News

Federal regulators have released new guidance that asserts that a named or functional fiduciary who has authority to appoint a plan’s trustee(s) must make sure the proper party...

More employers are allowing workers to joining their 401(k) plan earlier, a new Profit Sharing/401k Council of America` (PSCA) survey says.

Merrill Lynch&Co. has bought back from the city of Springfield, Massachusetts, collateralized debt obligations (CDOs) that included subprime mortgages.

New guidance issued by the Treasury Department and the Internal Revenue Service (IRS) provides that cash balance conversions that have filed for an IRS determination letter and occur...

A new program, FAcontact, offers advisers a way to give clients regular continued contact, so they can spend more time prospecting.

A study from asset manager consultant kasina suggests executives are thinking alike when it comes to facing industry challenges.

The Newport Group, a national full-service provider of qualified and non-qualified retirement plans, has appointed Alan Valenca to the position of Regional Director, Qualified Plans, for the firm’s...

The combined assets of the nation's exchange-traded funds (ETFs) rose in December by $36.3 billion, or 6.3%, to $608.4 billion, according to the Investment Company Institute (ICI).

Morgan Stanley Investment Management (MSIM) has launched the Morgan Stanley Global Long/Short Fund, a fund of hedge funds.

Wilmington Trust FSB has agreed to acquire AST Capital Trust Company, a provider of directed trustee, trust administration, and back-office services.

The U.S. Bankruptcy Court for the Southern District of Ohio has ruled the interests of seven debtors in Employee Retirement Income Security Act (ERISA) Section 403(b) plans did...

The combined assets of the nation's mutual funds decreased by $30.4 billion, or 0.3%, to $12.04 trillion in December, according to the Investment Company Institute (ICI).

Standard&Poor’s, CRISIL, and KLD Research&Analytics, a social and environmental research firm, have announced the launch of the S&P ESG India Index.

Bill Boyett and Eric Nelson have been named regional managers for Symetra Financial’s Group division, responsible for working with agents and brokers to market and distribute Symetra’s worksite...

Nationwide Financial Services is now offering a new plan design that includes target-date funds as core investment options along with a mutual fund window.

Perfection is a rare thing, particularly in sports.

The likelihood of being a retirement plan participant increases with age, according to the Employee Benefit Research Institute (EBRI).

MacKay Shields LLC, and its affiliate New York Life Investment Management (NYLIM), announced the availability of the company’s first 130/30 fixed income product offering.

Annuities in defined contribution plans are gaining momentum as aging baby boomers seek to create guaranteed retirement income streams, according to a report from the Financial Research Corporation...

Marsh&McLennan Companies, Inc. (MMC), whose insurance brokerage unit has undergone management changes in recent months, on Wednesday tapped Brian Duperreault as MMC’s new president and chief executive officer.