Investment Instruments

The investments reached $11 billion over 180 portfolios compared to $5 billion in 2012.

A study shows the small plan average investment expense went from 1.37 percent to 1.35 percent, while the large plan average investment expense bumped up from 1 percent to 1.01 percent.

AIG is expanding sales of retirement products as rivals such as MetLife Inc. and Prudential Financial Inc. scale back from variable annuities.

Lawyers for plaintiffs Clarice Whitmore and Helga Maria Schulzki claimed the asset manager raided the insurers cash reserves after taking control of them, threatening the security of the annuities they sold.

Rep. Adam Smith said he holds a minority view even within his own party in supporting modest reductions of cost-of-living adjustments for payments to military retirees.

Federal Reserve Bank of St. Louis President James Bullard says "we all knew the day would arrive when the unemployment rate would go through the threshold, and the natural thing to do is to switch to more qualitative guidance.