News

The Internal Revenue Service has issued Notice 2007-94 describing the 2007 Cumulative List of changes for plan qualification requirements.

The Financial Industry Regulatory Authority (FINRA) has sanctioned Rafferty Capital Markets, LLC, of Garden City, New York, for facilitating improper market-timing practices and for failing to have an...

A federal judge in Massachusetts has thrown out civil fraud charges against three ex-executives of Putnam Fiduciary Trust Company (PFTC), but refused to dismiss charges against three others.

Union Bank of California, N.A., has signed a definitive agreement to sell its retirement recordkeeping business to Prudential Retirement.

Yes, just in time for the holidays, a fresh dispute has arisen regarding the use of that beloved yuletide chorus, “Grandma Got Run Over by a Reindeer.″

Janus Capital Group Inc. has launched two new funds to be sold through third-party financial institutions and intermediaries: the Janus Adviser Global Research Fund and Janus Adviser Global...

The IRS has issued model plan language that may be used by public schools either to adopt a written plan to reflect the requirements of § 403(b) or...

MFS Investment Management has launched a new Web portal specifically geared toward meeting the needs of Registered Investment Advisers (RIA).

State Street Corporation has launched the State Street Private Equity Index.

A case before the Supreme Court questions whether fees for investment advice incurred by a trust are deductible under an Internal Revenue Code provision governing costs paid in...

XShares Advisors LLC has partnered with RPG Consultants, a retirement plan provider, to provide plan sponsors, advisers, and third-party administrators (TPAs) the ability to add lower-cost exchange-traded funds...

Half of financial services firms plan to increase professional hiring in 2008.

Automated retirement plan features such as automatic enrollment are driving up 401(k) plan participation rates at U.S. companies, according to Diversified Investment Advisors, Inc.

U.S. Supreme Court justices heard oral arguments Monday in a case that could help define the scope of participant fiduciary breach lawsuits.

A federal judge in New York has ordered Citigroup to increase the payment credits in its cash balance plan to comply with minimum accrual rules.

Topeka, Kansas-based Security Global Investors (SGI) has reached an agreement with Nationwide’s NWD Investment Management to hire the nine-person growth equity investment team from Nationwide Separate Accounts (NSA),...

Small and medium-size businesses can now tap into a new service that can help them identify the best insurance rates and plans.

Those looking for some insights on the Pension Protection Act can now get some straight from the 'horse’s mouth.'

ExpertPlan today announced it is partnering with Hauppauge, New York-based AccountantsWorld to provide full service retirement plan services to accountants and their clients.

RBC Dain Rauscher has added fi360’s Investment Policy Statement (IPS) Generator as a tool for its financial consultants.