News

A federal court has ruled that a former employee stock ownership plan (ESOP) participant can pursue his claim that plan fiduciaries breached their duties by failing to tell...

FundQuest said it has improved the ability of advisers to offer custom reports on demand.

Most Americans don’t check out their financial adviser’s background, according to a new study by the FINRA Investor Education Foundation.

Ford Motor Co. will reinstate its 401(k) match in 2010, according to a company announcement.

In a background of lingering uncertainty for investors, many mutual fund managers have continued to attract significant inflows to their stock and bond funds in 2009.

Symetra Life Insurance Company has launched Retirement Passport Group Variable Annuity for the 403(b)/457 market.

Glenmede has announced that Jason Pride has joined the firm as director of Investment Strategy, a newly created position.

While November’s mutual fund inflow to fixed income still added up to $33 billion, that was down from the $40 billion pumped into bond funds for each of...

John Hancock Funds has completed the adoption of Fiduciary Management Associates’ FMA Small Company Portfolio, and has launched it as the new John Hancock Small Company Fund (JCSAX).

Another strong November showing has allowed taxable bond ETFs to walk off with “most popular” honors, with $32.1 billion in net year-to-date inflows, according to Morningstar.

TIAA-CREF is the latest financial firm to offer an application for the iPhone.

With one eye cast toward the recent closely watched excessive fee case Hecker v. Deere & Co., a federal judge in Illinois has thrown out a similar participant...

Flows into bond funds in November, although somewhat off from the blistering pace of the prior three months, were very robust at $38 billion, according to Strategic Insight...

Savings has a new social media "friend."

In its annual investment outlook, BofA Merrill Lynch Global Research projected above-consensus GDP growth and a bullish outlook for equities.

Morgan Stanley has tapped a former Merrill Lynch exec to head its investment management arm, according to published reports.

In one of the more challenging economic years in memory, it is not surprising that the pace of change set in motion in defined contribution plans by the...

The Internal Revenue Service (IRS) is offering a way for 403(b) plan sponsors to feel secure, until the new 403(b) Prototype Program begins, that their plan documents will...

The U.S. Securities and Exchange Commission (SEC) said today it is investigating Bank of America Corp.’s (BofA) failure to disclose Merrill Lynch’s losses to shareholders voting on Merrill’s...

U.S. House lawmakers today approved an extensive financial reform measure—but the provision to give the Financial Industry Regulatory Authority (FINRA) more purview over advisers didn’t go through.