Sun Life Financial released their fourth quarter of 2011 and full year 2011 reports on February 15, 2012. The numbers showed net operating losses for the quarter and the year. The fourth quarter loss was reported at $221 million, while the yearly operating loss was listed at $525 million for calendar year 2011. Despite...
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The gold price continues to rebound following the Federal Reserve’s announcement that it will be keeping interest rates near zero through 2014. Initially, the commitment was to keep interest rates at zero no longer than the summer of 2013. Extending the low rates through 2014 is seen as an acknowledgement that the U.S. and...
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Deferred annuities have two phases: the savings phase and the income phase. During the savings phase, investors deposit money into their account. When the income phase begins, payments are made to the investor at regular intervals. Money earned by a deferred annuity is taxed when it is withdrawn, making it an attractive to those...
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MetLife reached an agreement to sell the majority of its retail banking business to GE Capital, the finance division of General Electric, for approximately $100 million. The deal, which will involve $7.5 billion in customer deposits, will allow MetLife to escape the reach of the Federal Reserve, which has considerable regulatory power over banking...
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The stock market has been bouncing up and down with prices fluctuating like crazy, but have we seen the peak price for gold? If you told someone ten years ago that the current gold price was going to skyrocket and more than quadruple, they’d have looked at you like you were nuts. And they...
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Buying an ounce of the world’s favorite precious metal in the financial exchanges has become even pricier. Gold prices are rising to their highest levels in six weeks, and annuity fund managers are paying close attention. Analysts and expert traders monitoring the price of the precious metal as it has been inching closer to...
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Gold and commodities experienced a spike upward on the news that the European Union was able to cajole Greek bondholders to accept 50% on their debt. Gold has stayed above $1700 per troy ounce and seems committed to staying there. This has in turn stabilize the annuities market for people who are invested in...
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The Metropolitan Life Insurance Company, one of the world’s largest providers of insurance and annuities, may want to exit the world of retail banking and lending sooner than expected. The insurance and financial services giant recently experienced a setback for its shareholders that is directly related to its banking division. MetLife recently announced that...
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With a dour economy, no improvement in the job outlook, and investments waddling left, right, and down, it’s no surprise that a gold price increase is a good probability over the next year or so. With a U.S. election pending, the instability in the market confidence will only increase until U.S. politics are settled...
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On July 26th, Wite House officials, prompted by the debt ceiling crisis, informed various veterans groups of funding cuts. After a decade of wayward spending, drastic cuts must be made, and the Obama administration is looking to preserve treasury funds in light of the real possibility that after August 2nd, the US will default....
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