News

ERISA Lawsuits on the Rise

According to a new analysis, lawsuits related to the Employee Retirement Income Security Act (ERISA) are increasing in number and complexity in terms of combinations of allegations.

UBS Plans More Cuts for 2009

UBS announced at its annual general meeting that the firm will slash more than 11% of its workforce, but it’s not yet clear what that means for financial...

Oregon Sues 529 Fund Manager

The state of Oregon has sued OppenheimerFunds Inc., charging the fund manager with understating the risk it took with a bond fund in Oregon's state college-savings plan.

ICI: Mutual Fund Fees Down, For Now

The average fees and expenses that investors paid on mutual funds fell in 2008 to their lowest levels in more than 25 years, according to the Investment Company...