announced the recent hire of Adam St. Germain. Adam joined the Investment Management team as a Financial Analyst and member of FundQuest's Investment Committee. Adam will be a key investment research...
NEW YORK -- MetLife, the largest U.S. life insurer and a leading provider of employee benefits, today announced that it has enhanced its group life benefits portfolio by adding estate resolution services as a standard feature to its supplemental Term Life, Group Universal Life GUL and Group...
HARTFORD, Conn. -- The Phoenix Companies, Inc. (NYSE:PNX) today filed a Form 10 Registration Statement with attached information statement with the Securities and Exchange Commission SEC relating to the planned spin-off of its asset management subsidiary, Phoenix Investment Partners, Ltd., to Phoenix's stockholders. "Today's filing...
GREENSBORO, N.C. -- The Board of Directors of NewBridge Bancorp announced today the appointment of Pressley A. Ridgill to the position of Chief Executive Officer of NewBridge Bancorp, replacing Robert F. Lowe who recently announced he would retire as CEO on June 30, 2008. With the additional...
RetireReadySM IRA Annuity Product Offers Familiarity and Flexibility for Pre-retirees, Other Consumers RICHMOND, Va., June 30 /PRNewswire-FirstCall/ -- Genworth Life and Annuity Insurance Company and Genworth Life Insurance Company of New York, subsidiaries of Genworth Financial, Inc. , have launched a new RetireReadySM IRA...
Woodbury accounting firm launches nonprofit The Woodbury-based accounting firm Mayer & Co. is joining the roster of Long Island nonprofit organizations. The firm has launched Alliance of Family Businesses, an organization that helps family-owned business by teaching them strategies to...
Advent Software, Inc. (NASDAQ: ADVS), aleading provider of software and services to the investment managementindustry, today announced that it has been selected by TIAA-CREF, theleading provider of retirement services in the academic, medical andcultural fields, to build an innovative service to address new regulatorychallenges faced by 403b retirement plan...
NEW YORK, June 25 /PRNewswire-FirstCall/ -- Andrea Nitzan has been elected Senior Vice President of Expense Management for AXA Equitable Life Insurance Company, the primary U.S. life insurance and savings subsidiary of the global AXA Group. The announcement was made today by Richard Dziadzio, Chief Financial...
Articles 2008-06-25
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