News

Invesco PowerShares Capital Management LLC plans to launch what it said was the first exchange-traded fund (ETF) to provide access to a portfolio of senior...

The Internal Revenue Service (IRS) has provided clarification on how section 403(b) plan termination provisions apply.

PIMCO has hired Ravi Mattu as a Managing Director and Head of Analytics.

Transamerica introduced Retirement Income Max, an optional living benefit rider, available with Transamerica’s suite of variable annuities.

About half of nearly 1,300 advisers surveyed by Curian Capital surveyed feel time management and efficiency will be their biggest challenge in 2011. 

Putnam Investments plans to launch a version of its Absolute Return 500 Fund for use by insurance companies in variable annuities and other variable insurance products.

The sampling size was small, but a recent survey found that participants who got financial advice held more funds and enjoyed a higher rate of return than those...

ASPPA and a group of 403(b) plan professionals have renewed their appeal to the government for additional relief for 403(b) sponsors struggling to meet new compliance requirements of...

Thousands of protestors took to the streets this past week—in Wisconsin.  

The ERISA Industry Committee (ERIC) urged a federal appellate court not to disturb a lower court decision throwing out a stock drop suit against ING.

The U.S. Department of Labor (DoL) released an agenda for its public hearing on a proposal to refine the definition of fiduciary.

LPL Financial has introduced a platform that allows for discretionary management of variable annuity assets for LPL Financial-affiliated advisers.

In 2010, local Asia long-term funds gathered $55 billion in net inflows, slightly higher than in 2009, according to Strategic Insight, an Asset International company.

After five years of litigation, a judge gave final approval to a settlement of a suit accusing Ford Motor Co. of continuing to offer company stock in its...

The Newport Group introduced a Focus on Total Rewards benchmarking analysis, which provides comprehensive intelligence about executive benefits.

Principal Funds, the mutual fund arm of the Principal Financial Group, has created resources to help financial professionals guide clients through their Social Security benefits.  

Standish Mellon Asset Management Company LLC and The Boston Company Asset Management (TBCAM) are jointly managing the Total Emerging Markets strategy. 

Inadequately protecting confidential customer information was the reason behind the fines.

Fidelity Investments reports that nearly one-third of its Roth IRA Conversions executed across its retail and adviser businesses in 2010 occurred during the month of December.

FTSE Group has licensed GlobalX Funds to create an exchange-traded fund (ETF) based on the FTSE/ASEAN 40 Index.