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Wachovia Appoints New Retirement Chief

John Papadopulos, a 12-year Wachovia veteran, is replacing Robert Reid as president of Wachovia’s Retirement and Investment Group.

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RIR Editor Publishes "Annuities for Dummies"

Annuities for Dummies, by RIR editor Kerry Pechter, defines annuities, explains how they work, and describes the different types of annuities in plain language.

'Mac' Attacks Bureaucracy--Again

Writes 'Survival Manual for Living in a Bureaucratic World'

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Articles

Executive Moves

New York - Gary Hirschkron has been appointed President of AXA Partners, the life insurance business unit of AXA Distributors, LLC. based in Farmington, Conn. The announcement was made today by Jamie Shepherdson, Executive Vice President of AXA Equitable Life Insurance Company and President of AXA Distributors, LLC., the company's proprietary life insurance and annuity wholesale distribution organization. Mr. Hirschkron has held a leadership position in AXA Partners since 2006, serving as Managing Director.

Executive Moves

Executive Moves: April 2008

Johnson-Guider to Lead AXA's Strategic Initiatives Group AXA Equitable Life has promoted Adrienne Johnson-Guider to senior vice president and head of the strategic initiatives group. She reports to Christopher M. 'Kip' Condron, chairman and CEO of AXA Equitable, the primary U.S. life insurance and savings subsidiary of the global AXA Group.

RIIA Founder Makes The Right Choice

With an ironic flourish, Francois Gadenne has removed a potential obstacle to the success of the Retirement Income Industry Association (RIIA). And that's good news for the 'decumulation' industry as a whole. The founder and chairman of RIIA announced at the non-profit organization's conference in Miami on February 11 that he would henceforth work full-time for the RIIA and give up his outside business interests. He will either sell his company, Retirement Engineering, Inc. (REI), and its patents, or put them in a blind trust.

The Future of American Business: American Funds' Haaga Looks to the Future

Ramifications from the Pension Protection Act's effect on investor inertia, changes to Rule 12b-1's regulation of expenses and a possible mandate by the Securities and Exchange Commission on independent directors are among the top concerns of the mutual fund industry's top executives. Among them, Paul Haaga, executive vice president and a director of American Funds' Capital Research and Management Company.

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