News

Prudential Financial Inc. has named Clifford Axelson, a former senior vice president for Callan Associates, a managing director for its Strategic Solutions Group.

The Hartford's Institutional Solutions Group has reopened The Hartford MidCap Fund (Class Y Shares) to institutional investors.

Paul Reilly will succeed Thomas James as president and CEO of Florida-based Raymond James Financial.

Northern Trust has expanded its lineup of target-date investment solutions with a series of multi-manager funds for ERISA-qualified defined contribution retirement plans.

DST Retirement Solutions announced its provider clients can now deliver compliance test results to sponsors electronically, via a client-branded Web site.

A new study casts doubt on reports that the softening economy and tumultuous markets are having a significant impact on participant savings rates.

A survey commissioned by ING Direct found that almost half of respondents are clueless about how much they need to retire.

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Many advisers are trying to juggle increased client concerns with running a business—oh, and having a personal life.

Charles Schwab has released a report for independent advisers, examining how some of the industry's most successful advisers manage their business.

Power management company Eaton Corp. is implementing cost-saving measures companywide that include suspending matching contributions to employees’ 401(k) accounts.

Regions Financial Corp. plans to suspend contributions to employee retirement accounts to save money and jobs.

Less than a year after their launch, Allstate has pulled the plug on its Allstate ClearTarget funds.

Federal prosecutors have charged the former controller of one of Boston’s largest investment firms of diverting funds from the company’s retirement plan—to bank accounts linked to an adult...

I saw an interesting event headline the other day. It said simply, “Trust is an economic stimulus package.″

J. Crew Group, Inc. has announced the initiation of a cost reduction program that includes reducing headcount, eliminating 2009 merit increases, and suspending the 401(k) match.

A Los Angeles-based firm has rolled out a retirement plan customized for small business owners.

UNIFI Companies Retirement Plans has announced a new offering targeting the $3 million to $20 million retirement plans market.

Almost three-fourths of mutual fund investors hold funds outside of an employer-sponsored plan, and most of those mutual funds were purchased through an adviser.

U.S. Steel Corp. announced it has suspended company match contributions for its two New York-based 401(k) plans effective January 1.