State hits Citizens unit over annuities
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Massachusetts regulators yesterday said a financial consultant at Citizens Financial Group's investment arm placed elderly clients in inappropriate investments and said they believe similar problems exist throughout the company.
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Amicus Britain&#39;s largest private sector union is urging the Government&#39;s Pensions Commission headed by Adair Turner to recommend compulsory contributions from employers into staff pension funds.
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Citizens Financial Group aggressively markets itself as a local bank. It gives away soccer balls to children and boasts of opening branches early and going the extra mile for customers. All the while, its ads skillfully duck one fact: Citizens is owned by the Royal Bank of Scotland .
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Governor Arnold Schwarzenegger supports converting the California Public Employees Retirement System, the nation's biggest pension fund, into a plan where employees bear the risk of directing their own investments.
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SACRAMENTO, Calif. -- Personal information about hundreds of thousands of retirees' may have been compromised after two security breaches involving pension funds in California and New York.
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THE REGION State regulators heard testimony again on a new system for apportioning among automobile insurers those drivers that no company wants to cover voluntarily. The so-called assigned-risk plan was put in place at the end of the Romney administration, but Governor Deval Patrick put it on hold so a study group appointed by his administration could review it. The ...
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WASHINGTON -- The Supreme Court says individual participants in the most common type of retirement plan can sue under a pension protection law to recover their losses.
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The government's Money Claim Online small claims service is being overwhelmed by claims for bank charges.
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In Maryland, requests from state's largest malpractice insurer to raise premiums an average of 41 percent has triggered a fierce debate.
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SAN FRANCISCO A media-backed group has sued the California Public Employees&#39; Retirement System today, hoping to force the pension fund to disclose how much it pays venture capitalists to manage its money.
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Business & money: Norwich Union tipped as next to impose freeze on withdrawals by small savers
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Citizens Bank made donations or gave referral fees as a "marketing investment" to curry favor with colleges in attempts to protect or increase its student loan business, a US Senate committee chaired by Senator Edward M. Kennedy said in a report yesterday.
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LABOR has again rejected claims that its plan for free hospital care for over-75s had not been properly costed. A report by Econtech, commissioned by the Australian Health Insurance Association, has estimated
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The low interest rates of the past few years have been particularly frustrating for retirees and others who favor conservative certificates of deposit for income.
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Attorney General Thomas F. Reilly yesterday accused a major mall operator in a suit of illegally selling a gift card with numerous fees and a one-year expiration date, but the terms haven't deterred the Massachusetts Department of Social Services from purchasing $250,000 worth of the cards this year for its clients.
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By Julia Reynolds, The Monterey County Herald, Calif.  Sep. 15--Several dozen water customers balked at the idea of consumers fronting the costs of California American Water's expansion, saying the private company is asking the public to carry its investment risk.
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By Scott Mayerowitz, The Providence Journal, R.I.  Feb. 7--PROVIDENCE -- The state's top nonprofit organizations yesterday  made their case as to why they think a law is needed to clarify that donations  by out-of-state residents can't be used by the state to determine residency  here.