News

A federal judge in New York has rejected claims by investors in nine Salomon Smith Barney mutual funds that the funds’ fees were too high.

Investors in loaded mutual funds underperform their own funds' reported returns by three times as much as no-load fund investors even though the load investors are paying for...

Families with college-bound children who work with a financial adviser are on their way to being able to pay 47% of their college costs – significantly better than...

Barclays Capital has launched the Barclays Capital Global Carbon Index tracking the performance of carbon credits associated with the world's major greenhouse gas emissions trading schemes.

Trusco Capital Management, Inc. has named James E. Stueve to the newly created position of Managing Director of Consultant and Financial Intermediary Sales.

Effective December 1, the annual program management fee for current and future John Hancock Freedom 529 Savings Plan account holders has been decreased.

AIM Investments has launched a new marketing program for financial advisers to learn about and develop a business strategy for the 401(k) marketplace.

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation, says that a new high yield exchange traded fund began trading yesterday.

A 401(k) participant excessive fee lawsuit against a Connecticut-based manufacturer has been certified as a class action, moving it one step further through the legal process.

Three-quarters of high net worth (HNW) individuals point to retirement planning as their most important financial activity – calling the process “absolutely essential″ or “very important,″ a new...

The cost of true love, like so many other things, continues to rise, according to a new survey.

Small businesses can get their retirement plan aspirations off to a quick start with Quic(k)Start, a new retirement plan option from Ascensus.

Merrill Lynch has again been accused of violating regulatory prohibitions in its consulting practices with government pension plans.

A federal judge in Massachusetts has turned aside Bank of America’s efforts to dismiss some of the allegations in a suit accusing the financial services giant of discriminating...

ProManage, LLC, a managed account service provider, has appointed Stephen Foster as head of sales and marketing for the firm.

MullinTBG, a provider of executive benefits, has introduced a solution for implementing deferred compensation plans at mid-market companies.

DWS Scudder, the U.S. retail division of Deutsche Asset Management, has announced the launch of its new Structured Products Web site.

Federal officials on Monday issued additional guidance on how section 409A nonqualified deferred compensation programs can fix certain types of plan problems.

The National Tax Sheltered Accounts Association (NTSAA) is establishing a working group to devise data standards that will enable information about 403(b) plan transactions to be provided to...

Michigan Governor Jennifer Granholm signed repeal and replacement legislation that would end a new tax on many services, including financial advice.