News

A new survey suggests that Americans are not only cutting back on savings, a growing number are dipping into those accounts.

Goldman Sachs Asset Management has raised $5.5 billion from investors to start a fifth fund dedicated to buying private equity investments on the secondary market.

A federal appellate court has thrown out a lower court decision in favor of Ameriprise Financial in a dispute over whether its fund fee structure violated Section 36(b)...

Prudential Retirement has a new target for its IncomeFlex solution: target-date funds.

A Hewitt Associates study found plan sponsors could save as much as $25 million by cutting the 401(k) match, but it could also hurt participants' savings.

The U.S. Department of Labor has subpoenaed Tribune Co. in an investigation connected to the media company's employee stock-ownership plan (ESOP).

Data from MassMutual's Retirement Services Division suggests that, although economic pressure continues to affect overall participant balances and savings activity, younger retirement plan participants (under age 30) are...

Last week, I attended a media briefing sponsored by BGI titled “Restoring Confidence: Saving the Future of Retirement.″

Walter Donovan, Fidelity Investments’ equity chief, has left the firm to join Putnam Investments.

A Fairfield, Connecticut, podiatrist has been ordered to restore assets to his firm’s 401(k) plan that were stolen by an investment management firm and to pay a civil...

According to a new survey, more than half of Americans think capitalism is better than socialism.

The top official of a Horsham, Pennsylvania-based medical management consulting firm has been indicted in federal court on charges that he stole employees' retirement contributions.

Already facing a number of lawsuits over subprime mortgage investments, State Street Corp. now has to face an order of nuns in court.

UBS plans to lay off lower-producing financial advisers later this month, according to a report in The Wall Street Journal.

CAPTRUST Financial Advisors, an independent investment research and fee-based advisory firm, has hired adviser David A. Camper.

Although most starting salary offers to the college Class of 2009 have decreased slightly from those offers extended to the Class of 2008, business disciplines have seen increases...

A survey of investment managers by Northern Trust Global Advisors (NTGA) found that nearly half of those polled are less risk-averse than they were three months ago.

The majority of financial services companies (66%) don’t mention the financial crisis on their corporate Web site home pages.

U.K. bank Barclays agreed Thursday to sell its iShares exchange-traded funds (ETFs) business to European private-equity firm CVC Capital Partners.

Advisers who sell Securian retirement plans will find new client support tools at SecurianRetirementCenter.com.