News

Just after the introduction of a new bill regarding 401(k) fee disclosures, another House Committee is gearing up for hearings on the issue.

About 57% of U.S. households should be able to live comfortably in retirement if they work until age 65 and buy annuities with their retirement nest egg, a...

The combined assets of the nation's mutual funds went up slightly by $1.6 billion to $11.39 trillion in June, according to the Investment Company Institute (ICI).

Stock and bond mutual funds experienced net inflows of $23.3 billion in June, according to data from the Financial Research Corporation (FRC).

The Securities and Exchange Commission (SEC) has fined former Prudential Securities executive Michael Rice and barred him from working in the securities industry for not putting a halt...

Managed money accounts (70%) top advisers’ rankings of investment vehicles “gaining the most favor″ with their clients.

Bank of America has appointed Jeffrey Carney as president, Bank of America Retirement and Global Wealth&Investment Management (GWIM) Client Solutions.

Advisers predict that auto enrollment and auto deferral increases are the two principal features most likely to shape the retirement marketplace over the next three years.

Claymore Securities, Inc. on Monday launched the Claymore/Robb Report Global Luxury Index ETF (exchange-traded fund) on the New York Stock Exchange.

Daiwa Asset Management and global index provider FTSE Group have announced the launch of the FTSE Shariah Japan 100 Index from which Daiwa will create an exchange-traded fund...

Last week, no fewer than a dozen industry trade organizations put their collective heads together and tried to help the Department of Labor—which has been working on a...

SunTrust Banks has introduced GamePlan, a free service to help individuals understand their needs in retirement and overcome procrastination about retirement planning.

Saying that plan sponsors looking to use Qualified Default Investment Alternatives (QDIAs) will turn to investment advisers for help, DALBAR and the Foundation for Fiduciary Studies are banding...

The combined assets of the nation's exchange-traded funds (ETFs) rose in June by $366 million, or 0.1%, to $485.88 billion, according to data from the Investment Company Institute...

U.S. Representative George Miller (D-California) has introduced legislation that would increase the disclosures about 401(k) fees that are required to be provided to participants.

Seeking class action status on behalf of all plan sponsors, plan administrators and trustees of defined contribution plans in which Fidelity now serves or has served as a...

Cogent Research LLC, an evidence-based consultancy, has named financial services veteran Bruce Harrington, previously at MFS Investment Management, as managing director of its wealth management practice.

NorthStar Systems International has launched NorthStar 5.0, an updated version of its adviser desktop program.

Vanguard has announced the Vanguard Europe Pacific ETF begins trading Thursday on the American Stock Exchange.

Assets of the nation's retirement savings plans reached a record $16.4 trillion in 2006, and account for nearly 40% of household financial assets.