Trump to halt Obama fiduciary rule
While a review will be undertaken by the Labor Department, the White House signaled that the president was expecting significant change.
By
Justin Sink
Katherine Chiglinsky
Reporter
What Trump could do to retirement plans
With Donald Trump's election, a bitterly debated regulation that requires advisers to put their clients' interests first could be derailed.
MetLife profit falls 52% on costs of retail unit’s spinoff `
MetLife Inc., the largest U.S. life insurer, said third-quarter profit tumbled 52% on derivative losses and costs tied to the spinoff of a U.S. retail business as CEO Steve Kandarian reorganizes the company.
China Oceanwide agrees to buy Genworth for $2.7B cash
Genworth CEO Tom McInerney has been selling assets to ensure the insurer has sufficient liquidity after it was hit by losses on its long-term care coverage.
MetLife to phase out Snoopy branding as CEO reshapes insurer
Largest U.S. life insurer, will phase out the use of Peanuts characters in its marketing.
MetLife files for spinoff of U.S. unit after weighing IPO
MetLife Inc. has filed for a spinoff of a U.S. retail unit after considering alternate plans to sell the business or exit through an initial public offering.
MetLife says volatility challenges IPO path for retail unit
Insurer seeking to exit a U.S. retail unit says the risk of large equity market swings would be one reason to favor a spinoff, rather than an initial public offering.
Prudential wins $2.5B pension deal with WestRock
Insurer wins pension-risk transfer deal with paper and packaging company, cementing status as the biggest player in the business of taking on retirement obligations for employers.
TIAA buys tech firm MyVest in push for personalized service
TIAA buys MyVest, a San Francisco-based wealth-management technology firm that assists broker-dealers and banks.
Wall Street groups sue to end Obama’s ‘unworkable’ broker rules
Industry organizations , including the U.S. Chamber of Commerce, allege that the DOL encroached on the U.S. Securities and Exchange Commission’s territory and overstepped boundaries for regulating broker-dealers that were established by Congress.
MetLife defeats U.S. government’s too-big-to-fail labeling
MetLife beat back a U.S. attempt to label it too big to fail, which would’ve put America’s biggest life insurer under tougher government scrutiny and forced it to put more money in reserves.