News

Fidelity Investments said Thursday it will cut nearly 1,300 jobs this month, and more layoffs are expected early next year.

The Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA) said they will waive the initial set-up and annual system fees paid by investment...

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Plan sponsors and advisers of 403(b) plans now have access to a specimen document that can help them comply with new legal requirements.

Now that the election is over, what will a Barack Obama administration mean for the future of the markets?

The Newport Group announced it appointed Kris Krikorian and David Semmler as regional directors, reporting to Newport’s Chief Marketing Officer Tom Pittman.

Kravitz, provider of cash balance pension plans, announced it has completed the acquisition of the MaxPlan retirement plan business from JPMorgan Retirement Plan Services.

Two former executives of transfer agent Putnam Fiduciary Trust were given permanent injunctions and ordered to pay civil penalties, the Securities and Exchange Commission announced.

Lincoln Financial Group named Daniel Hayes as head of Funds Management, Retirement Solutions, the company announced.

A federal judge ruled that John Hancock Life Insurance Co. is not entitled to indemnification and contribution.

Wachovia Retirement Services has temporarily extended customer service call center hours to help participants “during this time of financial markets volatility.”

The Texas management consultant whose name has been attached to a landmark U.S. Supreme Court ruling on participants’ legal rights to pursue fiduciary breach claims has no regrets.

In a new report, Charles Schwab says there is a strong connection between a plan sponsor’s company match contribution formula and participant savings rates.

A New York-based commercial real-estate broker and a Pennsylvania broadcasting company are the two latest employers to cease their 401(k) matching contributions as part of belt-tightening efforts.

Direxion announced its entrance into the exchange-traded fund (ETF) space with the Direxion Shares 3x ETFs, slated to begin trading November 5.

Dow Jones Indexes announced the addition of a dozen new countries to its Islamic Market World Index.

Natixis Global Associates (NGA) announced the addition of the Vaughan Nelson Value Opportunity Fund (VNVAX) to the Natixis Funds lineup.

MassMutual’s Retirement Services Division announced plans to expand its participant communication and education beyond retirement-related topics.

The Guardian Life Insurance Company of America adding more features to serve the Spanish-speaking workforce to its employee benefit enrollment services.

World equity markets registered their worst month in history as investors lost an estimated $5.79 trillion during October, Standard&Poor’s Index Services announced Monday.