News

One of my favorite quotations is George Santayana’s, “Those who cannot remember the past are doomed to repeat it.″

The Internal Revenue Service (IRS) decided to extend its temporary halt on rulings and determination letters regarding the tax consequences of nonqualified deferred compensation arrangements described in §409A...

A federal judge in Massachusetts cleared the way for a participant invested in a company stock fund to pursue a fiduciary breach suit.

William Hart, founder of Chicago-based Hartline Investment Corp., was elected chairman of the board of National Advisors Trust, owned by more than 130 independent financial advisory firms nationwide.

Despite the volatility and uncertainty in the markets, 29% of financial intermediaries are investing more in equity funds while only 24% are investing less, according to research from...

T. Rowe Price introduced a retirement planning tool on its Web site that calculates a projected monthly income stream throughout retirement for those in any phase of retirement...

Broker/dealer Ameriprise Financial Services Inc. is suing mutual fund manager the Reserve Fund.

Three new model request for proposalsâ€″one each for equity investments, fixed-income investments, and real estate investmentsâ€″aim to help smaller institutional investors select money managers.

The Profit Sharing/401k Council of America’s (PSCA) survey of profit-sharing and 401(k) plans provides evidence of the link between automatic enrollment and higher plan participation rates.

The year-old 403(b) regulations from the Internal Revenue Service have had a more profound impact on health care employers’ retirement plan designs than the Pension Protection Act (PPA).

Standard&Poor’s launched the S&P Target Date Index Series to bring greater transparency and performance measurement to the growing target-date fund market.

The Hartford Financial Services Group is offering a free step-by-step guide to help survivors as they make important financial decisions following the loss of a loved one.

What do terminated participants and under-inflated car tires have in common?

The only thing more volatile than the polls of late has been the markets.

The Securities and Exchange Commission (SEC) has announced a Fair Fund distribution of approximately $49 million to investors affected by improper market timing in mutual funds managed by...

Federated Investors, Inc. and Putnam Investments announced that, upon liquidation, the institutional Putnam Prime Money Market Fund will invest its assets in the Federated Prime Obligations Fund in...

A law firm is investigating whether Constellation Energy Group released inaccurate statements about its financial health, which inflated its stock share value.

Kravitz, provider of design and administration of cash balance pension plans, along with Payden&Rygel, an independent investment manager, announced the launch of a fund for cash balance plans.

Research from Cerulli Associates said a large chunk of new sales by asset managers last year was influenced by a broker/dealer professional buyer.

Fidelity Investments announced new multimedia features on its Web site.