News

Investors added $86.5 billion to long-term open-end mutual funds in January.

Investment managers worldwide are expected to grow less than 1% from net new money annually through 2017.

The Internal Revenue Service (IRS) issued guidance reflecting changes to pension funding calculations in the Moving Ahead for Progress in the 21st Century Act (MAP-21).

The companies of OneAmerica launched Index(k), an approach to retirement plan construction focused on indexed investing.

Market Vectors ETF Trust launched the Market Vectors BDC Income ETF (NYSE Arca: BIZD).

Russell Investments introduced Adaptive Retirement Accounts.

Global asset managers are cozying up to digital media for their sales and marketing strategies.

Win-loss survey data shows the proportion of plan sponsors remaining with the incumbent after conducting full 401(k) provider searches has continued to grow.

 Less than half (46%) of those in households making $50,000 per year or less have a retirement plan in place.  

A growing number of small and midsized U.S. institutions are considering outsourcing discretionary control of part or all of their investment portfolios, a report asserts.

A former investment adviser to the two City of Detroit pension funds pleaded guilty to his part in a pay-to-play scheme.

Financial advisers may boost sales of 529 plans far more than plan assets and net sales suggest, according to a report.

Participants from three 401(k) plans have filed a lawsuit against Fidelity Investments regarding its use of float income.

 The median return of the BNY Mellon U.S. Master Trust Universe was 1.95% for the fourth quarter of 2012.   

 Another group of participants has failed to establish standing to sue KeyCorp for claims related to its 401(k) plan’s stock holdings.   

 Advanced use of automatic features in plan design can achieve improvement in plan success measures, a report asserts.   

A OneAmerica survey found that 44% of men are “confident” or “very confident” they will be able to comfortably...

The analytic tool, designed for advisers, answers clients’ questions about how much they can safely withdraw.

The growing opportunity in IRA rollovers should be a key component of financial services firms’ strategies over the next five years.

Exchange-traded fund (ETF) assets increased $67.7 billion (5.0%) in January.