National Investment Managers (NIVM)., a retirement plan administration and investment management company, closed on the acquisition of Pension Technical Services, a third-party administrator (TPA).
A federal judge in New Jersey said a participant lawsuit against Schering-Plough Corp. over employee company stock investments can be pursued as a class action.
The Boards of Directors/Trustees for the UBS U.S. Money Market Funds have approved the funds’ participation in the U.S. Treasury’s Temporary Guarantee Program.
The owner of a Columbus, Ohio, company has pleaded guilty to not filing financial reports for the company's 401(k) plan as required by the Employee Retirement Income Security...
Bank of America announced that John Thain, chairman and CEO of Merrill Lynch, will become president of Global Banking, Securities, and Wealth Management in the merged company.
A new report says that day-to-day expenses are thwarting parents’ ability to set aside money for college – and they may have to put off retirement as a...
Money market fund Reserve Primary Fund, which helped set off the financial crisis after it “broke the buck,″ said it will return at least one-third of investors' money...