News

The 3rd U.S. Circuit Court of Appeals has ruled that a plan administrator did not abuse its discretion in denying a disability retirement benefit payment to an employee...

In a speech before the New York City Bar Association, marking the end of his first 100 days as director of the Securities and Exchange Commission Division of...

ShareBuilder 401k, provider of 401(k) plans for businesses with one to 250 employees, has introduced a 401(k) offering to be sold through registered investment advisers (RIAs).

Legg Mason Inc. reorganized five funds in its ClearBridge Advisors unit as money manager Alan Blake and Hersh Cohen, the division’s investment chief, are set to retire.

Morgan Stanley Smith Barney (MSSB) became the latest wirehouse to put its foot down on exchange-traded funds (ETFs).

A federal judge considering a series of lawsuits against the failed Washington Mutual (WaMu) told lawyers that she will likely decide on initial motions to dismiss the cases...

While most advisers offer employer benefits retirement planning services, only a quarter of clients use those services, according to research from Cerulli Associates.

A new survey found that in addition to reducing 401(k) contributions, employers are looking to cut cost by negotiating fees with their providers or advisers.

The Financial Industry Regulatory Authority (FINRA) has fined Ameritas Investment Corp. $100,000 and suspended and fined one of its brokers for inducing customers to take on additional home...

Verity Asset Management added five new investment adviser representatives as part of its expansion of advisory services in the 403(b) marketplace, the company said.

While moving to independence is easier for advisers than ever before, it’s still not exactly easy.

The chief U.S. securities regulator is now advocating that the U.S Securities and Exchange Commission (SEC) should be funded directly from industry fees.

Following is a summary of mutual fund filing changes complied by Strategic Insight (an Asset International company, and sister firm of PLANADVISER) from recent prospectus filings.

Morgan Stanley Smith Barney announced that clients can access unlimited Federal Deposit Insurance Corporation (FDIC) insurance on cash held through its Bank Deposit Programs.

iShares introduced three free separately managed account (SMA) Web tools for financial professionals and their clients.

Two-thirds of Ohio middle- and high-school students whose financial habits were tracked after going through a financial literacy program reported saving more.

The QVC home shopping network turned away workers at its Rocky Mount, North Carolina, distribution center as part of a probe into whether 401(k) hardship loans they’ve received...

A Principal Financial Group research project has found that nonqualified deferred compensation (NQDC) plans are apparently moving down market.

Median asset levels in defined contribution and IRA/Keogh plans dropped at least 15% from year-end 2007 to mid-June 2009, according to the Employee Benefit Research Institute (EBRI).

Small, entrepreneurial investment management firms maintained a performance advantage over larger, established firms through last year’s market downturn, according to updated research on emerging investment managers by Northern...