News

Mutual of Omaha has added a 457(b) retirement platform to its lineup of retirement solutions.  

Old Mutual Asset Management (OMAM) named Brian Carroll, Paul Williams, and Mark Bentley as heads of the Institutional, Non-US, and Retail distribution teams, respectively.

Pen-Cal, a San Francisco-based plan provider, has turned to Stephen C. Nell as its East Coast managing director.

Fiduciary Benchmarks, a 401(k) plan benchmarking firm, has compiled the data and reporting necessary to benchmark more than 98% of U.S. 401(k) plans.

Retirement plan investors seemed of two minds in October, with asset transfers out of 401(k) plans showing equal numbers favoring equities as fixed income, according to the latest...

A new study in three countries found that sending a simple text message can remind individuals to save.

Envestnet has unveiled a retirement income solution for registered investment advisers (RIAs) to help clients plan for retirement.

Heavy equipment manufacturer Caterpillar Inc. has agreed to a $16.5 million settlement of an excessive fee lawsuit in federal court in Illinois.

I’m sure you’ve seen that commercial where a series of more-or-less everyday events and their price tags are presented.

Amid the continuing industry debate over getting workers to retirement versus through retirement, John Hancock has extended its target-date portfolio glide path for another 20 years.

The typical adviser receives more than 100 e-mails, mailings, wholesaler visits and internal sales desk calls every month from product providers—and that’s just from the firms they work...

The Internal Revenue Service (IRS) is reportedly working on a final revenue procedure for Section 403(b) prototype plans that takes into account comments received.

Financial advisers might face challenges to help pre-retirees rebuild their savings, as most pre-retirees are not putting away more money or spending more time with their adviser.

Investors deposited a record $50 billion on a net basis into bond funds in September, bringing year-to-date bond fund flow volumes to $290 billion, according to Strategic Insight...

Citigroup is laying off 75 employees in its personal wealth management group, including branch-based financial advisers, according to Dow Jones.

Fidelity Investments has added resources to its ongoing effort to help investors better understand whether converting their retirement nest egg into a Roth IRA is the best move...

Brokers are switching firms at a slower pace, and the largest number still go to another wirehouse firm rather than a new advisory channel, according to the Discovery...

A U.S. House committee on Wednesday approved the Investor Protection Act, which would expand the power of the Securities and Exchange Commission (SEC).

New York Life Insurance Company has turned to Tom Johnson as head of business development for Retirement Income Security.

Half of employers now offer workers outside investment advisory services, including advice, guidance, and/or managed accounts, according to Hewitt Associates.