Target-date funds are the most prevalent default investment option for automatic enrollments at large-size companies, according to a Towers Watson survey.
A financial advisor who provided guidance to several Hollywood stars now faces federal charges in what officials say was an elaborate Ponzi-like scheme to cheat his clients out of $30 million.
The friction between investors looking for opportunities and insurance companies whose products inadvertently provide those opportunities is forcing a hard look at stranger-originated annuity transactions (STATs), according to an industry expert.
Insurance agents and financial service professionals many find themselves increasingly in the crosshairs of business owners looking to save their businesses, a lawyer in Massachusetts is warning.
An organization representing about 75,000 financial planning professionals “strongly urged” the U.S. Senate Banking Committee to include financial planner consumer protections that include increase regulation, oversight and competency and ethics standards for anyone calling himself a “financial planner.”
Just about half of consumers say building a retirement fund is one of their most important financial concerns, a new survey finds, yet the majority do not have a written financial plan in place.
As an insurance agent for the past 15 years, I have never been more satisfied with my job of helping our seniors maneuver through the enrollment process of Medicare.