News

I saw an interesting event headline the other day. It said simply, “Trust is an economic stimulus package.″

J. Crew Group, Inc. has announced the initiation of a cost reduction program that includes reducing headcount, eliminating 2009 merit increases, and suspending the 401(k) match.

A Los Angeles-based firm has rolled out a retirement plan customized for small business owners.

UNIFI Companies Retirement Plans has announced a new offering targeting the $3 million to $20 million retirement plans market.

Almost three-fourths of mutual fund investors hold funds outside of an employer-sponsored plan, and most of those mutual funds were purchased through an adviser.

U.S. Steel Corp. announced it has suspended company match contributions for its two New York-based 401(k) plans effective January 1.

E*Trade Financial Corp. said it is shuttering four index funds, with a total of about $400 million in assets, because the offerings were unable to attract enough assets...

The combined assets of the nation's mutual funds decreased by $191 billion, or 2%, to $9.411 trillion in January, according to the Investment Company Institute (ICI).

The New York Attorney General’s office has subpoenaed Bank of America (BoA) for a list of employees' bonuses, according to reports.

At a time when some employers are suspending their 401(k) match to save money, a new research study suggests the match is a “critical component″ of pushing up...

A second look at the Baby Boomers who turned 62 last year and a new look at the younger Boomers, now turning 45, shows both are not saving...

Nearly nine out of ten surveyed African Americans acknowledge they do not have a professional financial adviser, according to a survey by Nationwide.

President Barack Obama’s budget blueprint released on Thursday includes proposals for an automatic IRA plan for workers and an expansion of the Saver’s Credit.

Hewitt Associates clients will soon see a familiar face: Ari Jacobs has rejoined the company as the North American Retirement Solutions Leader, the company said.

John Costas, the former head of UBS’s investment bank, is setting up a full-service boutique in New York for institutional clients, according to news reports.

UBS announced this morning that Oswald J. Grübel replaced Marcel Rohner, who has resigned, as the company’s Chief Executive Officer.

The U.S. Senate Special Committee on Aging held a hearing about the economic downturn’s effect on retirement security, particularly for those who are on the brink of retirement.

Fewer Americans expect to retire, but many remain confident in their own ability to plan for retirement.

Perspective Partners, a firm specializing in measuring 401(k) plan effectiveness, has launched a savings stimulus campaign providing free assistance to businesses.

Two managing general partners of WG Trading Co. of Greenwich, Connecticut, have been charged with running an estimated $550 million investment fraud.