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11/29/2008 News For: Aim Variable AnnuityMichigan Man Admits to Collecting Annuity Checks After Deaths of Parents One of three brothers accused of cashing annuity checks that were supposed to end when their parents died has pleaded guilty to federal charges of conspiracy to commit mail fraud and money laundering. At Age 85, AXA's VA Owners Can Swap GMIBs for GLWBs AXA Equitable Life has redesigned its long-running Accumulator variable annuity so that certain 85-year-old contract owners have a choice other than annuitization. Italy approves euro80 billion relief package The Italian government on Friday announced an euro80 billion $103.2 billion emergency package offering relief to banks, families and companies suffering in the global economic crisis. Govt banks mull variable pay for staff Public sector bank employees may see the introduction of a variable pay component in their salary structure. Bankers said preliminary talks on performance-linked pay, part of overall wage negotiations, have begun with the unions. Fed may cut interest rates even more The Federal Reserve is widely expected to cut interest rates again ��� and might even cut all the way to zero ��� to revive the... Irish state may invest in banks rescue package DUBLIN: The Irish government may consider supplementing private investment in the country's six main banks with state cash, Finance Minister Brian Lenihan said Friday. Italy Announces $103.2B Rescue Package The Italian government on Friday announced an euro80 billion $103.2 billion emergency package offering relief to banks, families and companies suffering in the global economic crisis. LV= strengthens enhanced annuity offering Flexible retirement solutions provider LV= has announced that it has improved its enhanced annuity product by increasing the number of medical conditions accepted for enhanced terms under its conventional and with-profits annuities. Interest rate cut likely next week Families with mortgages could get another boost to their savings, if the Reserve Bank lowers interest rates next week. London afternoon: Subdued mood endures Leading stocks remain mixed, with miners and banks featuring prominently among the laggards while pharmaceuticals are going well, despite a European Commission report accusing drug makers of anti-competitive practices. |