News

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  MetLife moving offshore captive to the U.S., lowering risk profile

  By Arthur D. Postal, Elizabeth D. Festa  |  May 21, 2013

  MetLife is merging three U.S. life insurers and a captive reinsurer “to create a larger, well capitalized U.S. life company.”

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  Lew hopes to accelerate pace of Dodd-Frank work

  By Elizabeth D. Festa  |  May 21, 2013

  When SIFI designations are made, it could still be some time before the public is made aware, according to Lew.

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  NH insurance commissioner reappointed

  By Arthur D. Postal  |  May 21, 2013

  Roger Sevigny's appointment now awaits final approval from New Hampshire's Executive Council.

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  Variable annuities getting more variable

  By Maria Wood  |  May 20, 2013

  IRI panelists: Change was a constant in the variable annuity world in 2012.

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  Advisors find retirement income planning a challenge

  By Warren S. Hersch  |  May 17, 2013

  Four in 10 financial advisors say having retirement income discussions with clients is very or somewhat challenging.

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  West Virginia files 69 unclaimed property suits

  By Arthur D. Postal  |  May 17, 2013

  Different from those in other states, the suits demand payment of penalties and punitive interest.

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  Lawyers: RI client truthful when he pleaded guilty

  By AP Staff Writer  |  May 17, 2013

  The fraud case involves the use of variable annuities and so-called “death put” bonds that would pay out when a person died.

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  House chairman sees IRS errors as part of pattern

  By Alan Fram, Stephen Ohlemacher  |  May 17, 2013

  A top House Republican charges that the IRS's tougher scrutiny of conservative groups seems part of a broader pattern of intimidation and cover-ups by the White House.

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  House bill to require SEC, DOL fiduciary collaboration

  By Melanie Waddell  |  May 16, 2013

  SEC Chairwoman White noted the DOL would “ultimately make its own independent decision” regarding its fiduciary rule.

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  Most 401(k) plan sponsors use social media

  By Warren S. Hersch  |  May 15, 2013

  The use of social media for 401(k) information is highest among mid-sized plan sponsors, who represent plans with total assets of between $20 million and $100 million.