News

While November’s mutual fund inflow to fixed income still added up to $33 billion, that was down from the $40 billion pumped into bond funds for each of...

John Hancock Funds has completed the adoption of Fiduciary Management Associates’ FMA Small Company Portfolio, and has launched it as the new John Hancock Small Company Fund (JCSAX).

Another strong November showing has allowed taxable bond ETFs to walk off with “most popular” honors, with $32.1 billion in net year-to-date inflows, according to Morningstar.

TIAA-CREF is the latest financial firm to offer an application for the iPhone.

With one eye cast toward the recent closely watched excessive fee case Hecker v. Deere & Co., a federal judge in Illinois has thrown out a similar participant...

Flows into bond funds in November, although somewhat off from the blistering pace of the prior three months, were very robust at $38 billion, according to Strategic Insight...

Savings has a new social media "friend."

In its annual investment outlook, BofA Merrill Lynch Global Research projected above-consensus GDP growth and a bullish outlook for equities.

Morgan Stanley has tapped a former Merrill Lynch exec to head its investment management arm, according to published reports.

In one of the more challenging economic years in memory, it is not surprising that the pace of change set in motion in defined contribution plans by the...

The Internal Revenue Service (IRS) is offering a way for 403(b) plan sponsors to feel secure, until the new 403(b) Prototype Program begins, that their plan documents will...

The U.S. Securities and Exchange Commission (SEC) said today it is investigating Bank of America Corp.’s (BofA) failure to disclose Merrill Lynch’s losses to shareholders voting on Merrill’s...

U.S. House lawmakers today approved an extensive financial reform measure—but the provision to give the Financial Industry Regulatory Authority (FINRA) more purview over advisers didn’t go through.

The Internal Revenue Service (IRS) has given plan sponsors more time to adopt plan amendments to implement a variety of Pension Protection Act (PPA) requirements, including allowing participants...

The Internal Revenue Service has issued guidance on the application of 409A(a) to changes made to nonqualified deferred compensation plans to comply with an advisory opinion of the...

Bruce Harrington, LPL Financial's SVP of retirement solutions, has left the broker/dealer.

Charles Schwab Investment Management, Inc., has launched two more of its exchange-traded funds (ETFs) with low operating expense ratios and commission-free online trading in Schwab accounts.

DWS Investments, the U.S. retail unit of Deutsche Bank’s global Asset Management division, has appointed Gregory Troccoli and Robert Kendall as directors.

ING said it has added staff to further the company’s multicultural sales efforts, particularly in its retirement services business.

In an advisory opinion, the U.S. Department of Labor (DoL) addressed whether investment advisers to the mutual funds underlying target-date funds used in a retirement plan are plan...