News

Now that all the hype and barrage of new offerings in the market have died down, is there still opportunity in target-date funds for asset managers?

Research from The Principal Financial Group found that American business owners lack a long-term plan to exit or transition their business.

BrightScope, a 401k ratings and analytics firm, has rolled out what the firm calls a “groundbreaking Web application for 401k decision makers at companies of every...

The board of directors for PEGASYS, a public-access television station in Enid, Oklahoma, has approved a change in employee retirement plans.

Asset International, Inc. (‘AI’) has agreed to acquire Strategic Insight (“SI”), a research and technology firm serving the investment management industry.  

A new Cerulli report says institutional ownership of mutual funds totaled $4.3 trillion at year-end 2008, a decline of 12.3% from prior year totals.

Brian Mineweaser has joined DST Retirement Solutions as director of new business development.

Apparently “Venus” is tightening her belt more than “Mars.”

Standard Retirement Services has released an online defined benefit calculator that allows retirement plan participants to compare alternative pension income scenarios based on different assumptions and variables.

Morgan Stanley Smith Barney launched Select Retirement, an optional income protection feature that is specially designed to augment the Select UMA unified managed account program.

JennisonDryden, the proprietary mutual fund family of Prudential Financial, Inc., has hired Joseph Gill as vice president of client management in its investment-only defined contribution (IODC) group.

Putnam Investments said it will make sweeping changes to the management fees on its retail mutual funds.

The Financial Industry Regulatory Authority (FINRA) said it has fined Merrill Lynch, Pierce, Fenner & Smith, Inc. and UBS, as well as some Merrill brokers, for supervisory failures...

The Securities and Exchange Commission (SEC) yesterday made permanent its temporary rule aimed to curb abuses of short-selling.

SunGard has teamed up with iShares to launch a solution to help advisers and third-party administrators (TPAs) incorporate exchange-traded funds (ETFs) as standard options in defined contribution plans.

An Albuquerque, New Mexico-based firm has launched an “Individual 401k (i401k)” for small-business owners looking for retirement plan options.  

A global survey commissioned by ING DIRECT found Americans are less likely than people in other nations to sacrifice cars and pets to save money.

Morningstar, Inc., has launched a nationwide directory of retirement plan service providers.

MassMutual announced it is continuing to develop its sales team with the addition of Francesca Messano as managing director covering southern California and Hawaii.

Starbucks announced to its U.S. employees that it will make the company discretionary match to the Future Roast 401(k) Savings Plan for the 2009 plan year.