News

A new lawsuit has accused a group of insurance companies, consultants, and lawyers of conspiring to sell illegal tax shelters to employers for 412(i) plans by misrepresenting the...

Working Americans’ confidence in their ability to retire comfortably declined significantly in the past year, according to the Ninth Annual Transamerica Retirement Survey.

Assets of all exchange-traded funds (ETFs) fell in January by $39.70 billion, or 6.5%, to $568.73 billion, according to data from the Investment Company Institute (ICI).

Blue Marble Investments (BMI) has unveiled online, professionally managed portfolios that invest solely in socially responsible mutual funds.

Massachusetts Mutual Life Insurance Company (MassMutual) has agreed to buy Memphis-based First Mercantile Trust Company from SunTrust Banks, Inc.

Federal benefit regulators have proposed a new safe harbor for sponsors of smaller benefit plans that deposit employee contributions within seven business days.

FINRA (the Financial Industry Regulatory Authority) announced it has settled cases against five firms for improper mutual fund sales and supervisory violations.

The majority of retirement plan participants are not familiar with products that can provide them with a guaranteed income stream in retirement.

As U.S. workers continue to change jobs at an unprecedented rate (experts say it’s now up to 20 percent annually), the retirement accounts they leave behind with previous...

Chicago-based insurance broker Lockton Companies is expanding the capabilities of its Chicago office to include retirement plan consulting services for corporate and not-for-profit organizations.

Russell Investments has announced plans to launch global style equity indexes on April 1.

Stock and bond funds experienced net outflows of $22.9 billion in January, according to data from the Financial Research Corporation (FRC).

Effective March 1, 2008, The Scarborough Group, Inc. will become two companies – Scarborough Capital Management, Inc. and Retirement Management Systems, Inc. – offering services to 401(k) participants...

State Street Global Advisors (SSgA) announced it is seeking permission from the Securities and Exchange Commission (SEC) to launch a series of actively managed, target-date exchange traded funds...

Larry D. Zimpleman will take on the new role of chief executive officer at the Principal Financial Group, effective May 1, 2008.

A new research paper about target-date funds finds that the most effective designs include extended and alternative assets and remain highly diversified for the entire investment horizon.

Citi and Legg Mason have agreed that Citi Global Wealth Management (GWM) will acquire the overlay and implementation business of Legg Mason Private Portfolio Group (LMPPG).

Charles McCollough Wright, CFA, has joined Wall Street Access’ Private Wealth Management Group as Managing Director.

Three-quarters (77%) of 403(b) plan sponsors say it is very or somewhat important to get outside advice about what actions they must take to comply with new Pension...

Mutual of Omaha is now offering plan sponsors a retirement platform that integrates with existing third party administrators.