News

The Hartford Financial Services Group has unveiled an enhanced 401(k) aimed at the small- and medium-sized market segments and plans with up to $10 million in assets.

Putnam Investments named Benjamin Lewis as managing director of Defined Contribution Sales and Relationship Management.

CVC Capital Partners is in exclusive talks with Barclays to buy its exchange-traded funds business, iShares, according to a news report.

The combined assets of the nation's mutual funds decreased by $372.1 billion, or 4%, to $9.036 trillion in February, according to the Investment Company Institute (ICI).

Lancaster County (Pennsylvania) school districts are scrambling to track employees' 403(b) retirement contributions after a company hired to administer the funds failed to deposit some of the money...

One Pensacola public pension fund has filed suit and a second is considering going to court over allegations Merrill Lynch is responsible for what the funds claim are...

Envestnet, a provider of solutions to financial advisers, and Nationwide have partnered to offer two annuity products.

Transamerica Retirement Services announced the promotion of CEO and President Kent Callahan to group head of Employer Solutions and Pensions for the AEGON companies.

Participants in 401(k) plans administered by Hewitt Associates will now have access to financial advice from Financial Engines.

Bank of America Corp. (BofA) might pump up the salaries of its investment bankers in order to match salaries of the recently acquired Merrill Lynch&Co.

General Motors Asset Management (GMAM) has changed its brand identity to Promark Global Advisors, Inc. (Promark).

Even after the recession ends, Americans said their spending will return to just 86% of pre-recession levels, according to a survey by AlixPartners, a global business-advisory firm.

Six weeks after announcing Mercer would acquire Callan Associates to form one of the largest investment consulting operations, the two firms announced Monday that the deal was off.

The West Penn Allegheny Health System is temporarily suspending its match contribution to employee 403(b) accounts.

Those in Washington are asking fundamental questions about the retirement plan industry—questions that have not been asked in a long time, including “whether what we do works,″ said...

Wachovia Securities has changed its recruiting deal for financial advisers so that it will now base payouts on an adviser’s last three months’ production instead of the traditional...

Private equity consortiums pursuing Barclays' iShares investment unit have until Sunday to submit binding bids, unnamed sources told Reuters.

The latest Fidelity Investments retiree medical expense estimate is that a 65-year-old couple retiring in 2009 will need approximately $240,000 to cover the cost of medical care –...

MassMutual has announced the addition of two sales managers for its defined contribution and Taft-Hartley business segments.

As if retirement savers didn’t have enough problems, last week Fidelity Investments reminded us how much money we’re going to need for health care.