News

Individuals in the U.S. have $16.6 trillion in retirement accounts, and asset allocation funds are a growing percentage of that savings.

Janus Capital Group Inc. has announced that David Corkins, portfolio manager of Janus Fund, is leaving the firm to pursue other opportunities.

Wilshire Associates Incorporated has named Lawrence Davanzo as president of the firm, with Dennis Tito, one of the firm’s founders, retaining his role as Chairman and Chief Executive...

A new Congressional legislative proposal would delay implementation of new pension funding rules under the Pension Protection Act (PPA) for a year to better allow regulators to issue...

Massachusetts securities regulators have begun a probe into whether Bear Stearns Cos. improperly traded with two in-house hedge funds that collapsed this summer.

Hefty 401(k) plan fees can take a big bite out of a participant’s balance – a 26% chunk, according to a new study by the Congressional Research Service...

As published by the Internal Revenue Service.

Software provider DATAIR Employee Benefit Systems, Inc. has released its Pension Reporter software package containing 2007 plan year EFAST-approved paper and electronic 5500 series forms and schedules, as...

TRI-AD has introduced a written Full Fee Disclosure Guarantee as an integral part of its defined contribution plan daily valuation recordkeeping service.

Citi Markets&Banking has been selected by Harding, Loevner Management, L.P. to be the service provider for the investment adviser's retail separately managed accounts (SMA) business.

Synapses Inc., a provider of personalized 401(k) education, products and services, has been selected by Corporate Benefit Advisors, Inc. (CBA) to evaluate CBA’s 401(k) customers at the participant...

RiverSource Investments, LLC, a subsidiary of Ameriprise Financial, Inc., has introduced RiverSource Advanced Alpha Strategies, a series of three mutual funds designed for more affluent investors.

Nuveen Investments, a provider of investment services to institutional and high net worth investors, will now offer target-date funds in a collective trust structure.

Federal tax officials on Thursday released the new pension plan dollar limits with cost-of-living adjustments for the 2008 tax year.

Does the stock market affect retirement decisions?

A new report by the Vanguard Center for Retirement Research notes that financial literacy plays a critical role in improving 401(k) savings behavior.

A U.S. Court of Appeals has overturned a $2.1 million award won by an ex-Merrill stockbroker, but upheld the original verdict, along with an $850,000 award for defamation.

Two consultants and a university professor have formed a company to help advisers and plan sponsors better evaluate target-date/lifecycle fund offerings.

The Social Security Administration announced the monthly Social Security and Supplemental Security Income benefits for more than 54 million Americans will increase 2.3% in 2008.

MassMutual's Retirement Services Division has added six new sales representatives to its institutional sales team over the past several months, the company announced.