News

The downward trend in average expense ratios paid by investors in mutual funds continued during 2012, says a report from the Investment Company Institute (ICI).

Fiserv Inc. updated its Unified Wealth Platform with advanced trading and modeling capabilities, improved model data reporting and more intuitive user interfaces.

The retirement savings crisis can be averted, in part by “extending the scope of what has been a very effective piece of legislation,” an executive from Fidelity Investments...

There was a 28% increase in the number of participants taking loans from their 401(k)s, according to an analysis of Wells Fargo-administered plans.

ING U.S. has announced plans to rebrand in the future as Voya Financial.

A provision in President Obama’s Fiscal Year 2014 budget that pertains to employee stock ownership plans (ESOPs) could result in a disincentive for offering the plans.

Stock and bond mutual funds and ETFs (exchange-traded funds) set an all-time quarterly flows record in the first quarter of 2013 of $246 billion. 

Investment managers grew more optimistic about the U.S. economy in the first quarter of 2013, according to a survey from Northern Trust.

The economic outlook is better than investors might think, according to OppenheimerFunds.

Move over, Italy. British car brands are the top dream cars for most people, a survey found.

Efrain Fernandez, Antonio Lopez and Monique France have been named to the sales and distribution team of Mirae Asset Global Investments.

Published reports indicate President Obama’s 2014 budget proposal will include a cap on retirement savings.

Baby Boomers close to retirement prefer protection of their retirement savings over a risky return, a survey by Allianz Life Insurance Company of North America found.

Andrew Scherer was appointed director of defined contribution (DC) intermediary distribution for Russell Investments’ U.S. adviser-sold business.

When making a decision about plan assets, nearly half of retirees and pre-retirees (41%) consult a financial adviser, research found.

Michael Foy, Daniel Noschese and Kelly Reey have been named defined contribution investment specialists at Putnam Investments.

Vanguard has expanded the availability of its low-cost 401(k) plan service for small to midsize businesses to plan sponsors that work with third-party plan administrators (TPAs).

Robin Gantz was hired by Towers Watson as a senior consultant in its retirement risk business.

Mercer has released a list of six tips for plan sponsors that are considering a participant cash-out program for their defined benefit (DB) plans.

Enrique Chang was named chief investment officer (CIO) of equities and asset allocation at Janus Capital Group Inc.