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With growing resistance to the high price of cutting-edge treatments, some companies are working on a new payment model that rewards them for the long-term performance of their medicines.
He sold stock and debt to help the insurance company repay its $3.4 billion bailout, and retreated from life insurance and variable annuities.
Eighty-four percent of adults polled in a new TIAA-CREF survey want a guaranteed income stream in retirement, yet only 14 percent have purchased an annuity.
Prudential Financial posted a fourth-quarter loss of $1.46 billion on costs tied to restructuring, currency fluctuations and reserves.
After excluding households that had saved nothing, the median account balance of people 55 to 64 was $104,000, says a report by the Center for American Progress.
Advisors should consider new strategies for clients
who needlessly worry about running out of money.
The Insured Retirement Institute, the largest annuity trade group, on Tuesday laid out its 2015 “wish list” for Congress and federal agencies.
Senate Finance Committee Chairman Orrin Hatch said Tuesday the committee will work to shift fiduciary rule making for retirement plans from the Labor Department to the Treasury Department.
A New York broker who participated in a scheme to profit from the death of terminally ill patients through variable annuity sales must return $768,000, says SEC judge.
Annuities provide many accumulation and distribution options—at a cost.
A person who believes a huge financial gamble is about to pay off experiences the same brain activity as in one about to get a hit of cocaine, and the thought of a financial windfall is even more powerful than the sight of a naked body, he writes.
The national debate fanned by President Obama over new fiduciary standards for financial advisors shows that the country is veering too much toward punishment, says expert Donald Trone.
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