News

Woodbury Financial Services, Inc., recently launched a Web site to offer tools and support for its registered representatives to reach their business objectives.

Lawyers representing plaintiffs alleging a fiduciary breach in the operation of the RadioShack 401(k) have asked a federal judge to certify the suit as a class action.

American United Life Insurance Company (AUL) teamed up with American Century Investment Services, Inc., to offer LIVESTRONG Portfolios to AUL Retirement Services clients.

Those who are committed to saving money and take a disciplined approach to spending are better prepared for the down economy, according to a study by HSBC.

The Bank of New York Mellon launched The Bank of New York Mellon Classic ADR Index and 34 subindexes, including two market, three regional, 10 sector and 19...

OppenheimerFunds, Inc., announced that Manind ('Mani') Govil was named team leader and portfolio manager of the Main Street equity team.

A new survey found three-quarters (75%) of consumers who own an insurance product prefer to buy life products from an agent or another trusted source, such as an...

Seems as though lately everyone wants to 'fix' the 401(k), but a new whitepaper suggests a different take.

Buffalo, New York-based P&A Retirement Plan Services has announced a program that allows participants of defined contribution plans to buy and sell ETFs like mutual funds.

Putnam Investments launched two new funds that collectively invest across the full spectrum of securities of leveraged companies.

The Internal Revenue Service proposed rules that would permit employers affected by substantial business hardship to decide mid-year to reduce or suspend non-elective contributions to safe harbor 401(k)...

The Hartford Financial Services Group, Inc., has made funeral planning benefits available to workers at no additional cost through employers that add group life insurance coverage to their...

The U.S. Department of Labor obtained court judgments ordering that $97,317 in benefits be restored to the 401(k) retirement fund of now-defunct Triangle Laboratories.

Covenant College in Georgia ceased making matching contributions to employees' 403(b) retirement accounts.

To help independent investment advisory firms maximize employee efficiency and productivity, Charles Schwab announced a series of performance management tools for advisers available through its Human Capital offering.

Rockford, Illinois-based Amcore Financial is cutting its 401(k) match, executive pay—and a couple of executives.

Under proposed legislation, participants undergoing specific financial hardships would get some relief on 401(k) penalties.

While considering selling its iShares unit to the CVC Capital Partners Group equity firm, Barclays has also received inquiries from other possible suitors for its Barclays Global Investors...

The Internal Revenue Service (IRS) ruled that an arrangement under which employees could give up the right to get retiree health benefits in exchange for a higher future...

The American Red Cross of Greater New York has joined the list of firms dropping or suspending 401(k) matches because of the economic downturn.