News

Brian Moynihan will take over as Bank of America’s (BofA) CEO and president following the retirement of Kenneth Lewis on December 31, the company announced.

Prudential Financial, Inc., announced that it will rename its mutual fund family, JennisonDryden, to Prudential Investments.

The next time you see a bad driver on the road, you could blame genetics, recent research suggests.

New research from the Sun Life Financial Unretirement Index revealed that more working Americans seek financial advice from family members and friends than from financial advisers, the media,...

MassMutual's Retirement Services Division has announced plans to introduce its new RetireSmart participant engagement platform in the second quarter of 2010.

Pioneer Investments has announced seven additions to its U.S. sales team, continuing the expansion of its sales force aimed at supporting the firm’s largest retail clients.

U.S. money managers participating in a recent Russell Investments poll are apparently an optimistic bunch, predicting equity markets still have room to grow during 2010.

The SPARK Institute has released a draft of new guidelines for ERISA-covered 403(b) plans that, due to new regulations, must now file a full Form 5500.

Regulators might already be taking a harder look at target-date funds, but it now looks as though Congress will get into the mix as well.

A Bloomberg news report said six of the nine largest U.S. target-date fund providers by assets have junk bonds in their 2010 portfolios.

Financial firms surveyed by Cerulli Associates said examination of fees, such as 12b-1 reform, will be the greatest regulatory impact in the coming year.

Index provider Russell Investments is teaming up with Axioma, Inc., a provider of tools for portfolio optimization and risk analysis, to create a series of factor-based indexes.

Putnam Investments hired Scott Sipple as head of Strategic Relationships, focused on communication with the asset management research platforms of major wealth management firms.

The Newport Group has appointed Ann Ennis to the position of vice president, Financial Institution Services.

Clark Consulting, Inc., has announced executive promotions and hires designed to help the company improve services in the fields of executive benefits and strategic financing solutions, such as...

Next month employers and plan fiduciaries in the Los Angeles, California area will get a chance to better understand their fiduciary responsibilities.

Investors expect moderate economic growth and solid returns in global equities in 2010, according to the BofA Merrill Lynch Survey of Fund Managers for December.

Eastman Kodak workers recently got some good news.

Most Americans don’t have money set aside for unanticipated financial emergencies and are not adequately getting ready for their children’s college expenses and their own retirement, according to...

A new survey asking respondents to choose a movie title that best describes their near-term financial future revealed more positive outlooks than negative.