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Moody's says that the agreement between General Motors and Prudential to provide income annuities for GM pensioneers is a downgrade for the insurer.

The Systemic Risk Council has been created to monitor and encourage regulator reform of U.S. capital markets, in light of recent financial system crashes.

The last of the one-time Big Three says it doesn't need to hatch a pension buyout scheme like Ford and GM have now done. Is the optimism real?

Following in the footsteps of rival Ford, General Motors will offer lump-sum buyouts to 42,000 retirees and shift its retirement holdings to a group annuity.

Rising benefits costs have caused many mid-size and large corporations with defined benefit pension plans to rethink their cost management strategies.

Prudential Financial Inc. swung to a loss of nearly $1 billion in the first quarter as it wrote down the value of derivatives, and operating results fell short of expectations.

Prudential's research shows recent retirees have recognized the importance of saving money as a strategy for long-term survival.

MetLife may be on the hook for as much as $700 million in unpaid life and annuity policies; other insurers are expected to follow.