Robert Lempka, previously CEO of ABN AMRO’s ‘marketindex’ and now Executive Chairman of new financial services player Gekko Global Markets has slammed the financial services industry saying “It has been clear for some time that many banks and other financial institutions have done little but think of themselves, they have lost touch with their customers and they are no longer trusted. At the same time the drive toward ever more stringent regulation will achieve little but drive more and more customers to finding self-directed means of investment”.
To view Multimedia News Release, go to http://www.multivu.com/mnr/56584-gekko-global-markets-financial-institutions
Too many Americans have taken themselves out of the market for life insurance as a result of outdated assumptions about pre-existing conditions and insurability. That is one of the conclusions drawn by Genworth life insurance experts from a review of the 2012 Genworth LifeJacketSM Study data.
To view Multimedia News Release, go to http://www.multivu.com/mnr/54345-genworth-financial-lifejacket-study-life-insurance-health-conditions
This week is National Save for Retirement Week, a time for employees to reflect on their personal retirement goals and determine if they are on target to reach them. ADP® Retirement Services provides the resources, materials and online tools employees need to prepare for their financial future. In the spirit of this week, ADP Retirement Services is offering tips to save for retirement and make planning for the future as simple as possible.
To view Multimedia News Release, go to http://www.multivu.com/mnr/58561-adp-retirement-savings-tips-during-national-save-for-retirement-week
At these times when the costs of attending college are outpacing financial support from public and private sectors, The Hispanic Scholarship Fund (HSF), the nation’s largest Hispanic college scholarship awarding organization, raised a record $125,000 and awarded students during its annual Alumni Hall of Fame gala.
To view Multimedia News Release, go to http://www.multivu.com/mnr/58494-hispanic-scholarship-fund-latinos-alumni-hall-of-fame-induction
Despite increasing regulatory requirements for hedge funds, only 10% of investors feel that regulations effectively protect their interests, and 85% of investors do not believe these requirements will help prevent the next financial crisis, according to Ernst & Young’s sixth annual survey of the global hedge fund market, Finding Common Ground.
To view Multimedia News Release, go to http://www.multivu.com/mnr/59011-ernst-young-global-hedge-fund-survey-perceived-benefits-of-regulation
A new Genworth survey finds that Americans whose parents set good financial examples are more likely to be among the 62 percent of Americans who have a financial plan and feel confident in their financial future.
The first results of the Psychology of Financial Planning Survey, released today by Genworth, are part of a series of research findings that will be issued throughout 2013. The purpose of the survey was to gain insights into the psyche of Americans about what prompts or restricts them from planning for their financial futures.
To view Multimedia News Release, go to http://www.multivu.com/mnr/54347-genworth-lesson-learned-parents-good-example-key-to-financial-preparedness
Despite signs of economic recovery, a new survey says Americans’ confidence in their ability to afford a comfortable retirement remains at historic lows as workers appear to be grasping the realities of what they need to save.
The 2013 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 overall confidence levels are essentially unchanged since the record lows set in 2011. Only 13 percent are very confident they will have enough money for a comfortable retirement. A full 28 percent1— the highest number recorded during the 23 years of the survey—are not at all confident.
To view Multimedia News Release, go to http://www.multivu.com/mnr/60106-principal-financial-group-ebri-retirement-savings-confidence-survey
With an estimated 1.2 billion young people between the ages of 15 and 24, the vast majority of them living in developing countries, youth are both a policy and political priority for many countries around the world. These numbers represent major development challenges, but also great opportunity.
Youth are particularly vulnerable to economic problems. They often do not have access to savings accounts, credit, or insurance due to lack of education and employment. Governments are aware of this and many are working to make it easier for young people to access financial services so they can transition smoothly into adulthood.
To view Multimedia News Release, go to http://www.multivu.com/mnr/56883-cgap-changing-mindsets-on-youth-opportunity-and-financial-services
Today’s financial services firms face myriad challenges, yet many remain confident in their business prospects, finds research from the recently released Robert Half Financial Services Global Report: Navigating Change in an Evolving Regulatory Landscape. Based on a global survey of 1,100 executives, the report examines firms’ most pressing business concerns, confidence levels and reactions to recent regulatory changes.
To view the Multimedia News Release, go to http://www.multivu.com/mnr/55078-robert-half-financial-report-navigating-change-regulatory-landscape
ADP®, a leading provider of human capital management services, today announced the launch of myALINE, a new financial management platform designed to provide employees who receive their wages via ALINE Pay by ADP® from employers who are ADP SmartCompliance clients with a new way to help manage their pay. Accessible both online and via mobile devices, the new platform offers an exceptional level of financial visibility, helping employees to better understand how, when and where they’re spending their money. In addition, myALINE helps make it possible for employees to proactively manage their tax- and related-payroll information, and also helps to streamline payroll management and reduce costs for employers.
To view Multimedia News Release, go to http://www.multivu.com/mnr/62693-adp-myaline-money-manage-online-and-mobile-platform-empowers-consumers
In an effort to help attract a new generation of professionals to the investment advisory industry, TD Ameritrade Institutional has awarded its inaugural scholarships to 10 deserving and talented students enrolled in undergraduate financial planning programs.
To view Multimedia News Release, go to http://www.multivu.com/mnr/62276-td-ameritrade-scholarships-to-foster-new-generation-of-financial-planners
Americans have a bit of a superiority complex when it comes to grading their financial prowess. Genworth’s latest Psychology of Financial Planning research reveals that more than half (52%) of Americans gave themselves an A or B grade on their saving and investing knowledge, while giving the average American a failing grade of D. What nearly everyone (97%) can agree on, however, is the importance of financial literacy and the fact that they don’t have enough (88%). In fact, 58 percent of respondents blamed lack of financial education as a top reason why pre-retirees don’t have enough money saved for retirement.
To view Multimedia News Release, go to http://www.multivu.com/mnr/54348-genworth-financial-research-series-psychology-of-financial-planning
