News

They say that history repeats—and that those who do not learn from the past are destined (doomed?) to repeat it.

AIG’s new CEO Bob Benmosche is no longer looking for a buyer for the insurance giant’s advisory group, InvestmentNews reported.

A New York-based law firm has launched two company stock fund investigations.

Journey Financial Planners, a fee-only, independent registered investment advisory (RIA) firm in Massachusetts, is now also serving private businesses seeking solutions for their retirement plans.

JennisonDryden, the proprietary mutual fund family of Prudential Financial, Inc., has added the Dryden Total Return Bond Fund (PDBAX) to the fixed-income allocation of its full lineup of...

A settlement has been proposed in a class-action lawsuit involving Wal-Mart’s 401(k) and profit-sharing plans.

BPAS said its new benchmarking tool helps financial intermediaries prepare for annual plan meetings.

Affiliated Computer Services (ACS) has introduced Healthy 401(k) Plan Analytics, a software tool allowing sponsors to track and analyze participant behavior and trends.

Millions of Fidelity customers invested in two of its target-date funds have voted for a proposal to prevent holdings in investments in companies that substantially contribute to genocide...

Results from the Employee Ownership Foundation’s 18th Annual ESOP Economic Performance Survey found that 88.5% of ESOP companies outperformed the stock market in 2008.

10 Things You’re (Probably) Doing Wrong—or Not Doing Right—as a Plan Fiduciary 

JPMorgan Chase & Co. has successfully convinced a federal judge that a former employee should be barred from moving forward with allegations about the company’s cash balance conversion.

New York-based asset manager Van Eck Global has launched Market Vectors Vietnam ETF (NYSE: VNM) on NYSE Arca.

DailyAccess Corporation, a Mobile, Alabama-based plan service provider, has acquired Leggette Actuaries, Inc.

The U.S. Department of Labor has sued defunct Vinyl-Mark Products Inc. of Hueytown, Alabama, and the company's pension and profit-sharing plan trustees for allegedly misusing plan assets to...

The Vanguard Group has shuttered its PRIMECAP Core Fund to advisers and institutional clients such as defined benefit plans, endowments, and foundations.

The Securities and Exchange Commission (SEC) fined AXA Advisors $50,000 related to retirement-fund fraud by a registered representative.

Add this to the list of studies about how to improve job performance: Increased sexual activity might lead to an improvement in problem-solving, confidence, and teamwork.

The number of employers planning to reinstate a matching contribution to 401(k) plans has increased in the past two months, according to the latest research from Watson Wyatt.

Affluent investors are dismal about their short-term financial situation, but many are turning to advisers for help.