News

The United Way for Southeastern Michigan has cut management and staff compensation and suspended its 403(b) retirement plan match for a year.

A ruling by a federal judge in the U.S. District Court for the District of Minnesota splits the district on the issue of whether cashed-out retirement plan participants...

The U.S. District Court for the District of New Jersey has refused to issue summary judgment for Merck&Co. on claims the drugmaker breached its fiduciary duties by continuing...

The economic climate might make client retention more difficult—but there’s also opportunity for retirement plan advisers.

The U.S. Department of Labor (DoL) is suing former National Football League (NFL) player Michael Vick and his former financial advisers alleging violations of federal employee benefits law.

Almost three-fourths of polled Americans won’t be spending their tax refund for 2008.

JPMorgan Chase&Co. said it will stop matching 401(k) contributions for its roughly 200,000 workers worldwide, the Dayton Business Journal reports.

President Barack Obama on Wednesday nominated Phyllis Borzi for the position of assistant secretary of Labor, Employee Benefits Security, to head the Department of Labor's Employee Benefits Security...

Northern Trust has launched a tool designed to make it easier for institutional clients to manage the workflow and reporting needs related to oversight of investment managers.

TIAA-CREF said it plans to intensify pressure on target companies that maintain business relations with the Sudanese government, and will divest from companies that fail to take meaningful...

Longfellow Benefits promoted David Boucher from vice president to senior vice president, corporate benefit services.

Putnam Investments unveiled a new defined contribution platform for advisers and their plan sponsor clients.

A Houston law firm has cast a wide net looking for participants who want to sue their employers for a breach of their fiduciary duty.

FolioDynamix enhanced its unbundled turnkey asset management program with the addition of its Principled Portfolio Solutions (PPS) discretionary investment management program.

The Financial Industry Regulatory Authority (FINRA) said it fined Morgan Stanley&Co. for failing to prevent brokers from violating FINRA rules for IRA rollovers/retirement accounts.

Russell Investments found professional money managers were more bullish for fixed-income asset classes than equities for the first time in its survey’s five-year history.

Mercer announced Wednesday it is expanding sales of its defined contribution administration services to add distribution through the adviser channel.

A substantial majority of retirement plan service providers are unsure about how to comply with the new Form 5500 Schedule C reporting requirements, according to a recent survey...

The number of Generation Xers (ages 27 to 42) who are unprepared for retirement is dramatically on the rise, according to a study commissioned by Scottrade.

Morningstar, Inc., has launched Fund Flows, a tool for monitoring current fund asset flow and market share data, in Morningstar Direct, the company's research platform for institutions.