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Financial and Business Services

A collection of news and information related to Financial and Business Services published by this site and its partners.

Top Financial and Business Services Articles

Displaying items 12-22
  • MassMutual Reports Record Sales Of Whole Life, Retirement Plans In 2014

    The Massachusetts Mutual Life Insurance Co. on Thursday reported 2014 financial results that included a company record for sales of whole-life insurance and retirement plans. The company said net income was $799 million compared with a net loss of $113...
  • Mortgage rates rise for third straight week

    Average long-term U.S. mortgage rates have edged up for a third straight week while remaining near their historically low levels reached in May 2013. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage rose to 3.80...
  • What proposed rule changes for retirement advice would mean

    What proposed rule changes for retirement advice would mean
    The Obama administration is proposing tougher regulations on investment brokers that officials said would curb hidden fees and conflicts of interest that cut into Americans' retirement savings. The proposed rule changes — the subject of intense...
  • Yellen faces Congress amid direst threat to Fed since Dodd-Frank

    Federal Reserve Board Chair Janet Yellen testifies before Congress this week with the Federal Reserve facing its gravest political threat since the drafters of the Dodd-Frank act tried to strip it of its supervisory powers. The Fed is being pressured...
  • Bill would require financial-literacy class in high school

    Bill would require financial-literacy class in high school
    Science, math and English are important, but students in Florida also need to learn how to manage money before they graduate from high school. So say advocates of a bill before the Legislature that would mandate a stand-alone, financial-literacy course...
  • Finally, a rule will make brokers give you honest investment advice

    Finally, a rule will make brokers give you honest investment advice
    The idea that investment advisors owe a higher duty to their clients than to their own pocketbooks is an old one, often detested by Wall Street. So the announcement Monday from the White House that it will impose such a standard on advisors in the...
  • Your financial advisor soon may need to have your best interests at heart

    For a quick take on the latest consumer news, check out Monday's Consumer Confidential segment on KTLA-TV: Financial advisors. Financial advisors aren't required to act in your best interest. They just have to steer you into "suitable" investments,...
  • Los Angeles Times Michael Hiltzik column

    The idea that investment advisors owe a higher duty to their clients than to their own pocketbooks is an old one, often detested by Wall Street. So the announcement Monday from the White House that it will impose such a standard on advisors in the...
  • Delaney joins Obama, Warren in announcing White House retirement proposal

    WASHINGTON -- Rep. John Delaney, who spent a career in financial services before running for Congress, joined President Barack Obama on Monday in calling for tougher regulations on brokers who help people plan for retirement -- offering his endorsement of...
  • Juggling orphaned 401(k) plans can be a challenge

    PITTSBURGH Workers who switch jobs several times in the course of their career could find themselves with a half dozen old 401(k)s scattered here and there from past jobs. The typical American will change jobs at least six times, according to a 2012...
  • How Obama action could affect retirement advice from brokers

    After years of a Washington dispute over investment advice, the Obama administration is proposing tougher restrictions on brokers who manage Americans' retirement accounts. The change would put brokers — who sell stocks, bonds, annuities and other...