News

Just over a year after launching an investigation, the Securities and Exchange Commission (SEC) has charged Merrill Lynch and two of its former investment adviser representatives for misleading...

Nearly half of Americans own an individual retirement account (IRA), though the odds are that those accounts were funded by an employer-sponsored retirement account.

The New Orleans Employees Retirement System has filed a class action lawsuit seeking billions of dollars in damages from UBS.

An employee 401(k) stock-drop suit survived its first major challenge when a federal judge in Tennessee turned away an early effort by the employer to have the claim...

Parents saved less for college in 2008 than in years past, but those who received help might have fared better, according to a survey by the College Savings...

Seven in 10 wealthy Americans reported having socially responsible/green investments (SRI), according to a survey by PNC Wealth Management.

The Principal Financial Group has unveiled new tools to help plans comply with new disclosure mandates for the Form 5500 and new requirements for retirement plan financial statements...

A new firm has formed with the goal of educating employees about their 401(k) retirement plans.

State Street has been hit with another federal court lawsuit alleging it took positions in risky subprime mortgage-backed securities in its Daily Bond Market fund, without telling anyone...

The Reader's Digest Association, Inc., has informed employees that it will adopt a global ‘Recession Plan,' including the suspension of company matching contributions to its U.S. 401(k) plan.

The Hartford Financial Services Group, Inc., has launched a new educational campaign to help financial advisers review retirement plan clients' needs, improve plan designs, and enhance employee participation.

The Securities and Exchange Commission (SEC) is going after an investment adviser who allegedly defrauded clients by saying they were investing in the federal government’s Troubled Asset Relief...

Fee disclosure regulations did not make it into the Federal Register before the new administration stepped in, but that is not necessarily a signal for advisers to relax...

Deferred variable annuities show promise in the wealth transfer market, according to Cerulli Associates.

Merrill Lynch laid off an undisclosed number of short-tenured advisers this week, according to news reports.

Ellyn McColgan, president and COO of the global wealth management group at Morgan Stanley, will not be around when the group merges with Smith Barney, according to a...

The Janus Capital Group is exiting the institutional money market business after deciding its money market offerings have not achieved the size necessary to be sufficiently profitable.

Market volatility in 2008 caused many investors to seek help, according to Fidelity Investments.

The West Tennessee Healthcare system has suspended its 403(b) plan match.

A court determined that an employer did not have to provide certain documents requested by cash balance plan participants within 30 days as required by the Employee Retirement...