News

At a recent House hearing, speakers affirmed the need for independent financial advice.

Stock and bond funds experienced net outflows of $18.1 billion in February, reversing a $22.2-billion January inflow, according to the Financial Research Corporation.

DST Retirement Solutions was selected as the recordkeeping service provider for AARP Financial, Inc.'s newly launched small business 401(k) program.

The Newark Star-Ledger is stopping contributions to its employee pension plan and increasing its match to the 401(k) plan.

A judge gave the OK for current and former Pfizer Inc. and Pharmacia Corp. employees to move forward with their fiduciary breach suit.

A federal judge has consolidated eight employee stock-drop cases against American International Group, Inc. (AIG)

FundQuest has launched a new system allowing advisers to automatically create fact sheets for clients.

Serena Simons has joined The Segal Company as a senior vice president and National Compliance Retirement Practice leader.

Infrastructure is poised for growth as an investment opportunity, according to a panel hosted by Dow Jones Indexes.

Bank of America (BofA) shareholders are trying to oust CEO Kenneth Lewis and two other board members, according to reports.

Stifel, Nicolaus&Company, Incorporated, will acquire up to 55 branches of UBS Wealth Management Americas from UBS Financial Services Inc. for an upfront cash payment of about $27 million,...

The Securities and Exchange Commission (SEC) said it is considering putting off rule 12b-1.

Hennessy Advisors, Inc., acquired the assets related to the management of the Tamarack Large Cap Growth Fund and the Tamarack Value Fund, the company said.

Plan sponsors and employees see some retirement concerns differently—including access to financial advice, a new study by MetLife suggested.

Advisers continue to stick with the basics, using dividend-paying stocks or mutual funds and systematic withdrawals from mutual funds to fund their clients’ retirement income, according to Cerulli...

The number of The Hartford Target Retirement Funds available in The Hartford Mutual Funds Family has expanded from three to nine.

Morgan Stanley Global Wealth Management Group said its Corporate Retirement Solutions Group broadened its retirement plan platform by teaming up with Ascensus.

Wachovia Securities will reinstate a former adviser as well as award him back pay and damages for violating the Uniform Services Employment and Reemployment Rights Act (USERRA).

FTSE Group launched the FTSE EPRA/NAREIT Global Indices.

A group of independent retirement plan investment advisers formed the National Association of Independent Retirement Plan Advisors (NAIRPA), a sister organization to the American Society of Pension Professionals&Actuaries...