News
William McNabb III to Replace Vanguard Top Exec
The Board of Directors of The Vanguard Group has elected F. William McNabb III as President and Director of Vanguard, effective March 1.
RS Investments Bolsters Institutional Sales Team
Jared Buell has joined the San Francisco-based investment management firm as Vice President of Institutional Sales and Service.
Fidelity Advisor Mega Cap Stock Fund Launched
Fidelity Investments has announced the availability of the Fidelity Advisor Mega Cap Stock Fund, providing financial advisers and their clients access to a fund with dedicated mega cap...
FINRA Fines Oppenheimer Over Market Timing Allegations
The Financial Industry Regulatory Authority (FINRA) announced that Oppenheimer&Co. will pay a $250,000 fine for allegations related to market timing in 2003.
DoL Unveils Retirement Planning Worksheets
The Department of Labor (DoL) has unveiled a set of interactive worksheets to help workers with retirement savings decisions.
Dow Jones Introduces Benchmarks for Lifecycle Funds
Dow Jones Indexes has launched the Real Return Target Date Indexes, a series of indexes designed to serve as benchmarks for lifecycle portfolios.
Pet Peeves
Times may be tough, but it looks like Fido and Fluffy have nothing to worry about.
Oppenheimer Packages Auto Plan Features
OppenheimerFunds, Inc. has enhanced its Pinnacle and Record(k)eeper Pro platforms for small and mid-sized companies with a tool to implement automatic plan feature provisions of the Pension Protection...
Supreme Court Allows Individual ERISA Suits in Landmark Ruling
In a landmark ruling eagerly awaited by the retirement services community, the U.S. Supreme Court on Wednesday declared that defined contribution participants can bring fiduciary breach suits to...
Supreme Court Lets Rollover Exemption Decision Stand
The U.S. Supreme Court declined to review a case in which an appellate court determined a profit-sharing plan was not subject to spousal consent requirements of the Employee...
S&P Releases Indian Equities Shariah Indexes
Standard&Poor's launched two new investable Shariah indexes for the Indian equities market - the S&P CNX 500 Shariah and S&P CNX Nifty Shariah.
Court Clears CIGNA of Cash Balance Wrongdoing
A federal judge in Connecticut has joined with most of his colleagues around the country in ruling on a seven-year-old lawsuit that CIGNA Corp’s cash balance plan is...
Advisers not Generally Loyal to Providers
Fewer than one third of all financial services firms providing products across five investment categories enjoy positive loyalty ratings among advisers who sell their products, according to a...
Signature Resources Launches Wealth Management Platform with FundQuest
Signature Resources Capital Management, a registered investment adviser (RIA), has partnered with FundQuest Incorporated to launch a new full service wealth management platform for Signature’s staff of financial...
TD AMERITRADE Launches Retirement Planning Tool
TD AMERITRADE Holding Corporation has launched WealthRuler, a retirement planning tool that the company says can help investors predict their chance of accumulating a large enough nest egg.
Wachovia Announces New 401(k) Offering
Wachovia will begin selling its new Wachovia Securities FundSource 401(k) through the firm’s more than 15,000 Wachovia Securities financial advisers.
Health Care Costs Clip Retirement Standard of Living for Most
A new brief issued by the Center for Retirement Research at Boston College (CRR) argues that health care costs increase the percentage of households that will be ‘at...
More Companies Regulating Executive Stock Ownership
A California executive compensation research firm says companies with publicly disclosed stock ownership policies for executives and directors saw sizable increases between 2005 and 2006.