News

PIMCO launched the PIMCO Long-Term Credit Fund, an actively managed portfolio that aims to take advantage of opportunities in long-dated investment grade corporate bonds.

In times of life crisis, family finances might suffer significantly, according to a nationwide survey by AARP Financial Inc.

A survey by Milliman of leading U.S. variable annuity (VA) carriers revealed that about 96% of variable annuities offered include some form of a guaranteed living benefit (GLB).

The youngest members of the workforce would like more education and guidance about finances at work, according to a survey by Charles Schwab

More than a third of consultants said sponsors are planning to revisit the glide path of target-date funds, according to a survey by PIMCO.

eVestment Alliance, LLC partnered with Style Research to offer a global portfolio holdings-based style and risk analysis services.

The Hartford Financial Services Group has unveiled an enhanced 401(k) aimed at the small- and medium-sized market segments and plans with up to $10 million in assets.

Putnam Investments named Benjamin Lewis as managing director of Defined Contribution Sales and Relationship Management.

CVC Capital Partners is in exclusive talks with Barclays to buy its exchange-traded funds business, iShares, according to a news report.

The combined assets of the nation's mutual funds decreased by $372.1 billion, or 4%, to $9.036 trillion in February, according to the Investment Company Institute (ICI).

Lancaster County (Pennsylvania) school districts are scrambling to track employees' 403(b) retirement contributions after a company hired to administer the funds failed to deposit some of the money...

One Pensacola public pension fund has filed suit and a second is considering going to court over allegations Merrill Lynch is responsible for what the funds claim are...

Envestnet, a provider of solutions to financial advisers, and Nationwide have partnered to offer two annuity products.

Transamerica Retirement Services announced the promotion of CEO and President Kent Callahan to group head of Employer Solutions and Pensions for the AEGON companies.

Participants in 401(k) plans administered by Hewitt Associates will now have access to financial advice from Financial Engines.

Bank of America Corp. (BofA) might pump up the salaries of its investment bankers in order to match salaries of the recently acquired Merrill Lynch&Co.

General Motors Asset Management (GMAM) has changed its brand identity to Promark Global Advisors, Inc. (Promark).

Even after the recession ends, Americans said their spending will return to just 86% of pre-recession levels, according to a survey by AlixPartners, a global business-advisory firm.

Six weeks after announcing Mercer would acquire Callan Associates to form one of the largest investment consulting operations, the two firms announced Monday that the deal was off.

The West Penn Allegheny Health System is temporarily suspending its match contribution to employee 403(b) accounts.