News

Columbia Management launched two open-end mutual funds: the Columbia Absolute Return Multi-Strategy Fund and the Columbia Absolute Return Enhanced Multi-Strategy Fund.

American International Group (AIG) must face claims by some current and former employees that their retirement funds were invested too heavily in company stock, Bloomberg is reporting.

Goldman Sachs Asset Management unveiled the Goldman Sachs High Yield Floating Rate Fund. 

U.S. Real Estate Investment Trusts (REITs) continued to outperform the broader equity market in the first quarter of 2011, according to NAREIT.

A study by the ING Retirement Research Institute found less than half of respondents (48%) indicated that they feel “in control” of their retirement plan investments.

A federal judge in Colorado rejected an employer’s request that its lawyers' fees be paid for by participants who lost their case.

The presumption of prudence was not enough to dismiss claims a company breached its Employee Retirement Income Security Act (ERISA) fiduciary duties by offering company stock.

John Hancock’s practice management platform, Build4Success, will now include a third-party valuation and coaching services for its top 250 advisers.

Management interest in social media is high at asset management firms, yet commitment to formulating a strategy and providing resources remains low, according to a kasina report.   

ING launched RetireWithING.com to help people make informed decisions about retirement, while allowing them to consult with a retirement professional if they want personal guidance.

The “presumption of prudence” standard has prevailed again, ruling in favor of the employer in a case where participants claimed a breach of fiduciary duty occurred. 

A federal judge in Kentucky ruled that cash balance plan participants waited too long before filing amended legal claims challenging their plan's whipsaw lump-sum distribution method.

We had wrapped up a very successful half-day adviser event ahead of our annual Awards for Excellence dinner last week.   

Federal agencies are seeking public comment on a proposed rule that would require sponsors of asset-backed securities (ABS) to retain at least 5% of the credit risk of...

Bank of America Global Wealth & Investment Management (GWIM) president Sallie Krawcheck hosted a discussion on how the crises in Japan and the Middle East may affect investors...

Research firm Dorsey Wright & Associates has written a report, “Guggenheim Funds UIT Report;” the first Unit Investment Trust (UIT) resource of many Guggenheim and Dorsey Wright plan to...

An average 22% of eligible participants participated in state and local government plans during 2010, down from 29% a year before, according to a report.

A Financial Literacy Center research paper found that one in ten plan loans results in a default, and eight of ten workers who leave a job with a...

The annual Fidelity Investments estimate of the retirement health-care costs for a 65-year-old couple fell by 8%, driven by Medicare changes in the health reform law.

A bias lawsuit by black financial advisers accusing Merrill Lynch of discrimination has been thrown out.