News

Aon Consulting has tapped Cecil Hemingway to head its retirement practice operations.

Securities and Exchange Commission (SEC) Chairman Christopher Cox on Thursday announced the establishment of an advisory committee to examine the U.S. financial reporting system with the goals of...

On average, baby boomers expect to retire by age 63; however, most are not planning for 30 or more years in retirement and nearly half (44%) have not...

Security Benefit on Thursday announced the signing of a definitive purchase agreement to acquire Rydex Investments.

The Equal Employment Opportunity Commission (EEOC) has filed a claim against Merrill Lynch&Co. accusing the firm of discrimination against an Iranian Muslim employee.

Last week the Government Accountability Office (GAO) published a 67-page report titled “Conflicts of Interest Involving High Risk or Terminated Plans Pose Enforcement Challenges.″

Last week the Government Accountability Office (GAO) published a 67-page report titled “Conflicts of Interest Involving High Risk or Terminated Plans Pose Enforcement Challenges.″

Although benefits offered by employers remained mostly the same in 2007 as in 2006, there was a slight decrease in the number of organizations that offered financial services...

Assets of all exchange-traded funds (ETFs) rose in May by $18.97 billion, or 4.1%, to $485.51 billion, according to data from the Investment Company Institute (ICI).

The Committee on Investment of Employee Benefit Assets of the Association for Financial Professionals (CIEBA) has released an updated version of its primer, “Defined Contribution Fee Disclosure Best...

The Securities and Exchange Commission (SEC) has added to its Web site a tool that permits investors to obtain information directly from company disclosure documents about their business...

The Securities and Exchange Commission (SEC) on Monday issued a settled order against certain investment advisers and broker-dealers owned by Manulife Financial Corporation and John Hancock Financial Services,...

Claymore Securities has announced the launch of a socially responsible exchange-traded fund (ETF) tied to the issue of Sudan divestment.

Standard&Poor's has licensed State Street Global Advisors (SSgA) to create and launch an exchange-traded fund (ETF) based upon its S&P BRIC 40 Index.

Principal Global Investors, LLC has announced a definitive agreement to acquire Morley Financial Services, Inc., a stable value asset manager with over $14.0 billion in institutional assets under...

Standard&Poor’s ( S&P ) has announced it has been chosen by Adelante Shares LLC to calculate seven custom indexes based on Adelante Shares’ proprietary classification of the real-estate...

UBS Global Asset Management today announced the formation of the Defined Contribution and Retirement Solutions Group, established to help today’s defined contribution plans better meet the needs of...

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...