When should you retire? Consult this checklist of questions

The question sounds simple, but it is tough to answer: At what age should you retire? More »

CBA hit with second regulatory probe after money laundering claims

Commonwealth Bank of Australia (CBA.AX), the nation's biggest lender, has been hit with a public inquiry into its governance and culture - the second regulatory probe to be launched this month after it was accused of massive breaches of money-laundering rules. More »

Hedge fund managers not optimistic about second half of 2017: industry survey

Bayliss More »

Labor Department delays fiduciary rule implementation date

The U.S. Department of Labor will give wealth management companies more time to get in line with the new "fiduciary rule," a regulation that requires financial advisers to put retirees' interests ahead of their own, the regulator said on Wednesday. More »

The future of U.S. caregiving: High demand, scarce workers

If you are hovering around retirement age today, you will be closing in on your eighties in the year 2030. With any luck, you will be healthy and mobile - but imagine for a moment that you are not. Let's say a debilitating illness requires that you receive car... More »

First Jobs: Very small roles for future Broadways stars

Even for a jaded town like New York City, there is something magical about a Broadway show. More »

Connecticut lawmakers approve labor pact with pension concessions

Connecticut lawmakers narrowly approved a new labor contract with public employees on Monday that is expected to save the state at least $1.2 billion – largely through pension concessions – and could clear the way for lawmakers to agree on a past due budget.... More »

Senate delays healthcare vote as McCain recovers from surgery

Senate Majority Leader Mitch McConnell speaks at a Harden County Republican party fundraiser in Elizabethtown, Kentucky, U.S., June 30, 2017. The U.S. Senate will delay its consideration of healthcare legislation while Arizona Republican Senator John McCain re... More »

Eight to 10 Republicans have concerns on healthcare bill: Collins

U.S. Senator Susan Collins (R-ME) talks to reporters as she leaves a meeting of the Senate Republican caucus to unveiling of Senate Republicans’ revamped proposal to replace Obamacare health care legislation at the U.S. Capitol in Washington, U.S. July 13, 201... More »

U.S. health insurers want Cruz proposal dropped from Senate bill

Two major U.S. health insurance groups on Friday called on Senate Republican leader Mitch McConnell to drop from a healthcare bill a provision proposed by Senator Ted Cruz that allows insurers to offer stripped-down, low-cost healthcare plans. More »

Your Money: Will a countdown clock to retirement help you save?

An undated handout image of the Pretirement app home screen, showing a countdown clock to retirement. If you knew that buying a daily $4 cup of coffee would delay your retirement and make you work exactly four months, 17 days and 9 hours longer, would that fin... More »

UK recession, unusually, to punish gilts and pension funds: James Saft

(The opinions expressed here are those of the author, a columnist for Reuters) More »

Big financial woes linger in Illinois` new budget

FILE PHOTO: An aerial view shows the skyline and lakefront of Chicago, Illinois, August 14, 2014. REUTERS/Jim Young Illinois’ first budget after two years is filled with partial outlines to address its debt-ridden pension system and unpaid bill backlog — signs... More »

Weird Science: First jobs of some leading scientists

FILE PHOTO – Conservationist and primatologist Jane Goodall speaks during a news conference at the National Geographic summit in Lisbon, Portugal May 25, 2017. REUTERS/Rafael Marchante While top scientists may be deploying their brainpower on critical projects... More »

IMF says Ukraine land reform will be key for next review

The International Monetary Fund logo is seen during the IMF/World Bank spring meetings in Washington, U.S., April 21, 2017. REUTERS/Yuri Gripas Overhauling land legislation will be key for Ukraine’s next review by the International Monetary Fund (IMF) and shou... More »

EBRD: Ukraine land reform to unlock $40-50 billion for agribusiness lending

Ukraine could unlock some $50 billion of collateral for lending to the country’s agricultural industry by overhauling its land legislation, Francis Malige, Managing Director at the European Bank for Reconstruction and Development (EBRD), said on Friday. More »

Wall Street banks take on summer school: Investing 101 for rich kids

The rising sun lights trees in Central Park above the southern portion of the Manhattan borough of New York, U.S., November 2, 2016. REUTERS/Lucas Jackson “Time for a prenup?” is not a typical title for a summer school course, but it was one of the most popula... More »

Trump discusses concern over Qatar dispute with Gulf, Arab states in calls

U.S. President Donald Trump waves at Joint Base Andrews, Maryland as he returns back from Bedminster, New Jersey to participate in the Celebrate Freedom Rally in Washington, July 1, 2017. REUTERS/Yuri Gripas U.S. President Donald Trump spoke separately to the ... More »

`Brain training` app improves memory in people with cognitive decline

A brain training computer game developed by British neuroscientists has been shown to improve the memory of patients in the very earliest stages of dementia and could help such patients avert some symptoms of cognitive decline. More »

Key Republican Collins has `serious concerns` on healthcare bill

Senator Susan Collins (R-ME) speaks to reporters after Senate Republicans unveiled their version of legislation that would replace Obamacare on Capitol Hill in Washington, U.S., June 22, 2017. REUTERS/Joshua Roberts Republican Senator Susan Collins of Maine sa... More »

Conservative Koch network criticizes U.S. Senate healthcare bill

FILE PHOTO: An Americans for Prosperity banner is seen during an event in Manchester, New Hampshire, July 22, 2015. REUTERS/Dominick Reuter Officials with the conservative U.S. political network overseen by the Koch brothers say they are unhappy with the healt... More »

Factbox: How Senate, House Obamacare overhaul bills compare

Speaker of the House Paul Ryan (R-WI) speaks after Senate Republicans unveiled their version of legislation that would replace Obamacare on Capitol Hill in Washington, U.S., June 22, 2017. REUTERS/Joshua Roberts After weeks of discussions behind closed doors, ... More »

Column: Big Social Security COLA will be offset by Medicare premiums

FILE PHOTO: A senior citizen lawn bowls in Sun City, Arizona, January 9, 2013. REUTERS/Lucy Nicholson Retirees can look forward to the largest Social Security cost-of-living adjustment next year since 2012 – but don’t break out the champagne just yet. For many... More »

Kyle Bass still short yuan, says China credit bubble `metastasizing`

Kyle Bass, Chief Investment Officer of Hayman Capital Management, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2016. REUTERS/Lucy Nicholson Hayman Capital Management founder Kyle Bass on Thursday said he remains s... More »

Morgan Stanley developing online mortgage application tool

The Morgan Stanley logo is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 19, 2017. REUTERS/Brendan McDermid Morgan Stanley is developing a new digital mortgage application tool in a bid to ... More »

Trump says healthcare reform push may need additional money

President Donald Trump on Tuesday said that the Republican push to repeal Obamacare may require additional money for healthcare, but he did not specify how much more funding would be needed or how it might be used. More »

NY billionaire Charles Cohen`s tips for surviving tough businesses

Charles Cohen president and CEO of Cohen Brothers Realty. Marion Curtis/StarPix courtesy Charles Cohen/Handout via REUTERS Next time you are in Manhattan, take a look around, and you will see the fingerprints of Charles Cohen pretty much everywhere. More »

Public sector investors favor real estate, renewables – survey

Public sector investors plan to raise exposure to real estate, infrastructure, green bonds and renewables over the coming year, while cutting holdings of low-yielding government bonds, an annual survey showed on Monday. More »

Ready, set, go: Retirement advice protections are here

A pair of elderly couples view the ocean and waves along the beach in La Jolla, California March 8, 2012. REUTERS/Mike Blake Friday is the day, folks. More »

CalSTRS agrees to divest non-U.S. thermal coal assets

The California State Teachers’ Retirement System board voted unanimously on Wednesday to divest from non-U.S. thermal coal, affecting a very small fraction of the public pension fund’s portfolio. More »

Why women are better investors: study

A woman walks on Broad St. past the New York Stock Exchange during the morning commute April 30, 2014. REUTERS/Brendan McDermid When it comes to industries, Wall Street is about as male-dominated as they come. So many people just assume that men are better inv... More »

Massachusetts judge allows right-to-die lawsuit to move forward

FILE PHOTO: Retired Massachusetts physician Roger Kligler, a plaintiff in a right-to-die lawsuit, speaks to reporters outside a courtroom in Suffolk County Superior Court in Boston, Massachusetts, U.S., on March 8, 2017. REUTERS/Nate Raymond/File Photo A Massa... More »

Four ways retirement saving is about to change

Retirees play poker at a singles club in Sun City, Arizona, January 4, 2013. REUTERS/Lucy Nicholson Leaving your job soon and rolling over a 401(k) into an IRA? Thinking about buying an annuity? About to call your money manager and allocate this year’s Roth co... More »

Longtime Wells Fargo wealth executive Carroll to retire

FILE PHOTO: David Carroll, senior executive vice president at Wells Fargo speaks during the Charlotte Chamber’s Economic Outlook Conference in Charlotte, North Carolina December 17, 2012. REUTERS/Chris Keane Longtime Wells Fargo & Co (WFC.N) executive David Ca... More »

Column: Watchdogs step up U.S. fight against elder financial fraud

A pair of elderly couples view the ocean and waves along the beach in La Jolla, California March 8, 2012. REUTERS/Mike Blake Thieves follow the money, and wealth accumulates as we age. But the aging brain is not always well-suited to financial decision-making ... More »

President Macron`s party seen on top in French parliament election: poll

French President Emmanuel Macron speaks at a press conference at the end of the G7 Summit in Taormina, Sicily, Italy, May 27, 2017. REUTERS/Philippe Wojazer French President Emmanuel Macron’s party is expected to emerge with the most seats in June’s parliament... More »

Wells Fargo Advisors introduces new mutual fund class for fiduciary rule

A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith Wells Fargo Advisors (WFC.N) will start offering a new share class of mutual funds next month as part of its plan to comply with the new U.S. Labor Department regulatio... More »

Under U.S. Republican bill, 23 million would lose health coverage: watchdog

An electronic patients chart is shown on the wall to a hospital room in San Diego, California April 17, 2017. REUTERS/Mike Blake A bill passed by U.S. House Republicans would cause 23 million people to lose healthcare coverage by 2026 while de-stabilizing heal... More »

Treasury chief says reviewing Iran`s aircraft licenses

U.S. Treasury Secretary Steven Mnuchin discusses the Trump administration’s budget plan during the Peterson Foundation’s 2017 Fiscal Summit in Washington, U.S., May 23, 2017. REUTERS/Jim Bourg The U.S. Treasury is reviewing licenses for Boeing Co and Airbus to... More »

Wells Fargo Advisors creates new mutual fund class for fiduciary rule

A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith Wells Fargo Advisors (WFC.N) will launch a new share class of mutual funds next month as part of its plan to comply with the new U.S. Labor Department regulation that s... More »

U.S. Labor Secretary says fiduciary rule to take effect on June 9

The U.S. Labor Department will implement its fiduciary rule on June 9 with no further delays, U.S. Labor Secretary Alexander Acosta said on Tuesday. More »

Merrill Lynch to freeze costly recruiting bonuses for brokers

The company logo of the Bank of America and Merrill Lynch is displayed at its office in Hong Kong March 8, 2013. REUTERS/Bobby Yip Bank of America Corp’s Merrill Lynch will stop paying the big upfront bonuses that Wall Street brokerages have long used to lure ... More »

Aetna CEO urges debate on what `single-payer` healthcare would be

Mark Bertolini, Chairman and CEO of Aetna, participates in a panel discussion at the 2015 Fortune Global Forum in San Francisco, California November 3, 2015. REUTERS/Elijah Nouvelage/File Photo Aetna Inc Chief Executive Officer Mark Bertolini wants a debate ab... More »

Bank of America`s Merrill Lynch to debut fiduciary-friendly account option

Bank of America Corp’s brokerage, Merrill Lynch, said on Thursday it will roll out a commissions-paying retirement account compatible with a new U.S. Labor Department regulation that raises the standards for client care. More »

CalSTRS pares down U.S. equity exposure in market`s record run

Christopher Ailman, chief investment officer of the California State Teachers’ Retirement System (CalSTRS), poses for a portrait before an interview with Reuters in New York City, U.S., April 26, 2017. REUTERS/Lucas Jackson Record high U.S. stock prices are pr... More »

Your Money: Older couples ponder financial impact of divorce

FILE PHOTO: A couple acts out a martial-arts move for a friend’s camera (not pictured) as they wait to welcome the first sunrise of 2015 on Sydney’s Bondi beach at dawn, January 1, 2015. REUTERS/Jason Reed What makes couples want to split after decades of marr... More »

Millennials face grown-up financial realities

A man plays a video game with the Oculus Rift VR headset at the E3 Electronic Expo in Los Angeles, California, U.S. June 14, 2016. REUTERS/Lucy Nicholson Everyone has chuckled about millennial generation stereotypes: slackers hanging out in their parents’ base... More »

Prudential`s Peters says risk-reward for junk bonds `not favorable`

Greg Peters at the Reuters Global Investment Summit in New York, November 17, 2015. REUTERS/Brendan McDermid PGIM Fixed Income senior portfolio manager Greg Peters said on Thursday that he has been reducing his overweight position in junk bonds because the “ri... More »

U.S. Social Security reform: the clock is ticking

Clocks are seen during the performance ”tck tck tck” by Global Campaign for Climate Action at the Barcelona Climate Change Talks, November 4, 2009. REUTERS/Albert Gea Can you count on your Social Security benefits when retirement rolls around? More »

Wealthfront branches out into loans in new competitive push

Wealthfront Inc, the digital financial advice company, will begin letting some customers borrow against their investment accounts in its first foray into lending. More »

Bank of America`s wealth revenue rises on assets under management, fees

Bank of America’s (BAC.N) wealth business reported revenue climbed 3 percent to $4.6 billion in the first quarter this year from last year on higher client assets under management and fees, Bank of America Chief Financial Officer Paul Donofrio said Tuesday. More »

Rhode Island hires Goldman`s Stais as its pension fund CIO

The state of Rhode Island hired a senior Goldman Sachs Group Inc executive as chief investment officer to oversee its $7.9 billion pension fund, the state’s Treasurer said in an email on Friday. More »

Trump administration issues final rule on stricter Obamacare enrollment

An emergency sign points to the entrance to Scripps Memorial Hospital in La Jolla, California, U.S. March 23, 2017. REUTERS/Mike Blake The Trump administration on Thursday issued a final rule that will shorten the Obamacare enrollment period and give insurers ... More »

Top BlackRock portfolio manager turning to safe-haven assets

FILE PHOTO – The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid/File Photo One of the portfolio managers behind BlackRock Inc’s largest mutual fund says his team has been buying safe-haven asset... More »

Sven Lindblad keeps adventure travel all in the family

Travelers these days take it for granted that they can journey to remote places like Antarctica or the Galapagos, but it was one family, the Lindblads, that helped make that even possible. More »

Japan`s GPIF starts recruiting managers for alternative assets

FILE PHOTO: The sign of Japan’s Government Pension Investment Fund (GPIF) is seen after a news conference in Tokyo, Japan, April 1, 2016. REUTERS/Thomas Peter/File Photo Japan’s Government Pension Investment Fund (GPIF) on Tuesday began recruiting asset manage... More »

Brinker Capital launches Destinations Funds

Investment management firm Brinker Capital announced Monday the launch of the Destinations Funds, a series of 10 multi-manager mutual funds advised by Brinker Capital that it said aims to cut investors’ overall costs and lower the account minimum on portfolios... More »

Trump says may tie infrastructure with healthcare or tax reform: NY Times

U.S. President Donald Trump speaks during a joint news conference with Jordan’s King Abdullah (not pictured) in the Rose Garden after their meeting at the White House in Washington, U.S., April 5, 2017. REUTERS/Yuri Gripas U.S. President Donald Trump said on W... More »

California pension fund is latest to scrap some active managers

A California pension fund has fired Franklin Templeton Investments, JPMorgan Chase & Co and Pacific Investment Management Co from some portfolio-management responsibilities in a shakeup that puts more of its assets in lower-fee, index-tracking investments, the... More »

Your Money: What to do with your dormant Health Savings Account

A worker counts U.S. dollar bills, which are being exchanged for Philippine Pesos, inside a money changer in Manila April 1, 2013. REUTERS/Romeo Ranoco A Health Savings Account is supposed to stay with you for life, but if you do not use it, you could lose act... More »

Q&A: Poker champ Annie Duke translates card skills to everyday life

Annie Duke competes in a $10,000 buy-in, no limit Texas Hold ‘Em event at the World Series of Poker in 2005. REUTERS/File You may think high-stakes poker has little in common with your life and career. Annie Duke thinks you would be wrong. More »

New rule lets U.S. brokers intervene if they suspect scams, dementia

The U.S. Financial Industry Regulatory Authority announced a new rule on Thursday that allows brokers to pause disbursements from client accounts if they suspect a client is suffering from dementia or being influenced by caregivers or scam artists. More »

Investors want advice from both robots and humans: study

Financial advisers across Wall Street’s biggest brokerages have fretted over their professional futures in recent years as their firms worked to develop “robo” services for millennial and tech-savvy clients. More »

Will Republicans fund tax cuts by tapping retirement piggy bank?

A pedestrian walks past the U.S. Capitol building , on Capitol Hill in Washington, U.S., March 24, 2017. REUTERS/Jim Bourg Tax reform is up next for our Attention Deficit Disorder Republican government, which just rushed through a chaotic, ugly battle to refor... More »

Ryan opposes Trump working with Democrats on healthcare

U.S. House Speaker Paul Ryan (R-WI) speaks during his news conference after Republicans pulled the American Health Care Act bill to repeal and replace the Affordable Care Act act known as Obamacare, prior to a vote on Capitol Hill in Washington, U.S. March 24,... More »

Trump tries to rally support for healthcare bill as U.S. markets drop

U.S. President Donald Trump (C) and Health and Human Services Secretary Tom Price (L) enter the U.S. Capitol in Washington, U.S., March 21, 2017. REUTERS/Kevin Lamarque President Donald Trump tried to rally Republican lawmakers behind a plan to dismantle Obama... More »

NBA`s Chris Paul, other celebrity athletes, invest for a cause

FILE PHOTO — March 11, 2016- Los Angeles, CA, USA- Los Angeles Clippers guard Chris Paul (3) moves the ball up court against New York Knicks during the second half at Staples Center. Gary A. Vasquez-USA TODAY Sports/File Photo Giving back to their communities ... More »

Greek tax workers protest against austerity as euro group meets in Brussels

A banner hangs at the facade of the Greek Finance Ministry during a protest of taxation officers in Athens, Greece March 20, 2017. The banner reads ‘A decrease of the tax income threshold means new salary and pension cuts. Stop austerity.’ REUTERS/Alkis Konsta... More »

NBA`s Chris Paul, other celebrity athletes, invest for an impact

FILE PHOTO — March 11, 2016- Los Angeles, CA, USA- Los Angeles Clippers guard Chris Paul (3) moves the ball up court against New York Knicks during the second half at Staples Center. Gary A. Vasquez-USA TODAY Sports/File Photo Giving back to their communities ... More »

U.S. Republicans working on Medicaid, tax credit changes: Ryan

Speaker of the House Paul Ryan (R-WI) speaks to the media on Capitol Hill in Washington, U.S., March 16, 2017. REUTERS/Joshua Roberts U.S. House Republicans are working on changes to their healthcare overhaul bill that would implement a work requirement for th... More »

Not much saving going on in Health Savings Accounts

By Beth Pinsker NEW YORK Health Savings Accounts feature prominently in the new healthcare bill being considered by the U.S. House of Representative More »

Column: Republican health reform is the real disaster for older Americans

U.S. President Donald Trump listens during a meeting about healthcare at the White House in Washington, U.S., March 13, 2017. REUTERS/Kevin Lamarque The Republican leadership in Washington says Obamacare is an imploding disaster. But if your income is low and ... More »

White House working with lawmakers on amending Republican health bill

Copies of amendments offered during a marathon House Energy and Commerce Committee hearing on a potential replacement for the Affordable Care Act are seen on Capitol Hill in Washington March 9, 2017. REUTERS/Aaron P. Bernstein The Trump administration is worki... More »

Larry King distills thousands of interviews into a few life lessons

FILE PHOTO: Larry King interviews Carlos Slim, President of the Carlos Slim Foundation and the Telmex Foundation, during ‘A Conversation with Larry King and Carlos Slim’ at the Milken Institute Global Conference in Beverly Hills, California April 29, 2013. REU... More »

U.S. taxpayers procrastinate on filing returns this year

By Beth Pinsker NEW YORK Tax season in the United States is off to a slow start.The number of people filing their taxes with the Internal R More »

JP Morgan prepares wealth clients for change in IRAs

FILE PHOTO: A J.P. Morgan logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith/File Photo JPMorgan Chase & Co has sent some wealth management customers letters this month notifying them that they could be moved to the firm’s self-direc... More »

House leader: `very difficult` to speed up end to Medicaid expansion

U.S. House Majority Leader Kevin McCarthy speaks during a news conference on the American Health Care Act on Capitol Hill in Washington, U.S. March 7, 2017. REUTERS/Eric Thayer House of Representatives Majority Leader Kevin McCarthy said on Friday it would be ... More »

Share turnover by fund managers not helping business: expert

Fund managers who are usually seen as the market’s more patient investors are not holding shares long enough to encourage firms to adjust for a more environmentally sustainable future or deal with other long-term risks, an influential think-tank said. More »

Merrill Lynch may keep commission-based retirement accounts: source

A worker washes windows high atop the Merrill Lynch building in downtown San Diego, California September 1, 2015. REUTERS/Mike Blake Merrill Lynch, a unit of Bank of America Corp, may not entirely do away with its commission-based retirement accounts, after Tr... More »

BET co-founder Sheila Johnson succeeds all over the map

BET co-founder Sheila Johnson. REUTERS/Photo by Drew Xeron/Courtesy Sheila Johnson Most people would be thrilled to succeed in one field. Sheila Johnson has triumphed in some remarkably different ones. More »

First Jobs: How to make it to the governor`s mansion

U.S. Governor of Colorado John Hickenlooper poses for photos in front of the Capitol in Havana, Cuba February 5, 2017. REUTERS/Alexandre Meneghini The road to the governor’s mansion is not always paved with public-service positions. Many state leaders got thei... More »

What happens if you do not file your U.S. taxes?

A woman counts U.S. dollars at a money changer in Yangon May 23, 2013. REUTERS/Soe Zeya Tun People often wonder what happens if you do not file your tax returns. Josh Kornbluth lived it. More »

David Copperfield on creating a magical life: Don`t ignore reality

Magician David Copperfield arrives at the Vanity Fair Oscar Party in Beverly Hills, California February 28, 2016. REUTERS/Danny Moloshok If you had to name just one person on Earth who is living his or her best life, David Copperfield would have to be among th... More »

Labor Dept proposes delaying new rule for financial advisers

The U.S. Labor Department has taken a first step toward possible derailment or dilution of its controversial rule on retirement advice as it begins to re-examine it at the directive of President Donald Trump, according to a notice made public on Wednesday. More »

Wells Fargo robo-adviser to target young, first-time investors

A Wells Fargo Bank is shown in Charlotte, North Carolina, U.S., September 26, 2016. REUTERS/Mike Blake Wells Fargo & Co’s wealth management business (WFC.N) said on Tuesday it would launch its new robo-adviser Intuitive Investor later this year in a bid to dev... More »

No cuts to U.S. entitlement programs in Trump budget: Mnuchin

Treasury Secretary Steven Mnuchin speaks at a press briefing at the White House in Washington, U.S., February 14, 2017. REUTERS/Kevin Lamarque U.S. President Donald Trump’s first budget proposal will spare big social welfare programs such as Social Security an... More »

Investment consultants in joint response to FCA review, quiet on details

Investment consultants Mercer, Aon Hewitt and Willis Towers Watson said they had banded together to propose market changes that help them avoid a competition review by Britain’s regulator, but released no details. More »

Why living longer should not lead to retirement benefit cuts

When you hear a politician start a sentence with the phrase “We’re all living longer,” grab your wallet. You are about to be told that Social Security or Medicare benefits should be cut because of America’s rising longevity. More »

Prudential may hit Wells Fargo for account scandal costs-filing

A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, U.S. on February 10, 2015. REUTERS/Jim Young/File Photo Prudential Financial Inc, (PRU.N) the target of probes and lawsuits related to whether Wells Fargo & Co (WFC.N) retail bankers imp... More »

Whom to trust when buying an annuity?

Retirees play poker at a singles club in Sun City, Arizona, January 4, 2013. REUTERS/Lucy Nicholson Getting financial advice on complicated insurance products is, well, complicated. More »

Life expectancy study shows many likely to live beyond 90 by 2030

FILE PHOTO: Elderly residents exercise on the island of Yeonpyeong, which lies in the Yellow Sea, South Korea, April 9, 2014. REUTERS/Damir Sagolj/File Photo Average life expectancy will rise in many countries by 2030, breaking through 90 years in some places,... More »

Wells Fargo fund business on the defensive amid sales scandal

A Wells Fargo bank logo is pictured on a building in North Miami, Florida March 19, 2016. REUTERS/Carlo Allegri When a scandal over unauthorized accounts rocked Wells Fargo & Co’s (WFC.N) retail division last fall, executives at its asset management arm sprang... More »

Asset managers push back against UK rule change proposals

Asset managers on Monday marshaled their defense against proposed changes by their regulator aimed at boosting value for investors by cutting costs and increasing competition. More »

The facts about Social Security, Medicare may surprise you

An elderly lady walks in Copacabana in Rio de Janeiro September 13, 2011. REUTERS/Ricardo Moraes While the era of “alternative facts” dawned in Washington last week, experts from across the ideological spectrum gathered in the capital for a review of real fact... More »

States` rights? Not so much, when it comes to retirement savings

A pair of elderly couples view the ocean and waves along the beach in La Jolla, California March 8, 2012. REUTERS/Mike Blake So much for states’ rights. More »

Robo-advisers shrug off U.S. fiduciary rule hubbub

As century-old Wall Street brokerages have agonized over the fate of a major U.S. regulation on retirement advice, younger Silicon Valley counterparts have coolly shrugged their shoulders. More »

U.S. insurers sense opportunity in unwanted pension plans

U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration U.S. insurers are buying corporate pension plans at a record clip as rising interest rates and all-time high stock-market values... More »

U.S. will strengthen Pacific allies against North Korea hostility: official

Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump pose for a photograph before attending dinner at Mar-a-Lago Club in Palm Beach, Florida, U.S., February 11, 2017. REUTERS/Carlos Barria The United States is committed to the security of its all... More »

Asset manager Vanguard hits $4 trillion in assets: WSJ report

The Vanguard Group topped $4 trillion in assets for the first time at the end of January after a year in which it pulled in more money than all of its rivals combined, the Wall Street Journal reported. More »

Abby Joseph Cohen plans to retire from Goldman Sachs

Abby Joseph Cohen, Senior Investment Strategist Goldman Sachs, attends the Economic Club of New York Leadership Excellence Award in New York April 21, 2015. REUTERS/Eduardo Munoz Abby Joseph Cohen, the Goldman Sachs Group Inc strategist whose prescient, upbeat... More »

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