News

T. Rowe Price has expanded its fixed-income investment offerings by launching the Strategic Income Fund, the company announced.

Robert McCann, the vice chairman of the wealth management division at Merrill Lynch&Co. Inc., will be replaced by Dan Sontag, according to published reports.

Albridge Solutions, a PNC Global Investment Servicing company, and Enterprise Financial Services Corp are teaming up to provide financial advisers consolidated statements and wealth reporting capabilities, the companies...

Morningstar said its 2008 fund manager winners demonstrate proven strategies by experienced teams, rather than “trend-chasing.″

In keeping with trends across the industry, Prudential Retirement saw participants in its plans moving away from equities in the latter part of 2008.

Ascensus has acquired Baden Retirement Plan Services (Baden) from Clark&Wamberg LLC.

Parents’ savings for their children’s college educations took a big hit as a bond fund offered by at least four state 529 plans lost more than a third...

An unconfirmed memo by NCR Corp.’s CEO said effective immediately the company will reduce its employer match for 401(k) plan participants.

A Florida law that went into effect January 1 includes stronger suitability requirements that agents must meet when selling an annuity to a consumer.

The Certified Financial Planner Board of Standards, Inc. (CFP Board), is looking for public comment about proposed revisions to its Disciplinary Rules and Procedures.

Highland Capital Management, L.P., has announced portfolio management changes to two funds, effective January 1.

GateHouse Media has become the latest company to suspend its 401(k) match, according to a report in Editor&Publisher.

Here’s a headline you won’t see this week: “Nobody Cut Their 401(k) Match Today.″

Sears has announced that it is suspending its 401(k) match for most employees of the giant retailer.

The latest 401(k) match to fall in recent months came at The Denver Post newspaper where managers and other non-union employees were informed their match would be suspended...

More households own mutual funds inside tax-deferred accounts—such as defined contribution (DC) plans, individual retirement accounts (IRAs), and variable annuities—than outside these accounts, according to the Investment Company...

A federal judge in Ohio has reversed course on a company stock suit filed by former Owens-Corning employees with a new ruling that the suit was filed too...

The combined assets of the nation's mutual funds decreased by $261.65 billion, or 2.7%, to $9.355 trillion in November, according to the Investment Company Institute (ICI).

Merrill Lynch&Co. Inc. agreed Tuesday to pay $1.55 million to settle a lawsuit claiming discrimination in the firing of an analyst because he was an Iranian Muslim, Reuters...

U.S. bond sales and asset-backed securities issuance were down sharply in 2008 amid the global credit crisis.