News

The Securities and Exchange Commission (SEC) and Bank of America Corp. yesterday defended their proposed $33-million settlement over executive bonuses paid to Merrill Lynch executives.

A federal judge approved a $17-million settlement in a stock-drop case against UnitedHealth Group.

Prudential Annuities said its new Web site educates consumers about variable annuities in language that makes sense.

Plan sponsors might want to prepare for the possibility of retirement plan limits dropping for 2010, Mercer said.

Aon Consulting Worldwide has appointed Martha Spano as a senior vice president and Central West Coast regional leader for Aon Investment Consulting in the Los Angeles office.

Security Administrators, Inc., a subsidiary of Security Mutual Life Insurance Company, introduced a guide about fully insured plans and cash balance plans.

The MetLife Broker-Dealer Group unveiled an automated advisory product to capture emerging investors, or those investors with as little as $10,000 to invest.

Prudential Annuities said it adjusted its annuity optional benefits, which allow investors to “lock in” the highest daily value of their annuity contract each day the market is...

HSBC will launch Tuesday the HSBC FTSE 100 ETF, the bank's first European exchange-traded fund (ETF).

Three former representatives of Morgan Stanley Smith Barney (MSSB) have left the firm to form Three Bridge Wealth Advisors in Menlo Park, California.

Reuters, quoting anonymous sources, said discussions about a deal for all or a portion of Van Kampen are at an early stage.

The Dow Jones Industrial Average (DJIA), long an iconic measure of the stock market’s performance, may soon have a new name.

QVC employees fired over alleged irregularities in their 401(k) withdrawals said they were treated unfairly.

July was the fourth consecutive month in which long-term fund flows equaled or surpassed $50 billion, according to Strategic Insight (SI), an Asset International company and sister company...

A retirement plan trustee was protected by Employee Retirement Income Security Act's (ERISA) 404(c) safe harbor shield against a lawsuit by two 401(k) participants in connection with wrongdoing...

Despite strong domestic-equity and sound fixed-income performance during the second quarter of 2009, hefty investor assets were cashed out of separate accounts and collective trusts entirely, according to...

Whether an investor is a pessimist or optimist might also indicate how prepared he is for retirement, according to research from Fidelity Investments.

Shams Talib has joined Mercer’s retirement, risk, and finance business as market business leader for the Pacific Southwest.

American International Group, Inc. (AIG), announced that Jay S. Wintrob has been named to the new position of president and chief executive officer of Domestic Life and Retirement...

ProFunds Group has launched an exchange-traded fund (ETF) designed to provide short exposure to the market for long-term U.S. Treasury bonds.