Wealth Management
Top stories summarized by our editors
9/17/2018

A Preqin survey found allocations to alternative investments likely to expand in the next 12 months, with infrastructure the area in highest demand.

9/17/2018

A survey conducted by East & Partners for HSBC Holdings found two-thirds of institutional investor respondents have environmental, social and governance polices in effect, while about half of companies in the survey said they have ESG policies. Just 10% of the survey's 1,731 respondents, however, said they know of ESG-reporting guidelines set by the Task Force on Climate-related Financial Disclosures.

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ESG, HSBC Holdings
9/17/2018

The Insured Retirement Institute will work to have provisions to give Americans greater access to guaranteed lifetime income added to the retirement legislation passed by the House Ways and Means Committee, said Cathy Weatherford, IRI's president and CEO. "We should not miss this opportunity to do more to significantly boost retirement security," she said.

9/17/2018

The increased contributions made by defined-benefit pension plans to take advantage of a recent tax incentive have brought many plans closer to shifting their pension liabilities to group annuities, says Bruce Cadenhead, vice chairman of the American Academy of Actuaries' pension committee. "A lot of pension plans have been frozen in recent years, so for many plan sponsors, if the plan is frozen, then you're thinking about, 'How can I terminate the plan, buy annuities and just be done with this obligation?' " he notes.

9/17/2018

A subsidiary of Genworth Financial is asking holders of its senior notes for permission to change the terms of the note. The company wants to add Genworth Life Insurance and Annuity Co. to a list of entities for which a regulatory action would not be counted as default event.

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Genworth Financial
9/17/2018

The stock market crash of 2008 changed the way people invest, experts say. Investors now put more money into bonds and index funds and less into actively managed funds, while fees on most investments have dropped

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The Associated Press
9/17/2018

The fact that millennials are skilled in financial technology does not help their ability to manage finances, according to a study by the TIAA Institute and the Global Financial Literacy Excellence Center. The study finds older millennials have higher financial literacy than younger millennials do.

9/14/2018

Retirement -- and the free time it brings -- can mean profound changes for a person's life. Retirees should consider factors related to social relationships, housing and other topics.

9/14/2018

Mary Beth Franklin recounts the experience of a widowed friend who was incorrectly told three times by Social Security representatives that she could not take survivor benefits because her own benefits were larger. An internal report by the Social Security Administration found that widows and widowers received incorrect information from agency representatives 82% of the time.

9/14/2018

Symetra Life Insurance has contracted to transfer liability for all of the company's structured settlement annuities and a block of income annuities to the reinsurer Resolution Re. The contracts to be reinsured had $5.7 billion of total statutory reserves at the end of last year, according to the companies.

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Reinsurance News
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Symetra Life Insurance, Symetra