News

A survey found that participants appear to be responding to the economic and financial crisis by delaying retirement, saving less, and reallocating their retirement investments.

Pacific Life unveiled a sales kit designed to help advisers working with business owner clients use life insurance to close the retirement savings shortfall in defined benefit plans.

The defined contribution investment only (DCIO) market composes 12% of all 401(k) plans, or approximately 63,000 plans, according to a Spectrem Group study.

Much of the spending increases in the DCIO market are being directed at new sales force hires and marketing programs designed to support retirement plan advisers, according to...

The fiduciaries of BP Corp. North America Inc.'s retirement plans have accused Northern Trust Co. of breaching their fiduciary duties by not disclosing substantial securities lending losses.

In a statement presented to a recent Congressional Committee, the Investment Company Institute (ICI) made a compelling case for riding out the current market turmoil.

Fidelity Investments said on Tuesday it was reviewing its costs and staffing, Reuters reported.

A Fidelity Investments survey found that nearly half (45%) of Americans age 61 are planning to begin taking Social Security at 62, the first year that eligible recipients...

Fidelity introduced a series of new educational resources to help Americans better understand their Social Security options, and how it can impact their retirement income.

KLD Research&Analytics, Inc.â€″a provider of environmental, social, and governance (ESG) research and indexesâ€″and global index provider FTSE have partnered to offer a suite of ESG indexes.

Many who have stopped contributing to their retirement plans have done so because of the financial crisis.

MFS Investment Management (MFS) completed the formation of a business development office for the defined contribution investment only (DCIO) marketplace, the company said.

Following the success of alternative investments for institutional investors, advisers are increasingly using alternative investments in the retail market, Cerulli research says.

It certainly hasn’t happened yet, but Cerulli analysts say exchange-traded funds (ETFs) could rival mutual funds if they become widely adopted in defined contributions plans.

SunGard announced more enhancements to its WealthStation platform, including a cash flow-based approach to retirement planning, new online self-service client tools, and new financial planning capabilities for Canadian...

The Bank of New York Mellon launched The Bank of New York Mellon GDR Index and 30 global depositary receipt (GDR) subindexes.

The Internal Revenue Service (IRS) will waive the requirements for Code Y reporting in 2008 of amounts deferred under 409A for nonqualified deferred compensation plans (NQDC).

Invesco PowerShares Capital Management LLC, provider of exchange-traded funds (ETFs), announced that expense ratios for its 11 domestic PowerShares FTSE RAFI ETF portfolios will be lowered to 39...

It remains to be seen what the Merrill Lynch retention package will mean for retirement plan advisers.

ING has unveiled planwithease.com, a plan administration service specifically designed to help sponsors of 403(b) plans meet the added responsibilities they face under new IRS regulations.