News

Those in Washington are asking fundamental questions about the retirement plan industry—questions that have not been asked in a long time, including “whether what we do works,″ said...

Wachovia Securities has changed its recruiting deal for financial advisers so that it will now base payouts on an adviser’s last three months’ production instead of the traditional...

Private equity consortiums pursuing Barclays' iShares investment unit have until Sunday to submit binding bids, unnamed sources told Reuters.

The latest Fidelity Investments retiree medical expense estimate is that a 65-year-old couple retiring in 2009 will need approximately $240,000 to cover the cost of medical care –...

MassMutual has announced the addition of two sales managers for its defined contribution and Taft-Hartley business segments.

As if retirement savers didn’t have enough problems, last week Fidelity Investments reminded us how much money we’re going to need for health care.

The United Way for Southeastern Michigan has cut management and staff compensation and suspended its 403(b) retirement plan match for a year.

A ruling by a federal judge in the U.S. District Court for the District of Minnesota splits the district on the issue of whether cashed-out retirement plan participants...

The U.S. District Court for the District of New Jersey has refused to issue summary judgment for Merck&Co. on claims the drugmaker breached its fiduciary duties by continuing...

The economic climate might make client retention more difficult—but there’s also opportunity for retirement plan advisers.

The U.S. Department of Labor (DoL) is suing former National Football League (NFL) player Michael Vick and his former financial advisers alleging violations of federal employee benefits law.

Almost three-fourths of polled Americans won’t be spending their tax refund for 2008.

JPMorgan Chase&Co. said it will stop matching 401(k) contributions for its roughly 200,000 workers worldwide, the Dayton Business Journal reports.

President Barack Obama on Wednesday nominated Phyllis Borzi for the position of assistant secretary of Labor, Employee Benefits Security, to head the Department of Labor's Employee Benefits Security...

Northern Trust has launched a tool designed to make it easier for institutional clients to manage the workflow and reporting needs related to oversight of investment managers.

TIAA-CREF said it plans to intensify pressure on target companies that maintain business relations with the Sudanese government, and will divest from companies that fail to take meaningful...

Longfellow Benefits promoted David Boucher from vice president to senior vice president, corporate benefit services.

Putnam Investments unveiled a new defined contribution platform for advisers and their plan sponsor clients.

A Houston law firm has cast a wide net looking for participants who want to sue their employers for a breach of their fiduciary duty.

FolioDynamix enhanced its unbundled turnkey asset management program with the addition of its Principled Portfolio Solutions (PPS) discretionary investment management program.