SunAmerica Financial Group is restructuring its life insurance and retirement services divisions as it seizes “a unique time for opportunity, change and growth.”

The Hartford is giving up on individual annuities, saying it will run-off its individual annuity business and either sell or seek other alternatives for its individual life, financial services and retirement plan segments.

Investors, despite showing optimism for the investment climate in the next six months, continue to invest cautiously, according to a new survey.

Fidelity Investment lost its top-dog status as the number one distributor and mutual fund provider to rivals Charles Schwab and Vanguard, according to a new report.

A federal court in Connecticut has approved a partial settlement in a class-action civil suit involving the handling of 401(k) plans by Hartford Life Insurance Co.

Fringe Benefit Group, based in Austin, Texas, has added the Nationwide Retirement Clear Advantage platform to clients through The Contractors Plan, its wage benefit program.

Adam Bonsky, executive vice president of …  Read →

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 →