After declaring that none of the six major insurance providers accused in a commission conspiracy were fiduciaries under the Employee Retirement Income Security Act (ERISA) a federal judge...
The Internal Revenue Service (IRS) announced that a new version of Form 4461-A, “Application for Approval of Master or Prototype or Volume Submitter Defined Benefit Plan,″ has been...
FundQuest, a global provider of managed account investment solutions for financial institutions and advisers, has hired Leslie Prescott as Director of Retirement Management Solutions.
Dow Jones Indexes and Wilshire Associates have announced that Bahrain, Kuwait and Sri Lanka will be added to the Dow Jones Wilshire Global index family.
Investors who add a variable annuity with a lifetime guaranteed minimum withdrawal benefit (GMWB) to a stock and bond retirement portfolio can enjoy pumped up income with less...
Causing a stir among Wall Street pundits, the state of New Jersey’s $80-billion pension plan will take equity positions in both Citigroup and Merrill Lynch&Co. – both suffering...
State Street Global Advisors’ (SSgA) US-Listed ETF Industry Review and 2008 Outlook shows 2007 was a record year for exchange-traded fund (ETF) asset growth, trading volume, and product...
The U.S. Supreme Court has ruled that defrauded shareholders should not necessarily be allowed to sue advisers, lawyers, accountants, and vendors that serve the company that committed the...
A Portland, Maine-based provider of environmental, social, and governance research, and consulting has released two new indexes aimed at faith-based investors.
Investors looking for a new measure of socially responsive portfolios can now tap into one that purports to track the performance of companies that adhere to Dharmic principles.
OneChicago, LLC, the all-electronic exchange for trading Single Stock Futures (SSFs), a synthetic stock lending and financing tool, today launched the trading of two additional SSFs on exchange-traded...