News

Low-income workers receive more benefits when participating in a 401(k) plan, according to the Center for Retirement Research at Boston College.

Securian Financial Group appointed Christopher M. Hilger to president, effective January 1, 2012.  

Thirty-nine percent of Americans say the Social Security retirement age will jump to 80 by 2036.   

A report says companies will need to manage the effects global aging patterns will have on their workforce and customers.  

TIAA-CREF has launched the Global Natural Resources Fund.

African-American small-business owners are more than twice as likely as other small-business owners to provide more access to 401(k)-type plans within the next 12-24 months. 

Advisers’ interest in alternative investments is on the rise, and smaller, boutique asset managers may meet the criteria advisers want more than larger, “brand name” firms.

Bank of America plans to add more than 160 Merrill Edge Financial Solutions Advisors (FSAs) across Southern California and Arizona.

The U.S. mutual fund industry is on track for $80 billion in net inflows for the year; more than $100 billion less than 2010 or 2009.

Morningstar, Inc. has launched a sector classification system for the universe of fixed income funds. 

Genworth Financial has launched two index annuities, which allow consumers to allocate across five different crediting strategies based on individual needs and risk tolerances.

Security Benefit is launching SecurePoint Retirement, a 401(k) product with 3(38) investment management fiduciary protection from Mesirow Financial.

What will be the top four regulatory items for financial advisers to deal with in 2012? Josh Cohen and Ben Jones of Russell Investments shared their thoughts.

From 2006 to 2010, the percentage of Americans planning to retire at age 80 more than tripled.

The Internal Revenue Service issued the 2012 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.