News

The Keane Organization, a provider of compliance and risk management solutions to Fortune 1000 corporations, has promoted Mark Sweatman to president of Keane’s Retirement Services Division (KRS).

The combined assets of the nation’s mutual funds increased by $211.8 billion, or 2%, to $10.824 trillion in September, according to the Investment Company Institute (ICI).

Altegris named Ken McGuire as COO to oversee the growth and development of APM Funds, the company’s flagship line of alternative investment products.

The Phoenix Companies, Inc., has formed a distribution company, Saybrus Partners, Inc., which has agreed to provide life insurance consulting services for financial advisers at Edward Jones.

The recent economic turmoil brought great change to the markets, but a recent survey by a defined contribution plan consultant indicates most of its clients and prospects came...

BrightScope, a 401(k) data and analytics firm, and Target Date Analytics LLC, a consulting and research firm, unveiled the BrightScope On Target Index to help measure the risk...

The ABA Retirement Funds Program has launched what it calls "an enhanced investment structure" for program participants.

Great-West Retirement Services announced that the City of Jacksonville, Florida, has hired it as the city’s exclusive provider for its 457 deferred compensation retirement plan and its 401(a)...

TIAA-CREF has appointed Teresa Hassara as senior managing director and head of Institutional Client Services and Kevin Nazworth as vice president and head of the organization's Health Care...

Bank of America Merrill Lynch Retirement & Benefit Plan Services' quarterly report on plan and participant activities within its proprietary 401(k) business found 60% of participants started or...

A new partnership between EPIC Advisors Inc. and Mutual of Omaha offers banks and trust companies a retirement plan offering to provide to their clients.

Charles Schwab is rolling out eight new ETFs with expense ratios matching or lower than its competitors at Vanguard, State Street, and Barclays.

A new report predicts that rapid growth will restructure the asset allocation and packaging of target-date products and that target-date and target-risk retirement vehicles will attract 80% of...

A federal judge in New York has turned away a request by lawyers from State Street Bank & Trust to postpone preliminarily approving an $89.75-million settlement in a...

Nearly half (49%) of 63 surveyed CFOs at financial services firms said their companies are reducing employee bonuses in the next six months, according to Grant Thornton LLP.

Thomas Harty has joined Plan Sponsor Advisors in a new senior consultant position, according to Jennifer Flodin and Donald Stone, co-founders of the Chicago-based retirement and investment consulting...

Invesco Aim has made some changes to the firm’s target-date funds.   

Gilbert Van Hassel was named as global chief executive of ING Investment Management, days after ING announced that the division will be spun off as a separate company.

In an effort to attract higher-level advisers, Raymond James Financial Services’ Investment Advisors Division increased the minimum level of assets under management required for new affiliations with registered...

LPL Financial Corporation (LPL) has agreed to pay nearly $1.3 million in restitution to Montana investors in a Ponzi scheme run by an independent broker.