News

Economic and job issues remain high on workers’ worry lists, especially for younger workers, according to a poll by The Hartford.

A federal judge in Connecticut has ruled that a drug company improperly forced out its chief patent counsel after the lawyer reached age 65 in 2004.

The Spectrem Affluent Investor Index (SAII) rose 1 point in August, while the Spectrem Millionaire Investor Index (SMII) saw a 6-point gain.

The number of participants who increased their contributions still outpaces the number who decreased contributions, according to Vanguard.

A survey conducted on behalf of TD Ameritrade found 73% of women are comfortable accumulating less than $1 million in savings before retirement, compared to 63% of men.

OppenheimerFunds has tapped William C. (Bill) Carey as head of distribution and Martha B. (Marty) Willis as chief marketing officer.

Montgomery, Alabama-based Colonial Bank, closed by authorities in August, has been hit with a stock-drop lawsuit by a retirement plan participant.

Morningstar Associates, LLC, has announced that USI Consulting Group is now offering managed retirement accounts through Morningstar Retirement Manager.

Alabama Attorney General Troy King has taken over a probe into at least $10 million in fees paid by to the Alabama State Employees Association from the 457...

PenChecks is offering a new service to help sponsors carry out mandatory distributions into an IRA.

A new study of MBA students suggests women with higher levels of testosterone are more likely to be less risk-averse and take riskier jobs in finance.

INVEST Financial Corporation (INVEST), a subsidiary of National Planning Holdings, announced a partnership with four banks to provide brokerage and investment services.

A new report suggests what employers can do to address health care and retirement concerns presented by an aging population.

Michael Clark, president of Fidelity Investments’ institutional products group, has stepped down from his post.

Northwestern Mutual Investment Services, LLC, City Securities Corporation, and Fifth Third Securities, Inc., are the latest firms to settle charges with FINRA over the sale of auction-rate securities...

The Financial Industry Regulatory Authority (FINRA) will implement increased margin requirements for leveraged exchange-traded funds (ETFs).

The U.S. District Court for the Southern District of New York has ruled that participants in two retirement plans sponsored by Citigroup failed to state a claim that...

Millennium Trust Company, a provider of custody and IRA services, announced it has been selected as the custodian for John Hancock's plan termination solution.

The majority (54%) of surveyed employees reported satisfaction with their company’s retirement program.

Having a due diligence process can ensure that a 403(b) plan is running smoothly.