News

The extent to which investors delegate investment decisions to their advisers seems to shape how much investors value the relationship, according to the Investment Company Institute (ICI).

That retirement plan assets plummeted in value during 2008 is not news to participants, but newly released data puts a total value on the decrease: 22% to $14...

More than half of Gen Y respondents to a recent MetLife study are interested in getting workplace access to financial planners to help with retirement planning.

Millionaires might be working longer, too.

The Financial Industry Regulatory Authority (FINRA) is proposing a major expansion of its BrokerCheck service—to make records of final regulatory actions against brokers permanently available to the public,...

Frontier Financial Corp. said it is suspending the company’s matching of employee 401(k) plan contributions, effective May 1.

Although it is too early to tell what will become of the proposed advice legislation, it raises practical application questions.

Facing a decline in corporate sponsorships, National Public Radio announced layoffs and benefits changes in an attempt to close a $15 million budget gap.

Ascensus, a Dresher, Pennsylvania-based recordkeeper and benefit administrator, said it has expanded its trading capabilities.

ING said it has updated its microsite, www.INGyournumber.com, to make it easier for visitors to “calculate and protect their retirement savings during uncertain market conditions.”

Standard&Poor's Equity Research Services released MarketScope 3.0 (MSA), a platform that provides financial advisers with investment intelligence and tools about multiple asset classes.

Dallas, Texas-based Kimberly-Clark Corporation will freeze its defined benefit pension plan for non-union workers on December 31 and adopt a new 401(k) program.

Members of the U.S. House GOP’s Savings Solutions Group on Wednesday introduced the Savings Recovery Act, a bill designed to “help families protect what they have and begin...

TDAM USA Inc. announced the launch of a new mutual fund for institutional investors.

The state of Ohio’s two 529 college savings plans earned spots at both ends of the spectrum in a new Morningstar national ranking of 529 programs.

Almost one-fifth of workers ask a financial adviser how much they need to accumulate to retire, according to the Employee Benefit Research Institute’s (EBRI) latest Retirement Confidence Survey.

A bill was introduced in the House of Representatives to update the investment advice regulations to the Pension Protection Act to allow for independent investment advice.

Ibbotson Associates reported that the first quarter of 2009 is the sixth quarter in a row that the average target-maturity fund experienced a loss.

Portland, Oregon-based investment consultant Arnerich Massena&Associates tapped Kieran Stover as director of business development for the firm’s Non-Profit and Wealth Management divisions.

Mercer said it launched on online educational program to help individuals stay on track with their long-term financial objectives while also acknowledging their concerns in the volatile economic...