Pension registrar may lend a hand in High Court fight (Independent Online)
The Registrar of Pension Funds may step in to assist retirement annuity (RA) fund members who face costly court battles after winning their cases taken to the Pension Funds Adjudicator.
‘Cinderella’ unit trust is cheapest RA (Independent Online)
Old Mutual’s unit trust retirement annuity is the cheapest retirement savings product in South Africa, with Allan Gray’s unit trust product coming in second.
Millennium Partners, Execs to Pay $180M (Washington Post)
ALBANY, N.Y. — Millennium Partners will pay $121.4 million in “ill-gotten revenues,” its founder Israel Englander will pay $30 million in civil penalties and two management companies will pay $26.6 million under an agreement in a New York and federal investigation into market timing schemes, New…
Kansas Mayor to Display Hurricane Katrina “Thank You” Quilt Honoring Peachtree Settlement Funding Employees (Business Wire via Yahoo! Finance)
BOCA RATON, Fla.—-Dec. 9, 2005–Edna Mitchell is reaching out to thank the people who joined her efforts to help a family of four orphaned children and their grandmother. Ms. Mitchell plans to meet with the Mayor of her hometown of Gardner, Kansas in January when she will present her homemade quilt, signed by those who helped her, to Mayor Carol Lehman.
Variable Annuities Knowledge Center Introduced; AXA Equitable Focuses on Educating Public (PR Newswire via Yahoo! Finance)
Christopher M. “Kip” Condron, chairman and chief executive officer of AXA Equitable, today unveiled an online resource aimed at helping consumers understand the facts surrounding variable annuities.