The U.S. defined benefit pension market is going to be hit with a massive shakeup that will see three-quarters of private-sector DB assets frozen or terminated in the next five years, compared to 25% currently.
BISYS Group, Inc. has agreed to a $25 million settlement with the Securities and Exchange Commission (SEC) over charges that the financial services provider used improper accounting practices to overstate earnings by as much as $180 million.
The Vanguard Group announced that it has filed a registration statement with the Securities and Exchange Commission (SEC) for its fifth international ETF.
IndexIQ Inc. has agreed to provide indexing solutions to Advisor Partners LLC, a separate account manager serving the professional high end adviser market.
Although the ruling in Financial Planning Association v. SEC was set to go into effect today, the Securities and Exchange Commission (SEC) has filed a stay, asking for more time to transition fee-based brokerage accounts into other account types.
There’s little question that automatic enrollment “works,″ at least in terms of turning employees into participants—just as there is little doubt that, left to their own devices, too many employees remain on the retirement-savings sidelines.
Fear, regret, inertia, aggressiveness, and susceptibility can influence retirement investors to react to market uncertainty in ways that may not be in their best interest, according to a new Prudential Financial survey.
Five black current and former employees of Bank of America Corp. filed a discrimination suit Thursday against the bank, alleging that it assigns its black employees to primarily minority neighborhoods and low net-worth accounts.
Harris Investment Management is now offering institutional investors a long equity portfolio geared toward the microcap U.S. equity market, an international equity product, and a long/short equity product.
Nearly three-quarters of workers say they plan to continue working on a part-time basis after retirement; 21% say that part-time work will be a major source of retirement income and 52% say it will be a minor source.