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Richest Man on Earth – Financial or Political Genius?
Mexico’s Carlos Slim Helu, 70, beat Bill Gates and Warren Buffett for the top spot on 2010 Forbes magazine’s annual list of billionaires making him the first person from outside the U.S. to lead the rankings in 16 years. Slim’s net worth, 80% are held in five public stocks, rose US$18.5 billion to US$53.5 billion [...]
Hancock Financial launches simplified variable annuity
John Hancock Financial Services today released a variable annuity called the John Hancock AnnuityNote. The product is a simplified A-share variable annuity with just one underlying diversified portfolio: a lifetime income benefit and a total annual fee of 1.74%, the Boston-based firm said in a statement. Of the fee, 1.20% covers the cost of the [...]
