Saving for retirement is about to get a whole lot simpler -- so simple, in fact, that in the near future about the only thing you'll have to do to keep your retirement saving on track is show up for work. What has changed? Landmark legislation that Congress passed last year encourages employers to enroll workers in a 401(k) automatically, increase employee contributions automatically each year and automatically invest the money in the stock market, which offers the greatest potential for long-term growth.
Retirement Saving Made Easy
Source: Yahoo! Finance
KUALA LUMPUR, Malaysia—Lloyd’s of London has launched Lloyd’s Labuan Ltd., its new subsidiary in Malaysia. The Labuan Malaysia domiciled subsidiary will give Lloyd’s greater access to the Malaysian reinsurance market. Under the Malaysian regulatory regime, insurers and brokers seeking...
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CARLTON, Australia— The Australian federal government has provided funding for the development of a guide to security risk management. The government has given $120,000 Australian ($94,545) for the development of the Security Risk Management Body of Knowledge, which is a Risk Management...
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ZUG, Switzerland—Standard & Poor’s Corp. has upgraded its financial strength rating on Converium Holding Ltd. to A- from BBB+. Zug, Switzerland-based Converium, recently the subject of an unsolicited takeover bid from Paris-based rival SCOR S.A., said that regaining an A-rating marked "the...
