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AXA study finds 78% of Americans are interested in income guarantees amid an economic downturn.
Those That Weather Storm Will Emerge Bigger, Stronger
J.P. Morgan, PNC, Principal Financial Take Top Honors
Shift a result of BoA’s $50 Billion Acquisition of Merrill
Active Diversified Portfolio Will Be Managed By Wilshire Associates
Slowly but steadily, the Securities and Exchange Commission continues on the long journey toward adopting international tax and accounting standards, with the recent release of its long-anticipated roadmap. The proposed roadmap is nothing less than a monumental undertaking. Its aim is to facilitate the switch of all U.S. companies from the rule-based, U.S. Generally Accepted Accounting Principles (GAAP) to the principle-based International Financial Reporting Standards (IFRS) currently used by more than 100 countries around the world.
PALM BEACH, Fla. - Capturing 401(k) rollovers has been top of mind for mutual fund companies for years. Now, with billions of dollars flowing out of equity funds, $682 billion in September alone, mostly into cash, capturing 401(k) rollovers and moving money out of cash and safe bets back into equities is the name of the game. For years, financial experts have been trying to figure out how to capture the trillions of dollars in assets being rolled over into Individual Retirement Accounts by retiring investors and job changers every year, but they have been continually stumped by investor behavior.
Few people know as much about mutual funds as Matthew P. Fink. For more than 40 years, Fink dedicated his career to serving the industry and its 88 million shareholders through his work for the Investment Company Institute, serving as its president from 1991 to 2004. Now in retirement, Fink has written 'The Rise of Mutual Funds: An Insider's View' (Oxford University Press, October 2008), the first comprehensive, historical look at this $11 trillion industry, starting with its inception in 1924 and chronicling its rise and evolution through decades of changing regulations and public interest.
LAS VEGAS - Unified managed accounts (UMAs) are quickly becoming a popular and viable option for Baby Boomers looking for more diversification in retirement, but the plans still have a lot of work to do in order to overcome certain hang-ups. For one thing, there is still a lot of confusion among average investors about what UMAs are and why they are beneficial, but once investors understand them, they seem to want to have them.
Taking dead-aim at Middle America, Allstate Corp. has added guaranteed lifetime withdrawal benefits to its target funds. The product, 'Guaranteed Lifetime Income,' follows a number of guaranteed minimum lifetime withdrawal benefits linked to managed accounts aimed at the high-net-worth.
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