IFAwebnews » financial

Crawford & Co. finds new flexibility in amended credit agreement

Bob Graham — Fri, 06 Nov 2009 13:00:46 +0000

Crawford & Co. and its lenders have amended its existing credit agreement in a move company officials say gives it new flexibility and affirms its operational performance.

Crawford & Co. finds new flexibility in amended credit agreement via IFAwebnews.

Penn Millers board approves stock repurchase plan

IFAwebnews Staff — Wed, 04 Nov 2009 12:45:15 +0000

The Wilkes Barre, Pa., parent company of Penn Millers Insurance Co. plans to repurchase up to 5% of its issued and outstanding shares of common stock.

Penn Millers board approves stock repurchase plan via IFAwebnews.

Washington life insurer partners with Maryland software company

IFAwebnews Staff — Tue, 22 Sep 2009 10:53:17 +0000

Sterling Life Insurance Co., headquartered in Bellingham, Wash., has selected a Maryland company to optimize its financial operations.

Washington life insurer partners with Maryland software company via IFAwebnews.

Variable annuity, mutual fund, UIT sales net fines for five firms

Bob Graham — Thu, 30 Jul 2009 11:15:58 +0000

Five bank broker-dealers were fined a total of $1.65 million for bad supervision and procedures involving the sale of variable annuities, mutual funds or unit investment trusts, according to the ... Read →

Variable annuity, mutual fund, UIT sales net fines for five firms via IFAwebnews.

African Americans in D.C. lack financial plan, advisor, survey says

Jaime L. Brockway — Fri, 19 Jun 2009 11:00:36 +0000

A new survey co-sponsored by Nationwide Insurance indicates that African Americans in Washington, D.C., do not have specific financial plans, but are concerned about their financial future and are interested ... Read →

African Americans in D.C. lack financial plan, advisor, survey says via IFAwebnews.

CFP Board wants changes to target date fund rules

Bob Graham — Mon, 01 Jun 2009 10:55:42 +0000

As employer-sponsored retirement plans have increased their use, the Certified Financial Planner Board of Standards wants the federal government to prohibit target date funds from serving as default investments in ... Read →

CFP Board wants changes to target date fund rules via IFAwebnews.

Consumers not fixed on variable annuities

IFAwebnews Staff — Mon, 01 Jun 2009 10:45:16 +0000

Fixed annuities continue to outsell variable annuities, as people fear the rocky stock market.

For the second quarter in a row, fixed annuities outsold variable annuities $35.6 billion to $30.7 billion, ... Read →

Consumers not fixed on variable annuities via IFAwebnews.

Prudential head says people must plan for more than Society Security

IFAwebnews Staff — Fri, 29 May 2009 11:00:27 +0000

The potential for Social Security to be bankrupt by 2037 has the president of Prudential Retirement warning Americans to plan for more than that income stream for their retirement.

Christine ... Read →

Prudential head says people must plan for more than Society Security via IFAwebnews.

John Hancock promotes U.S. insurance division leader

IFAwebnews Staff — Wed, 27 May 2009 07:20:49 +0000

The president of John Hancock’s U.S. insurance division has been tapped to serve as president of John Hancock Financial Services, the U.S. division of Toronto-based Manulife Financial Corp.

James R. ... Read →

John Hancock promotes U.S. insurance division leader via IFAwebnews.

Debt mounts, but short-term financial concerns reign

Bob Graham — Tue, 26 May 2009 06:53:47 +0000

Three quarters of non-retirees are concerned about the amount of debt they expect to carry into retirement, according to a new survey.

Consumers fear the impact of short-term financial problems more ... Read →

Debt mounts, but short-term financial concerns reign via IFAwebnews.