News

Since the inception of target-date funds, it has been debated whether the ‘target date’ is the end or just a bump in a road.

Merrill Lynch has sued Deutsche Bank, calling its poaching of a group of 12 employees that had collectively 'generated tens of millions of dollars in annual revenues for...

CAPTRUST Financial Advisors has reached out in another direction for its second big acquisition of 2009.

Office furniture maker Herman Miller, Inc. is reducing hours and pay for most of its U.S. salaried employees by 10% - and is suspending its matching contribution to...

Retirement plan service provider DailyAccess Corporation has opened a Midwest regional office in suburban Detroit, Michigan.

Matthew H. Scanlan has joined Renaissance Technologies LLC as Renaissance Institutional Management LLC’s president and CEO, the New York firm announced.

When changing jobs, participants with higher account balances are more likely to roll money from a lump-sum distribution into another tax-qualified account.

Wuesthoff Health System plans to keep its match but at a lower rate, according to a news report.

Are target-date funds able to adequately provide a retirement income stream for participants?

DALBAR has unveiled a service designed to help plan sponsors select a qualified default investment alternative (QDIA).

The Financial Industry Regulatory Authority (FINRA) said it learned from recent scandals and aims to make its process for whistleblower tips more efficient.

The Financial Industry Regulatory Authority (FINRA) released two online tools designed to help investors spot and resist investment fraud, the agency said.

In his continuing investigation into the bonuses paid out to Merrill Lynch executives before its acquisition by Bank of America (BoA), New York Attorney General Andrew Cuomo has...

Diversified industrial manufacturer Actuant Corp suspended its core contribution to the company's 401(k) plan and to its restoration plan for the majority of its U.S. employees.

Advisers are divided over when the recession will end—but meanwhile, many of them are seeing retired clients change their investment strategy and are picking up new clients, according...

The law firm Cohen Milstein Sellers&Toll PLLC has filed a lawsuit on behalf all persons or entities that purchased shares of Oppenheimer Champion Income Fund.

The U.S. District Court for the Southern District of Ohio ruled that retirement plan participants did not prove that Fifth Third Bancorp breached its fiduciary duties by continuing...

The release of the Federal Reserve’s 2007 Survey of Consumer Finances (SCF) came too late to provide an accurate picture of the 401(k) plan landscape.

Manny Weiss is joining Mercer as a portfolio manager for domestic equity strategies and Wilson Berglund is joining Mercer as a senior analyst in fixed income, the company...

Fidelity Investments named Sanjiv Mirchandani as president of National Financial, a provider of clearing, custody, and brokerage solutions.