News

Apparently the softening economy is also weighing on the value of major league baseball teams.

Recent media reports on 401(k) plan losses, excessive fee suits, and the move many sponsors are making from defined benefit offerings to defined contribution offerings has fostered negativity...

Cleveland-based Victory Capital Management has launched three collective trust funds bringing its domestic and international capabilities to 11 strategies, the firm said in a news release.

A federal judge in South Florida has thrown out virtually all of the allegations leveled against U.S. Sugar Corp. of Clewiston, Florida, in a class action lawsuit.

Mutual fund assets will grow at a faster rate in the independent, regional, and registered investment adviser (RIA) channels, compared with the wirehouse, bank, and insurance channels, according...

CC Media Holdings Inc., the parent company of radio-and-billboard giant Clear Channel Communications Inc., announced it is laying off about 590 people in its radio division and suspending...

BNY Mellon Asset Servicing has announced several enhancements to the online Form 5500 reporting capabilities of its Web portal Workbench.

Two platforms, Hewitt Associates and Mercer, have taken up Prudential Retirement's IncomeFlex Target guaranteed income product.

Retirement plan recordkeeper ExpertPlan announced it has hired John Farmakis as its new executive vice president of Sales, Marketing&Business Development, effective May 1.

West Liberty Foods, a production facility owned by the Iowa Turkey Growers Cooperative, will suspend the matching contribution into employees’ 401(k) accounts, effective immediately.

Workers who expect to work during retirement and those who do not expect to are equally likely to save for retirement, according to data from the Employee Benefit...

Customers can follow their bank on Twitter.

Seno Bril joined the SunTrust Banks, Inc., as managing director and head of International Wealth Management.

The Principal Financial Group now offers a service to help financial advisers work with their business owner clients to ensure buy-sell agreements are more effective.

Bank of America Corp. is getting rid of one of its pay cuts for some lower producers, according to reports.

AdviceAmerica, a provider of financial adviser software solutions, announced the next generation of its AdvisorVision product.

Investors aged 28 to 52—those in the prime saving and asset accumulation phase of life—aren’t looking far for help making investment decisions.

Wachovia Bank, a subsidiary of Wells Fargo&Company, has agreed to acquire the defined contribution plan recordkeeping business of Texas-based Comerica Bank.

In response to the market downturn, financial advisers are adjusting how they construct and manage portfolios to meet the income needs of clients living in retirement, according to...

The American Bar Association Retirement Funds Board of Directors has named Scarlett Ungurean as the program's executive director.