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In the News
December 19, 2018 - Massachusetts Secretary of the Commonwealth William Galvin on Wednesday hit MetLife Inc. with a $1 million fine and ordered the insurance firm to pay restitution to retirees and beneficiaries who it failed to locate after taking over their retirement...
October 31, 2018 - By the end of the year, Voya Financial Inc. will no longer sell individual life insurance in order to focus on higher-growth business lines. Voya, which was spun off from Dutch parent ING Groep in a 2013 initial public offering, decided to exit the individual...
October 16, 2018 - Raymond James has snagged a $285 million team from LPL Financial in Rochester, N.Y. The team, which operates as Legacy Financial Planning, includes financial advisers Tamar "Tammy" Mogilski and Brian Bedford. They have offices in Shelton, Conn., and Oswego,...
October 11, 2018 - Another life insurance company is dumping its independent broker-dealer, with Allianz Life Insurance Co. of North America saying on Thursday it was leaving the retail broker-dealer and RIA businesses. Advisers with Allianz's Questar Capital Corp., the...
June 25, 2018 - Continuing to turn the heat on MetLife, Massachusetts securities regulator William F. Galvin has charged the insurer with issuing misleading statements relating to its failure to make pension payments to hundreds of retirees in the state that it had wrongly...
June 21, 2018 - Guggenheim Partners is exploring the sale of a stake in its $250 billion asset-management unit overseen by Scott Minerd, according to people familiar with the matter. Guggenheim Partners Investment Management has been in talks with global insurers, sovereign...
June 20, 2018 - MetLife Inc. and Brighthouse Financial Inc. have been sued for failing to pay at least $500 million in retirement benefits over the past 2Â½ decades to thousands of pension plan participants. In December, MetLife disclosed that it had failed to pay pension...
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