The mutual fund and insurance companies that marketed to these plans failed to realize that the products they designed to be sold to defined contribution plans had to meet higher applicable fiduciary standards.
Indeed, the Casey Institute has yet to find a single U.S. investment bank, public pension fund, mutual fund or insurance company which includes a national security-related review in its "due diligence" assessments of emerging market entities.
Unbeknownst to most American investors, significant portions of their public pension, mutual fund, life insurance and private portfolios are comprised of stocks of privately held companies that partner with state-sponsors of terror.
Nikko's 128 local branches would make great conduits for Citigroup's securities, mutual fund, banking and insurance products.
HP's software, for instance, helped John Hancock Financial Services, the insurance and mutual fund company, figure out that 1, 000 of its PCs went unused.
We have endured the research analyst, mutual fund, and property and casualty insurance bidding scandals.
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"Bank employees were directly receiving incentives from third parties such as insurance, mutual-fund" companies, the RBI said.
The insurance pool is the Mutual Mortgage Insurance (MMI) Fund and a Congressional mandate requires that this fund maintain a 2% reserve.
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The first group has historically not been agents of change and includes all the big investment managers: mutual fund companies, ETF funds, insurance companies and separate account managers.
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If your earnings are more modest, you may be able to use an off-the-shelf "defined contribution" plan from a mutual fund company, broker, bank or insurance company.
Insurance companies, too, have responded to the mutual-fund threat by developing their own retail funds, usually packaged in a life-insurance wrapper.
Research analysts, insurance brokers, stockbrokers, mutual fund directors, 401(k) intermediaries, pension consultants are all suspect.
Why should you never buy a mutual fund or retirement plan from a broker or insurance agent?
Expensive, poor performing variable annuity insurance products dominate this niche that many mutual fund companies seemly ignore.
There is simply no reason why defined contribution investors should be paying retail mutual fund fees or investing in tax deferred variable annuities offering illusory insurance protection.
Ameriprise, which was spun out of American Express in 2005 is a wealth management and mutual fund operator, but it has a significant home and life insurance business as well as an annuities business.
Variable annuities are merely an insurance company wrapper around a pooled investment account similar to a mutual fund.
While it has a 15% market share in traditional fixed-annuity life insurance products, it has less than 2% of Germany's mutual fund market-and virtually nothing in equity-linked variable annuities.
The answer is, overwhelmingly, insurance companies peddling high-cost, tax-deferred variable annuities with crappy proprietary mutual fund options and high-risk fixed accounts.
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