News

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...

JennisonDryden reopened the Jennison Health Sciences Fund (Class A: PHLAX) to all investors, effective immediately.

The Health, Employment, Labor, and Pensions Subcommittee of the U.S. House Education and Labor Committee held a hearing on Wednesday about fee disclosure to retirement plan participants.

Legislation about full fee disclosure was introduced in the U.S. House.

The MetLife Broker-Dealer Group launched enhancements to its Wealth Management Services (WMS) platform, including a flexible unified managed account (UMA).

Citi announced that Deborah Doyle McWhinney will head Citi Personal Wealth Management, comprising the existing U.S. network of Citibank branch-based financial advisers and other financial planning and wealth...

Financial advisers in the Midwest might have “happier″ clients.

Weyerhaeuser Co. said it approved the temporary suspension of 401(k) matching contributions for all employees.

Although most Americans are sticking with their 401(k)s, it does not solve the savings crisis in America.

A recent Gallup poll shows that, for the first time this decade, a majority (52%) of non-retired Americans say they will not have enough money to live comfortably...

The majority of active fund managers underperformed benchmarks across all categories over the past five years, according to Standard&Poor’s.

There was widespread adoption of similar employee benefits communications techniques among employers responding to a recent survey.

U.S. life insurer Lincoln National Corp. is selling its Delaware Investments asset management unit, according to Reuters.

UBS has joined with Foundation Source, a provider of support services for private foundations, to provide customized private foundation services for UBS clients.

In a new study, Pershing said advisory firms must harness human capital management to enhance operational efficiency and achieve long-term success.

The Student Loan Corporation (SLC), a subsidiary of Citibank, N.A., launched two interactive tools that provide advice and guidance for consumers about the basics of obtaining and paying...

Day-to-day expenses might be top-of-mind for Americans, but they are still concerned about having a secure retirement, according to a recent survey from AXA Equitable Life Insurance Company.