News

For all the talk of “hope″ and “change,″ this extended election cycle has offered little of either, IMHO.

Mutual fund assets worldwide decreased 0.7% to $24.64 trillion at the end of the second quarter of 2008, according to Investment Company Institute (ICI) data.

Stock and bond funds experienced net outflows of $21.9 billion in September, according to data from the Financial Research Corporation (FRC).

The combined assets of the nation's mutual funds fell 8.3% or $959 billion to $10.6 trillion in September, according to Investment Company Institute (ICI) data.

Total managed accounts assets reached $1.85 trillion through the first half of 2008, according to the annual report “Cerulli Quantitative Update: Managed Accounts 2008.″

Research by the National Institute on Retirement Security (NIRS) suggests freezing a defined benefit pension plan might not reduce costs.

TD AMERITRADE now offers mobile trading applications for iPhone and iPod touch, now available on the Apple App Store.

Many advisers have been the champions of phrases such as “stay the course″ and “weather the storm,″ but even advisers have a sinking confidence in the market, according...

The Securities and Exchange Commission (SEC) charged privately held, registered broker/dealer Lazard Capital Markets LLC with failing to supervise three employees who spent more than $600,000 while 'improperly...

A Texas management consultant, whose lawsuit over 401(k) fiduciary breach allegations became the subject of a landmark U.S. Supreme Court ruling on participants’ legal rights, has apparently run...

Just telling participants to “stay the course″ might not be enough.

John Hancock Retirement Plan Services (RPS) has increased the number of advisers able to offer services to 401(k) plans through a new distribution agreement reached with Morgan Stanley.

Automatic enrollment of employees into defined contribution retirement plans has been adopted by a majority of surveyed plan sponsors, according to Mercer.

A federal appellate court ruled that a plan sponsor cannot rely on Florida state law to sue Merrill Lynch for allegedly aiding a plan provider in committing fraud...

The Royce Funds have been added to the CPI retirement plan platform, announced CPI Qualified Plan Consultants, Inc., a third-party recordkeeping and administration company.

The SPARK Institute released a new version of its “Best Practices for 403(b) Plans Information Sharingâ€″Minimum and Comprehensive Data Elements.”

Are your plans the next targets?

A survey found that participants appear to be responding to the economic and financial crisis by delaying retirement, saving less, and reallocating their retirement investments.

Pacific Life unveiled a sales kit designed to help advisers working with business owner clients use life insurance to close the retirement savings shortfall in defined benefit plans.

The defined contribution investment only (DCIO) market composes 12% of all 401(k) plans, or approximately 63,000 plans, according to a Spectrem Group study.