News

JPMorgan Funds, the U.S. mutual fund business of JPMorgan Asset Management, has announced that David Kelly will become its Chief Market Strategist.

Stock and bond mutual funds enjoyed a $502 million November asset inflow, according to data from the Financial Research Corporation (FRC).

You can’t make this stuff up.

With concerns about a deepening global credit crisis unabated, major U.S. financial institutions are increasingly turning to sovereign wealth funds for capital infusions.

U.S. lawyers are on track to bring about 58% more shareholder class action cases this year, Reuters reports.

The Trust and Investment Group at Alpine Bank in Rockford, Illinois, has complimented the target retirement fund offerings in their 401(k) platform with their own managed Lifestyle Premier...

The National Association of Government Defined Contribution Administrators, Inc. (NAGDCA) has partnered with the Treasury and the Financial Literacy and Education Commission to provide resources for financial literacy...

Marsh&McLennan Cos Inc (MMC) has announced it will replace embattled CEO Michael Cherkasky and is evaluating strategies to boost shareholder value.

Vanguard has launched three new index funds that seek to track the MSCI US Large Cap 300 Index, MSCI US Large Cap Growth Index, and MSCI US Large...

Barclays Global Investors (BGI) has announced the launch of the iShares MSCI Japan Small Cap Index Fund on NYSE Arca.

To help financial professionals and their clients face the effects of new 403(b) plan regulations, The Principal has created a comprehensive education program.

Janus Capital Group Inc has stopped accepting cash from new customers in three funds that invest in non-U.S. stocks.

ExpertPlan, a provider of private-label recordkeeping solutions to the retirement plan industry, has announced a new strategic partnership with the registered investment adviser (RIA) firm Brock Asset Management.

Defined benefit plan sponsors could soon benefit from a recent acquisition by the Hartford.

The Hartford has managed a hat trick, announcing its third acquisition this month.

The latest ERISA litigation firm to probe the company stock investment in the Morgan Stanley 401(k) Plan and the Morgan Stanley Employee Stock Ownership Plan is Milberg Weiss...

The Internal Revenue Service (IRS) has extended transitional relief for defined contribution plans subject to the employer stock diversification rights rules put in place by the Pension Protection...

Kaplan Financial, a provider of education and compliance solutions, has developed a new course offering for brokerage and investment firms to certify the credibility of their sales people...

Santa Claus is coming to town – for about 34 microseconds.

Boeing Co. employees suing the aviation manufacturer over excessive 401(k) fees have added a trio of allegations, including that the plan improperly offered more expensive and lower performing...