Wealth management

Ace Ltd. announced Monday that Andrew Kendrick, the president and CEO of Ace Bermuda, has been named the chairman and chief executive officer of Ace European Group and that Keith White, the chief administrative officer of Ace Ltd., has been appointed the executive officer of Bermuda Cos.

The Hartford Financial Services Group Inc. announced Friday that Don MacQuattie has joined Hartford Life Insurance Co. in Simsbury, Conn., as a vice president and the director of business strategy and development for corporate retirement plans.

Jefferson-Pilot Life Insurance Co. in Greensboro, N.C., has introduced three annuity product lines that offer interest rate bonuses of up to five percentage points on premiums paid during the first policy year.

Charles Schwab Corp. continues to wrestle with how to retain retail customers while keeping costs down and boosting revenues.

Great-West Healthcare in Denver and Mellon Financial Corp.'s human resources and investor solutions business have announced the formation of an alliance to offer a health savings account for employer-sponsored health plans.

Wolf Popper LLP in New York said Friday that it has sued on behalf of participants in the Aon Corp. 401(k) plan, alleging violations of the federal pension law in connection with Aon stock's recent loss of value.

Wilmington Trust has hired a former Bank One Corp. executive to help develop cross-selling in its wealth management business.

Hartford Financial Services Group Inc. said it has fired two underwriters for not cooperating with New York Attorney General Eliot Spitzer’s investigation of the insurance industry.

Hartford Financial Services Group Inc. said it has fired two underwriters for not cooperating with New York Attorney General Eliot Spitzer's investigation of the insurance industry.

Participants in Aon Corp.'s pension plan have sued the company, alleging violations of the Employee Retirement Income Security Act, or Erisa, in connection with the recent loss in value of the giant insurance broker's stock.

American Express Financial Advisors' recent entry into the individual 401(k) plan market may pose sales challenges for the company since competitors have more than a two-year head start.

Wachovia Corp. said Monday that it has closed its purchase of Tanager Financial Services Inc. in Waltham, Mass.

Merrill Lynch & Co., Wall Street's biggest money manager, with $478 billion of assets, is charging clients lower prices than No. 2 Morgan Stanley and posting higher returns as investments chief Robert Doll tries to transform mutual funds into the company's fastest-growing business, Bloomberg News reported Monday.

Assets held in separately managed accounts grew 1.2% in the third quarter, to $535 billion, according to data released Monday by the Money Management Institute, a trade group.

Seven months after opening for business, StillPoint Advisors, an Atlanta asset manager that targets wealthy investors, plans to announce today that it has brought on board a team of former Merrill Lynch managers as part of its growth plan.

Pacific Life Insurance Co. in Newport Beach, Calif., said that it has named Dennis L. Bahlmann and Mary M. Hawkins the assistant vice presidents of new business services and the Nebraska operations center, respectively.

Acordia Inc., a subsidiary of Wells Fargo & Co., said Monday that it had hired Gary J. Tully to become its managing director for New Jersey on Nov. 29.