News

The maximum amount of earnings subject to Social Security tax starting in January 2009 will be increased to $106,800 from $102,000, the Social Security Administration (SSA) announced Thursday.

The Internal Revenue Service (IRS) Thursday announced an increase in contribution limits for defined contribution plans for 2009.

As published by the Internal Revenue Service:

Retail wealth management, particularly in the fee-based arena, could come out of the financial crisis much stronger, according to a recent TowerGroup report.

Two Congressional lawmakers have formally called on the Treasury Department to suspend the tax penalty for taxpayers who do not take the minimum required distribution from their 401(k)s.

While plan fees remain a red-hot issue for plan sponsors, a relatively small number of sponsors say they are likely to switch to cheaper fund alternatives or move...

About two-thirds of blacks (compared with about a half of whites) say they would increase contributions to their retirement plan if employers provided access to financial advisers, seminars...

Matrix Financial Solutions, Inc., announced the release of its advisory desktop product, RetireTool(k)it.

The Financial Industry Regulatory Authority (FINRA) fined SunTrust Investment Services, Inc., $700,000 for violations relating to its fee-based brokerage business and excessive commissions.

Investors are waiting for the right conditions to return to equity markets amid the most pessimistic outlook yet recorded, according to Merrill Lynch’s Survey of Fund Managers for...

Eaton Vance said it expanded its Web site to include education for advisers about the effect of taxes on investment returns.

Investors show concern about the tax on their fund returns, but many are not investing in tax-managed funds, according to a survey by Eaton Vance Corp.

Morningstar, Inc., introduced a research module offering coverage of U.S. exchange-traded funds (ETFs), including portfolio holdings and Morningstar analyst commentary.

Artio Global Investors Inc. (formerly Julius Baer Americas Inc.), rebranded its suite of U.S.-registered mutual funds, effective Monday.

FRC’s latest ADVISOR INSIGHT report found that Russell, American Century, and Putnam received the best approval ratings from advisers.

Participants didn’t panic in September – but they did respond to market events.

As the main source of financial information for affluent investors, advisers can help them move through the crisis.

Eight (mostly) former employees of Fidelity Investments have reached preliminary settlements with the U.S. Securities and Exchange Commission (SEC) in a gift-taking probe, according to Reuters, citing court...

Lincoln Financial Group combined its two micro-small market group variable annuity offerings into a workplace retirement plan.

Wilmington Trust Corporation said it completed the acquisition of UBS Fiduciary Trust Company (UBSFTC).