News

Only 1% of defined contribution (DC) plan participants stopped contributing to their plans, and 1.2% took withdrawals in the first quarter, a report found. 

The first half of 2012 saw 25 deals completed, totaling about $36.2 billion in assets under management, according to Schwab Advisor Services Reports.

Defined contribution (DC) plan participants transferred monies from equities into fixed-income investments in June despite the market rally, according to the Aon Hewitt 401(k) Index. 

 Senator Tom Harkin’s (D-Iowa) new report, "The Retirement Crisis and a Plan to Solve It," has received mixed reviews.  

The Financial Planning Coalition welcomed the Investment Adviser Examination and Improvement Act of 2012, while the Bachus self-regulatory organization...

 The summer brings higher temperatures—and according to benchmarking data from Charles Schwab, it also brings a higher rate of 401(k) loans.   

Union Bank in San Francisco appointed Dennis J. Mooradian as president and chief executive of HighMark Capital Management Inc.

The Indianapolis  retirement plan and institutional investment advisers, formerly known as The Prince Group, have established Praxis Fiduciary Advisors LLC.

Income from defined benefit (DB) pension plans significantly contributes to the well-being of older Americans.

Global equity markets rallied in June, but second-quarter performance suffered as the global economic picture showed little signs of sustained improvement, a report found. 

Financial services firms are making adviser education a priority and expanding the scope of retirement goals, a survey found.

Mutual of Omaha’s Retirement Plans Division named Diane Kolvek and J. Michael Peddicord as regional sales directors, and Robert Nourse as national accounts channel manager. 

If you use an iPhone or an Android smartphone, you’re more likely to vote for Obama than for Romney, a survey found.

Exchange-traded fund (ETF) providers compensate for the lack of live data on new funds by using an index’s back-tested data to predict performance, a report found.

Paladyne Systems Inc. updated its Reference Data Suite, a reference data management solution, to address increasing hedge fund and private equity regulations, and Form PF filing.

Advent Software Inc. will collaborate with Data Agent LLC to provide tools to help hedge funds and hedge fund administrators meet Form PF reporting requirements.

Through its new ETF family, Huntington Strategy Shares, Huntington Asset Advisors Inc. released a second actively managed exchange-traded fund (ETF).

John Harrington was named vice president and director of U.S. Consultant Relations for Old Mutual Asset Management (OMAM).

Only about one in six people (16%) worldwide is confident their current savings are sufficient to cover financial needs after retirement, a survey found.

Investors should bite the bullet and move back into large-cap, dividend-paying and emerging markets stocks, as well as diversify fixed-income holdings, BNY Mellon Wealth Management said.