Fewer women than men have formal investment plans in place for retirement and are less likely to be putting money away, a new study finds.

National Financial Partners Corp. said its current chief operating officer will replace its CEO, Jessica M. Bibliowicz, who said she would step down next year.

The Hartford’s decision to leave the individual annuity market doesn’t mean the insured retirement industry is struggling, according to the Insured Retirement Institute (IRI).

Marsh & McLennan Agency’s mid-Atlantic region will have expanded employee-benefits services with its acquisition of KSPH LLC of Glen Allen, Va.

Annuity sales in 2011 grew 7.7%, fueled in large part by a 28% increase in net variable-annuity sales during the year.

Many middle-income baby boomers are waiting to retire until they are eligible for Medicare, yet more than half admit to knowing little or nothing about the program, a new study says.

Nearly half (49%) of 401(k) plan sponsors are offering features to automatically increase participants’ contributions as they seek to improve their employees’ preparation for retirement, a new Deloitte study finds.

Liberty Life Insurance Co., which has a significant presence in Wilmington, Del., changed its name to Athene Annuity & Life Assurance Co., effective Feb. 1.

A Cleveland, Ohio-based business services provider bought the employee benefits and retirement section from Advantage Benefit Planning (ABP), based in Pleasantville, N.J.

Annuity sales are being influence by increasing emotion and a desire by buyers to secure their retirement, not accumulate wealth, a new report finds.