Wealth management

TIAA-CREF announced Thursday that it has a partnership with Ibbotson Associates to give retirement plan participants enhanced, objective advice and planning tools.

Univest Insurance Inc. in Lansdale, Pa., has bid to extend its presence in the counties encircling Philadelphia to the north and west with its third agency deal in five years.

Aetna in King of Prussia, Pa., announced on Thursday the introduction of two high-deductible health plans that are compatible with health savings accounts, for individuals and their families in Virginia and Washington, D.C.

Regions Financial Corp., a Birmingham, Ala., banking company, has announced the hiring of David L. Bowlin to be president and chief executive officer of its newly created Regions Insurance Group Inc.

Sun Life Financial U.S. in Wellesley Hills, Mass., said Wednesday that it has hired Keith Gubbay to be a vice president and its chief actuary, overseeing all actuarial functions for the Canada-based insurer's U.S. operations.

JPMorgan Investor Services announced Wednesday that it has expanded its outsourcing team to sell managed account administration to other financial companies.

PlusFunds Group Inc., a New York hedge fund manager, said Wednesday that Gabriel Bousbib, its president and chief executive officer, has resigned to pursue other interests.

MetLife Inc. in New York has introduced a guaranteed withdrawal benefit for all its individual variable annuity products; the company said the feature is aimed at those entering retirement.

Fidelity Investments, the world's largest mutual fund company, confirmed Wednesday that federal regulators are investigating whether its traders took improper gifts in exchange for directing business to brokers at outside companies.

Community Valley Bancorp opened a de novo insurance agency last week as its entry into the insurance business and a step toward both higher noninterest income and a one-stop financial shopping experience for its customers.

Univest Corp. of Pennsylvania in Souderton said Tuesday that it has agreed to buy Donald K. Martin & Co., a West Chester, Pa., firm that specializes in property and casualty insurance for commercial clients.

In the wake of State Street Corp.'s decision to leave the 529 college savings business, executives and experts say they believe other providers could follow the Boston banking company out the door as the market for the product evolves.

Sentry Life Insurance Co. of New York has announced an employee benefits product newly available in the state.

Trustmark Group Insurance in Lake Forest, Ill., has announced the promotion of David J. Flores to vice president and head of the company's sales to employer groups with 51 to 99 employees.

Wachovia Corp. executive Linda Bowden's new assignment bears more than a passing resemblance to her last one.

Franklin Resources Inc. announced Monday that it had agreed to a $20 million penalty in a settlement with the Securities and Exchange Commission of issues arising from the latter's investigation of marketing support payments to securities dealers who sell mutual fund shares.

Symetra Financial Corp. announced Monday that the sale of its more than $3.1 billion-asset mutual fund business to Boston-based Pioneer Investment Management Inc. has closed.

Trumbull Services LLC in Windsor, Conn., a provider of business process outsourcing and technology services to the property and casualty insurance industry, said Monday that it has hired Betsy Enloe to be the chief operating officer.

Crawford & Co. said that it had received a subpoena from New York Attorney General Eliot Spitzer requesting documents in connection with an investigation his office is conducting.