News

Between 2005 and 2009, the rate of poverty among American seniors rose as they aged.

 The Centre for Fiduciary Excellence (CEFEX) will expand its assessment guidelines for retirement plan sponsors, financial advisers and recordkeepers.   

Vestmark announced the introduction of comprehensive compliance solutions for fee-based accounts within its unified wealth management platform, VestmarkONE.  

Christine Gaze was named the new director of practice management for TD Ameritrade Institutional, a division of TD Ameritrade Inc.  

More than three-quarters of middle-income Americans (76%) between the ages of 50 and 69 say they are sticking with their jobs because they want to.

JPMorgan Chase did not breach its fiduciary duties to a pension plan by investing the plan's assets in Lehman Brothers notes through JPMC's securities lending program.

 Altegris announced Tuesday the launch of a share class designed exclusively for registered investment advisers (RIAs).  

Security Benefit Corporation has formed a partnership with fi360 for fiduciary education.

The U.S. Government Accountability Office (GAO) has concluded that defined contribution retirement plan approaches in other countries may be beneficial to the U.S.

The annual Trustees report on the financial health of Social Security Trust Funds says funds will be exhausted by 2033, three years sooner than projected last year.

Conventional wisdom about how high-risk stocks perform compared with low-risk ones is completely wrong, a study found.  

Older Americans aren’t that literate when it comes to finance, which could have a negative impact on their ability to plan successfully for retirement.

  Savvy broker/dealers need to start understanding how to win the next generation of investors, an industry analyst said.   

Lion Street and American Financial Systems, Inc. (AFS) formed an alliance.

Kerry W. Hemphill, principal of Creative Benefit Concepts, has affiliated with Signature Financial Partners LLC, a John Hancock Financial Network (JHFN) member.

Genworth Financial Wealth Management introduced a program with lending opportunities for advisers seeking practice acquisitions.  

 Large plans make up a significant majority of defined contribution (DC) assets.

 LPL Financial announced several changes in executive-level staff.   

A federal court decided neither a plan participant nor ConAgra Foods retirement plan and committee has met its summary judgment burden...

 The 3rd U.S. Circuit Court of Appeals has reversed a lower court's decision about excessive fee claims against John Hancock.