News

Fidelity Investments announced the launch of three new mutual funds: a one-fund solution for investing in developed international and emerging markets; an international style-consistent growth fund, and an...

The Fiserv Trust Retire Target Date Funds for employer retirement plans is the latest collective investment fund (CIF) offering from Fiserv Investment Support Services.

A coalition of business groups has unveiled a new Web site designed to educate human resource professionals and business executives about automatic 401(k)s and how to implement them.

DWS Scudder, the U.S. retail unit of Deutsche Bank’s Asset Management division (DeAM), on Wednesday announced the launch of the DWS Climate Change Fund.

The Hartford has tapped Keith Sloane, a 23-year investment industry veteran, for the newly created position of senior vice president to lead the company’s mutual fund and 529...

Janus Capital Group Inc. says that, effective tomorrow, veteran portfolio manager Marc Pinto will manage Janus Growth and Income Fund and its related products for intermediary and institutional...

ING Direct has agreed to buy ShareBuilder Corporation's online brokerage business for $220 million.

Citigroup, which suffered a recent management shakeup over its subprime mortgage crisis fallout, has been charged with imprudently allowing 401(k) company stock investments despite “serious mismanagement.″

Non-qualified deferred compensation (NQDC) plans continue to be widely utilized and more employers are turning to corporate-owned life insurance (COLI) to informally fund them, according to a new...

State Street Global Advisors (SSgA), the investment management arm of State Street Corporation, has announced that Thomas Anderson has joined its Intermediary Business Group as head of the...

Hewitt Associates has expanded its 401(k) services through a relationship with Wealth Management Systems Inc. (WMSI) and WMSI’s rollover resource.

Milliman, Inc. has released the newest version of its MG-ALFA financial projection software.

Callan Associates has unveiled the Callan DC Index, which allows clients to track how defined contribution (DC) plan decisions impact fund flows, asset allocation, and investment performance.

Affiliated Computer Services (ACS) announced that it is partnering with Wealth Management Systems Inc. (WMSI) to offer a suite of rollover distribution options.

The Hartford Financial Services Group has named Keith Sloane to the newly created position of senior vice president to lead the company’s mutual fund and 529 businesses.

PowerShares Capital Management LLC has announced three new additions to its family of fixed-income ETFs.

SEI has launched Distribution-Focused Strategies (DFS), which enables advisers to provide clients with consistent distribution levels for retirement.

Lincoln Financial Advisors has hammered out an agreement with the American Osteopathic Association (AOA) to give AOA members access to Lincoln advisers’ services.

The recent turbulence at Merrill Lynch, including the negative outcomes on the financial giant’s stock price, has already drawn the scrutiny of ERISA litigators.

Another pension fund has filed suit against State Street for “investing purportedly conservative, risk-averse bond funds in high risk mortgage backed securities and exotic financial instruments.″