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In an unusually volatile month, nervous investors redeemed an estimated $34 billion in net cash out of U.S. stock and bond mutual funds in August.

To empower employers and provide them with actionable information about their plan participants’ retirement readiness, Putnam Investments is making its Lifetime Income Score available more broadly to the...

Few defined contribution investment managers are effectively positioned to grow market share, according to Cogent Research.

Excluding money market programs, local funds in Asia pulled in $7.7 billion in cash flows in July.

The 3rd U.S. Circuit Court of Appeals has upheld a district court ruling dismissing charges that Unisys Corporation and Fidelity Management Trust Company caused participants in Unisys’ retirement...

A draft bill from House Financial Services Chairman Spencer Bachus (R-Alabama) calls for SEC-registered advisers to be transitioned from SEC regulation to a self-regulatory organization (SRO).

The U.S. District Court for the District of Rhode Island has given a mixed ruling to participants alleging breaches of Employee Retirement Income Security Act (ERISA) fiduciary duties...

Forward Management has appointed Jason Clarke as a Vice President of Sales and Eileen McCarthy as a Senior Product Marketing Manager.

Charles Schwab has created Schwab Intelligent Integration solutions for independent registered investment advisers (RIAs). 

The U.S. Department of Labor’s Employee Benefit Security Administration (EBSA) is hosting a Webcast to discuss the final rule on improving the transparency of fees and expenses for...

Mirae Asset Global Investments (USA) has named Joon Kwun as President and CEO. 

Bank of America Merrill Lynch’s latest 401(k) Contribution Activities Scorecard shows that as of June 30, 2011, nearly 1.5 million participants are actively contributing to their 401(k) plans.

The question of how broker/dealers (B/Ds) and registered investment advisers (RIAs) should be regulated will be discussed at a hearing on September 13 by a House of Representatives...

Karen Olsen, Jason Timko, and Anna Toy are Ascensus’ newest Regional Vice Presidents for its Florida, New York Metro and Pacific Northwest territories, respectively. 

Savingforcollege.com released its 529 Plan Composite Performance Rankings for the second quarter.  

LPL Financial has released an enhanced proprietary version of SearchPro, a Web-based qualified plan provider search and benchmarking tool.

PricewaterhouseCoopers (PwC) was unable to prove that its calculation of benefits for cash balance plan participants satisfied the Employee Retirement Income Security Act (ERISA), a court found.

A paper released by the National Bureau of Economic Research (NBER) presents new empirical evidence about the effects of retirement benefits on labor force participation decisions.

Cerulli's latest research indicates that advisers anticipate increasing their discretionary business to account for 71% of their assets by 2013.

Louis Slagle was promoted to sales director of Securian Financial Group’s Independent Distribution Group (IDG).