News

While a majority of board of directors or board-level committees retain responsibility for appointing fiduciaries for qualified plans, an increasing number are choosing to delegate that responsibility.

Prudential Fixed Income Management has made its nine fixed income collective trust funds available to defined contribution plans.

Transamerica Retirement Services announced a series of enhancements to Transamerica Partner iSeries, a Web-based, virtually paperless plan administration tool for third-party administrators (TPAs).

Focus Financial Partners LLP formed a consulting service for “elite broker teams” establishing fee-based registered investment advisory (RIA) firms, the company said.

Younger participants with fewer years on the job have fared reasonably well with their 401(k) accounts during the economic downturn compared with their older colleagues who have not...

Three-fourths of financial advisers polled in a new JPMorgan Funds-sponsored survey said that when evaluating target-date fund options, plan sponsors lack clear and objective criteria for selecting the...

Securian Financial Group acquired Capital Financial Group, Inc. (CFG) and its broker/dealer affiliate, H. Beck.

Capturing high-net-worth (HNW) clients is increasingly focused around a holistic financial outlook rather than generating good investment performance, according to the latest edition of 'The Cerulli Edge—U.S. Asset...

I wouldn’t for a second suggest that the current financial/economic crisis that we are enmeshed in isn’t “real.

New York Life Investment Management (NYLIM) said its Equity Investors Group (EIG), will become Madison Square Investors LLC on January 1.

A Republican U.S. senator has added her voice to the chorus of those calling for changes in the rules governing required minimum distributions (RMD) from retirement savings plans.

The Internal Revenue Service (IRS) has released a memo warning businesses that funding a business with your retirement plan may not be a good solution.

The Internal Revenue Service (IRS) on Tuesday released the 2008 Cumulative List of Changes in Plan Qualification Requirements to be used primarily by plan sponsors of Cycle D...

TD Ameritrade is accused of misleading investors in its Reserve Yield Plus Fund.

The combined assets of the nation's mutual funds decreased by $1.087 trillion, or 10.2%, to $9.6 trillion in October, according to the Investment Company Institute (ICI).

The U.S. Department of Labor (DoL) has accused a Bismarck, North Dakota, manufacturer of wastewater treatment systems and equipment and its owners of diverting employee deferrals and loan...

Perhaps not surprisingly, there has been significant movement toward adopting target-date funds as a default investment for automatic enrollment.

Lincoln Financial Advisors named Gregory Rieke as managing principal of the Kansas City Regional Planning Office, based in Overland Park, Kansas.

T. Rowe Price Chariman and CIO Brian Rogers said Tuesday he is optimistic for the markets, because “statistically speaking, the world doesn’t end that often.″

Financial crisis or not, T. Rowe Price Retirement Plan Services is sticking to its investment philosophy, advocating for more auto-plan features, and looking into retirement income products, said...