News

The Morgan Stanley Funds’ Board of Directors/Trustees approved the participation of its money market funds in the U.S. Treasury Temporary Guarantee Program.

The board managing York County, Pennsylvania’s employee retirement plan is trying to stop the $50 billion sale of Merrill Lynch to Bank of America.

MSCI Barra launched the MSCI Frontier Emerging Markets Index and a more tradable proxy for this benchmark, the MSCI Frontier Emerging Markets APEX Index.

More than 60% of global institutional investors, large companies, and pension funds think the government bailout would have a good chance of restoring stability to financial markets, according...

The combined assets of the nation's mutual funds decreased by $9.50 billion, or 0.08%, to $11.578 trillion in August, according to the Investment Company Institute (ICI).

ExpertPlan, provider of private label recordkeeping solutions for the micro to small retirement plan market, will be adding defined benefit plans to its existing suite of retirement products...

Wachovia Retirement Services is one of the business units not going to Citigroup as part of Monday’s acquisition of the Charlotte, North Carolina-based bank.

Stock and bond funds experienced net inflows of $401 million in August, according to the Financial Research Corporation (FRC).

A federal judge cleared the way for participants in Caterpillar’s 401(k) plan to pursue their fiduciary breach claims, but only on issues other than allegations of inadequate revenue-sharing...

MassMutual’s Retirement Services Division appointed Brad Harrison to the position of managing director, Midwest region.

The family office delivery method to service America’s wealthiest clients has been on the wealth management scene for a while, and is here to stay, according to research...

The Financial Planning Association released a Standard of Care, which clarifies the role of a fiduciary adviser in financial planning situations.

TradePMR and Sterne Agee Financial Services (SAFS) announced the new Hybrid Advisor platform designed to serve both commission and fee-based clients.

Pershing LLC said its BondCentral trading platform expanded to incorporated more structured product choices for the company’s broker/dealer and independent registered investment adviser (RIA) customers.

Between 2008 and 2013, rollovers from 401(k), 403(b), and 457 plans will account for nearly $1.9 trillion of asset flows into traditional IRAs, which will increase to $6.1...

One of my favorite quotations is George Santayana’s, “Those who cannot remember the past are doomed to repeat it.″

The Internal Revenue Service (IRS) decided to extend its temporary halt on rulings and determination letters regarding the tax consequences of nonqualified deferred compensation arrangements described in §409A...

A federal judge in Massachusetts cleared the way for a participant invested in a company stock fund to pursue a fiduciary breach suit.

William Hart, founder of Chicago-based Hartline Investment Corp., was elected chairman of the board of National Advisors Trust, owned by more than 130 independent financial advisory firms nationwide.

Despite the volatility and uncertainty in the markets, 29% of financial intermediaries are investing more in equity funds while only 24% are investing less, according to research from...