News

BlackRock, Inc. has entered into an agreement under which it will acquire the fund of funds business of Quellos Group, LLC for up to $1.7 billion.

New York Life Investment Management (NYLIM) has announced the creation of the MainStay Retirement Funds, a series of funds for target retirement dates of 2010, 2020, 2030, 2040,...

“[T]he complaint is a rambling 38 page collection long on legal argument, public policy rhetoric and repetition, but vague in its allegations of facts which might be relevant...

“[T]he complaint is a rambling 38 page collection long on legal argument, public policy rhetoric and repetition, but vague in its allegations of facts which might be relevant...

Plan sponsors and providers won a battle in the ongoing legal war over retirement plan fees last week when a federal judge in Wisconsin threw out suit brought...

The Delray Beach, Florida, police and fire pension board voted Wednesday to sue its former financial consultant if no settlement can be reached regarding trading fees the broker...

State Street Global Advisors has announced the launch of the SPDR S&P BRIC 40 ETF (exchange-traded fund), giving investors access to companies in Brazil, Russia, India and China.

The Online 401(k) has joined forces with Expedition Payroll to allow the payroll provider to offer integrated 401(k) and payroll packages.

Sooner or later, we all make what appears to be, in hindsight anyway, a bad career move.

Investors in stock funds last year reportedly paid the lowest fees in more than a quarter century, thanks to preferences for lower-cost funds and increased competition among fund...

Nuveen Investments has agreed to be acquired by an investor group majority-led by Chicago-based Madison Dearborn Partners, LLC (MDP).

Changing investor needs and the continuing shift to open architecture are changing relationships between asset management organizations and fund distribution platforms.

Those who have consulted a financial professional about retirement planning are much more likely to say they are comfortable or confident about retirement than those who have not...

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will hold a public hearing on July 31 to assess the feasibility of using computer models to provide...

PFPC, a member of The PNC Financial Services Group, Inc., has added Northern Funds to its AdvisorCentral portal.

A Kansas third-party recordkeeping and administration company has unveiled a series of upgrades to its Internet sites for financial advisers, plan sponsors, and participants.

ExpertPlan, a provider of private-label recordkeeping solutions primarily to the micro and small plan retirement market, is moving up-market through a new trading link relationship with UBS Fiduciary...

Benefit brokers accounted for almost half (46%) of worksite sales of voluntary benefits in 2006, according to Eastbridge Consulting Group’s eighth annual U.S. Worksite Sales Study.

Bear Stearns Broker-Dealer&Investment Advisor Services (BDIAS) on Tuesday announced it is significantly broadening its mutual fund platform by expanding the list of available funds and adding to its...

A couple of weeks ago, my better half told me that she thought it was time that we traded in two of our aging vehicles – one a...