News

A federal regulator on Wednesday urged U.S. Senate lawmakers not to interfere with the U.S. Department of Labor’s (DoL) regulatory scheme for retirement plan fees through additional legislation.

Many single women are ill-prepared and unlikely to achieve a financially secure retirement if they don’t take action now, according to the Ninth Annual Transamerica Retirement Survey.

UNIFI Companies is consolidating the operations of its two affiliated mutual funds: Summit Mutual Funds and Calvert Group, Ltd.

The Internal Revenue Service (IRS) on Wednesday announced it had decided to relax previously announced restrictions on how the agency would issue opinion and advisory letters for pre-approved...

Invesco PowerShares Capital Management has unveiled four new equity exchange-traded funds (ETFs) designed to provide access to companies involved in the agriculture, coal, gold and precious metals, and...

A New Jersey-based 403(b) benefits administrator specializing in the K-12 market has acquired an Ohio 403(b) consultant.

The American Bankers Association (ABA), in a letter to the Department of Labor (DoL), expressed its concern over the implications of the agency’s recently proposed fee disclosure rules...

An analysis of new Census Bureau data by the Congressional Research Service (CRS) confirms earlier theories that Americans will work longer than in previous generations - either by...

MetLife has launched a free online tool that it says will help employees choose the most appropriate benefits for “people like me.”

STOXX Ltd., has licensed the Dow Jones STOXX 600 Basic Resources, Dow Jones STOXX 600 Oil&Gas, and Dow Jones STOXX 600 Utilities indexes to ETF Securities Ltd. to...

Invesco PowerShares Capital Management LLC, announced the listing of the PowerShares Global Progressive Transportation Portfolio that will begin trading September 18, 2008, on the Nasdaq Stock Market.

Invesco PowerShares Capital Management LLC, announced the PowerShares Global Biotech Portfolio will begin trading Thursday, on the Nasdaq Stock Market.

Market volatility so far in 2008 may have prompted many investors to flee equities but they apparently haven’t lost faith in mutual funds entirely, according to new data.

A Congressional watchdog agency has recommended the Internal Revenue Service (IRS) simplify its individual retirement account (IRA) rules so more people can take advantage of the tax-sheltered savings...

Bank of America Corporation has agreed to acquire Merrill Lynch&Co., Inc. in a $50 billion all-stock transaction.