The results of The State of Compliance: 2011, an inaugural study conducted by PwC US and Compliance Week, will be released today at the Compliance Week 2011 6th Annual Conference for corporate financial, legal, risk, audit and compliance officers in Washington, D.C. The report – the first of its kind – identifies a wide range of compliance issues confronting organizations today and will stay current as new companies participate, accurately reflecting the changing compliance landscape.
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The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it plans to construct the world’s most environmentally friendly skyscraper. The Tower at PNC Plaza will be located on the Southeast corner of Fifth Avenue and Wood Street, the same Pittsburgh intersection where PNC has been headquartered for more than 150 years. Once complete in 2015, the approximately 40 story building will serve as PNC’s executive offices.
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A new global survey suggests that home buyers around the world are poised to re-enter the housing market, but property market instability and worries about their personal finances are holding them back.
The International Mortgage Trends Report, commissioned by Genworth Financial and conducted by independent research firm RFI, is a new global survey of current and aspiring homebuyers aimed at gaining local insight into key world markets. More than 9,000 respondents across five continents in eight countries were interviewed. Countries surveyed were: Australia, Canada, India, Ireland, Italy, Mexico, the United Kingdom and the United States.
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John Hancock Financial Network (JHFN) today launched a new defined contribution consulting program to help JHFN financial advisors of all experience levels expand their retirement plan business and provide the best service to their clients. Elements of the program include training, practice management consulting, a dedicated retirement sales support team and in-depth expert resources for those interested in becoming plan fiduciaries.
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According to the “2011 Financial Reality Check Study” conducted by Genworth, 75% of Americans have never had a conversation about long term care with their loved ones. However, 70% would not know what to do if a family member were to require immediate long term care assistance; an alarming statistic considering that 6 out of 10 people will need long term care sometime during their lifetimes. The data also suggests consumers are suffering from overall financial planning inertia; however, the lack of education around long term care (LTC) planning can have significant consequences.
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Experian® today announced the expansion of the company’s Global Consulting Practice that will provide its customers in the North American market with analysis, powerful insight and valuable recommendations that improve the speed and quality of business decisions.
Experian’s North American Global Consulting Practice will draw on the company’s deep expertise in financial services, banking, retail cards and payments, mortgages, automotive finance, small-business, telecommunications, utilities and government. The practice is made up of business consultants who average 20 years of experience working directly in these core markets and industries that the practice serves.
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Genworth Financial, Inc. (NYSE:GNW) announced today the launch of two new index annuities designed to meet the growing needs of America’s security-conscious consumers. SecureLiving® Index 7 and SecureLiving® Index 10 Plus will be issued by Genworth Life and Annuity Insurance Company.
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Baby boomers appear to be taking a second look at their life insurance policies as an alternative financial solution to paying for retirement. Retirees can sell an unneeded life insurance policy for a portion of the face amount. These transactions, known as life settlements, have become mainstream in the past several years, particularly as baby boomers begin exploring all financial options to paying for retirement, including previously unconventional alternatives.
To view Multimedia News Release, go to http://www.multivu.com/mnr/54032-betty-white-boomers-life-insurance-settlements-fund-retirement
E*TRADE Financial Corporation (NASDAQ: ETFC) today announced that E*TRADE Securities LLC has unveiled a new 30-second “Talking Baby” advertisement which will run during the NBC® television network broadcast of Super Bowl XLVI.
The Super Bowl spot, entitled “Fatherhood,” features the E*TRADE Baby reassuring a nervous new dad about planning for his newborn daughter’s future with help from Financial Consultants at E*TRADE.
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A new survey says Americans’ confidence in their ability to afford a comfortable retirement remains at historically low levels in the face of job uncertainty and financial insecurity.
The 2012 annual Retirement Confidence Survey, released today by the nonpartisan Employee Benefit Research Institute (EBRI) in Washington, and co-sponsored by the Principal Financial Group, finds only 14 percent of Americans are very confident they will have enough money to live comfortably in retirement¹. Workers with the most debt have the least confidence.
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April is National Financial Literacy Month! And, the perfect opportunity to take steps toward better finances. In honor of this important holiday, Money Management International (MMI), the creators of FinancialLiteracyMonth.com, invite you to celebrate this important month by taking steps to improve your overall financial well-being for a chance to win $500!
To view Multimedia News Release, go to http://www.multivu.com/mnr/52436-money-management-international-financial-literacy-month-challenge
Saxo Bank, the online trading and investment specialist, today releases their Q3 outlook that views Europe as insolvent, in a phase of denial of the actual problems and without a credible path forward. The Bank’s analysts also predict that growth in China will decrease to 6.5 percent, marking the next quarter as the low point for China and for world growth in general.
For the current crisis, Saxo Bank operates with a three-phase model that includes; Denial (which prompts policy-makers and central bankers to rely on quantitative easing and financial stimulus); Protest (where the public votes new governments which still fail to address the real problems) and; Mandate for Change (which forces policy-makers to take real action). According to the Bank, the EU has remained embedded in the first and second phases, having yet to arrive at a mandate for change.
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