News

An Internal Revenue Service (IRS) official said the agency has set April 1 as its target date for launching an opinion letter program for prototype and volume submitter...

Standard & Poor's has launched the S&P Dynamic Futures Index (S&P DFI).

Invesco PowerShares announced the PowerShares CEF Income Composite Portfolio began trading Friday on the NYSE Arca under the ticker symbol PCEF.

Bank of America Merrill Lynch’s wealth management unit poached Morgan Stanley Smith Barney executive Jimmy Tighe to serve as a senior office responsible for business and resource integration,...

William Blair & Company announced that Daniel P. Charles will join the firm as global head of distribution for William Blair Investment Management, effective March 10.

Archimedes Systems, Inc., and Convergent Retirement Plan Solutions LLC announced the launch of RothProfessional.com, a Web portal to aid advisers with Roth individual retirement account (IRA) conversions.

New York-based asset manager Van Eck Global has launched the Market Vectors Egypt Index ETF on NYSE Arca.

F-Squared Investments has unveiled the AlphaSector AllWeather Indexes.

Lincoln National Corporation has enhanced its Lincoln Unifier service offering to further help employers comply with the new 403(b) regulations.

Integrated Retirement Initiatives, LLC, (IRI) has announced the addition of John Paul Ruiz and Gordy Lusian to its staff.

USI Consulting Group has introduced a new EFAST2 Solution to assist its Direct Solutions clients in meeting Department of Labor-mandated Form 5500 electronic filing requirements.

The latest BofA Merrill Lynch survey found that fund managers are retreating into cash as skepticism rises over economic recovery in Europe and China.

The IRS has released the 2010 version of its “discussion”—and rebuttal—of many of the more common frivolous arguments made by individuals and groups that oppose compliance with federal...

The Law Offices of Howard G. Smith has announced its investigation of potential violations of the Employee Retirement Income Security Act violations by Toyota Motor Corporation, related to...

A new exchange-traded fund (ETF) that purports to be the first China Infrastructure ETF has launched.

Fidelity Investments' 401(k) highlights from 2009 showed that many participants recouped much of their losses from 2008.

The Hartford Life Insurance Co. will pay $13.8 million to settle a four-year-old fiduciary breach suit over revenue-sharing payments from mutual fund companies.

Mercer's outsourcing business saw a 40% increase in participant requests for calculations of their estimated defined benefit (DB) account values in 2009 versus 2008.

Foxwoods Resort Casino is suspending its 401(k) match for hourly employees to help offset a 2.5% salary hike for nonunion workers, according to a media report.

The Financial Industry Regulatory Authority (FINRA) said it wants to make available more public complaints and other information through the BrokerCheck service.