News

Lawyers representing U.S. Department of Labor Secretary Hilda L. Solis have argued that the holding of company stock in a defined contribution plan is not entitled to a presumption of prudence.

Relying on U.S. Supreme Court precedents, a federal appellate court has affirmed the award of benefits and attorneys’ fees to a long-term disability plan participant.

Another law firm has launched an investigation into possible violations of the Employee Retirement Income Security Act by BP PLC and fiduciaries of the its Employee Savings Plan.

 Standard & Poor's has launched a series of credit default swap sector indexes. 

Yet another law firm is poking around to see if there might be a fiduciary breach at the BP 401(k) plan. 

The Retirement Advantage, Inc. (TRA) announced the addition of Brenda Brumm and Jay Bloom to its wholesale team.

Britain's financial regulator has fined and banned a former broker for manipulating oil prices by buying more than seven million barrels while on a drinking binge.

Informa Research Services has released a report that examines U.S. household asset allocation and preferences.

 Fidelity Investments has announced it has restructured its 20‐year‐old Select Environmental Portfolio to increase exposure to faster growing industries, such as alternative energy and energy efficiency, while reducing...

Transamerica Retirement Services recently launched two new resources to help third party administrators build and expand their own retirement plan business. 

 Fidelity Investments said it experienced significant year-over-year increases in IRA contributions and new account openings for Traditional, Roth and Rollover IRA accounts during the first four months of...

The Securities and Exchange Commission (SEC) has approved new rules regulating pay to play practices by investment advisers at public pension plans and other government investment accounts. 

The Securities and Exchange Commission (SEC) has obtained an emergency asset freeze against two Canadians who advertised fraudulent penny stocks online.

Turns out that when it comes to pet names, the answer to that question is puns, pop culture references - and a little bit of...

A Florida woman who invested in the company stock option in BP’s 401(k) plan has sued the company and State Street Bank & Trust.

Russell Investments has completed the annual realignment of the Russell Global Index and added 1,190 stocks to the equity benchmark. 

Morningstar, Inc. has created the Morningstar StockInvestor Core Index , a diversified portfolio of stocks from the Tortoise and Hare portfolios featured in the Morningstar StockInvestor newsletter.

The Hartford Financial Services Group, Inc. has named David N. Levenson President of Wealth Management, effective July 1.  

Invesco PowerShares announced that five existing portfolios will undergo index and name changes effective on Wednesday.