News

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.

Just more than a third of U.S. employers responding to a recent survey said they have cut back or cut out their defined contribution plan match since January...

Let’s see how Bernard Madoff stacks up against Charles Ponzi himself.

A federal judge ruled that State Street Bank and Trust Co. was acting within its scope as a directed 401(k) trustee in its 1985 Delphi Corp. stock sales...

A group of Republican Congressmen have proposed a plan they say offers a shot in the arm for American savings.

Fidelity Investments has announced plans to reopen two existing funds, and to open a third.

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.