Investment Instruments

A survey finds that up-and-coming wealthy individuals sought introductions and investigated potential wealth managers in a variety of ways.

Participants in a study who were given the chance to consider several policy changes to shore up the Social Security system favored reducing payments to high wage earners, raising the retirement age and other remedies that would eliminate most of the systems debt.

House Republicans say they want concessions in exchange for raising the debt limit, though theyve been unable to agree on exactly what.

Target-date funds returned an average 5.4 percent for the fourth quarter, which was significantly less than the 10.5 percent return of the S&P 500.

As CEO of the division, Boyle will oversee life insurance, long-term care and the annuities business.

States need to regularly check on pension obligations and liabilities and other long-term expenses to ensure funding obligations are met, said a report.