News

There were three big disclosure announcements last week.   

In a live Web chat, Phyllis Borzi, Assistant Secretary of Labor for the DoL's Employee Benefits Security Administration, said her staff is working to finalize its proposed amendment...

ASPPA and the National Tax Sheltered Accounts Association (NTSAA) have submitted a letter to the IRS regarding the termination of a 403(b) plan which is funded, in whole...

Hermes Real Estate Investment Management has partnered with UOB Global Capital and Hampshire Real Estate Companies to launch a closed-end commercial real estate income fund.

An $8.2 million settlement has been preliminarily approved by the U.S. District Court for the District of Puerto Rico in the consolidated class action lawsuit against Puerto Rico-based...

Excluding China, long-term funds in Asia collected over $15 billion in net flows during May, according to data from Strategic Insight, an Asset International company.

In order to meet the firm’s expanding client service needs, Drinker Biddle & Reath LLP has created a Financial Services ERISA Team.

Kravitz has announced the upcoming launch of what it called the nation's first ever Cash Balance Daily Access online portal. 

A recent survey of U.S. consumers and financial advisers set out to measure differences in perception when looking at an adviser’s level of honesty, trustworthiness, ability to deliver...

Kelley Drye & Warren LLP has announced the election of three partners and appointment of two special counsel.

DBL Investors appointed Lisa Hagerman as Director of Double Bottom Line Programs, and Patrick Sagisi and Sarah Ham to be Associates on the investment team.

WisdomTree has brought its WisdomTree Global Real Return Fund (RRF) to the NYSE Arca.

Charles Schwab has launched the Schwab U.S. Aggregate Bond ETF, which aims to provide broad exposure to U.S. taxable bond market.

Strategic Insight, an Asset International company, estimated that investors poured an additional $10.6 billion into U.S. ETFs in June, after $4.5 billion net inflows in May.

ProShares released an exchange-traded fund that seeks to provide hedge fund benefits without the same investment challenges.

Survey results from Fidelity Investments reveal more than half (55%) of current workplace savings plan participants say they would not be saving for retirement if they didn't have...

Uncertainty over the economy and unemployment increased in June, sparking U.S. mutual fund investors to redeem an estimated $2 billion in cash out of U.S. stock and bond...

The Institutional Retirement Income Council (IRIC) has published an issue brief outlining critical issues and questions that plan sponsors should consider when evaluating and choosing guaranteed lifetime income...

Nationwide Financial has chosen DST Global Solutions’ investment analytics solution, Anova, to strengthen its managed account performance measurement and reporting capabilities.

With the demanding schedules many advisers face, finding time to go to the gym may be low on the priority list. Here’s an alternative…