As a reaction to the plunging stock market, the overall transfer activity in the Hewitt 401(k) Index was significantly higher in 2008 than in previous years.
The top concerns of fund managers during the next 10 to 20 years focus on inadequate retirement incomes from defined contribution (DC) plans for large segments of the population and greater regulation costs, according to a Watson Wyatt survey.
The Spectrem Millionaire Investor Index (SMII) saw its largest increase ever when it jumped 16 points in December to -23.
In the past year, retirees/pre-retirees with financial planners lost money at about the same rate as those without financial planners, according to a survey of Consumer Reports readers.
Despite a challenging 2008, independent advisers surveyed in an SEI Quick Poll are positive about success in the coming year.
Current assets in Shariah-compliant investments may be more modest than cited by many regulators and industry players, according to a new analysis.
Global equity markets rebounded in December, according to Standard&Poor’s Index Services monthly global stock market review, “World by Numbers.″
Parents’ savings for their children’s college educations took a big hit as a bond fund offered by at least four state 529 plans lost more than a third of its value last year.
Just telling participants to “stay the course″ might not be enough.
As economic turbulence has been on the rise, many financial planners say they are seeing an increase in potential clients.
Sixty percent of advisers agree the U.S. is already in a recession, but their clients are continuing to save for retirement, according to a survey released today by OppenheimerFunds, Inc.
A recent study suggests current economic woes may lead financial advisers to rely more heavily on asset manager leadership.
A significant majority of financial advisers are confident in the country’s economic prospects, according to the latest Brinker Barometer from Brinker Capital.
Why do most not save enough for retirement?
Fidelity Investments reported that its 2006 net income was off by11.3% - its first profit drop in four years - as it scrambled to keep up with rivals, according to news reports.