News

Current assets in Shariah-compliant investments may be more modest than cited by many regulators and industry players, according to a new analysis.

With recent market volatility, a concern that some participants are too aggressively invested in equities has been added to the ongoing concern that some participants are invested too...

Global equity markets rebounded in December, according to Standard&Poor’s Index Services monthly global stock market review, “World by Numbers.″

A former employee of Boston Scientific Corp., who dropped out of a previous lawsuit before it was dismissed, has filed a new lawsuit alleging the company breached its...

As 403(b) plan sponsors and advisers have prepared for new Internal Revenue Services regulations in effect as of January 1, no doubt communications with participants about the new...

Fidelity Investments named Peter Cieszko, former president and CEO of Evergreen Investments, as president of Fidelity Investments Institutional Services Company, Inc.

Fiscal fitness, not physical fitness, is a slightly higher priority for younger adults than for older adults, according to a survey commissioned by Union Bank.

Transamerica Retirement Management, Inc., has selected money management firm Fund Architects to enhance its SecurePath Advisory Services retirement planning product.

Millennium Trust Company, a provider of IRA administrative and custody services, announced it has joined Wealth Management Systems Inc.'s (WMSI) Rollover Network.

John Siciliano has been named as a New York Life Investments senior managing director and head of the firm's investment boutiques.

T. Rowe Price has expanded its fixed-income investment offerings by launching the Strategic Income Fund, the company announced.

Robert McCann, the vice chairman of the wealth management division at Merrill Lynch&Co. Inc., will be replaced by Dan Sontag, according to published reports.

Albridge Solutions, a PNC Global Investment Servicing company, and Enterprise Financial Services Corp are teaming up to provide financial advisers consolidated statements and wealth reporting capabilities, the companies...

Morningstar said its 2008 fund manager winners demonstrate proven strategies by experienced teams, rather than “trend-chasing.″

In keeping with trends across the industry, Prudential Retirement saw participants in its plans moving away from equities in the latter part of 2008.

Ascensus has acquired Baden Retirement Plan Services (Baden) from Clark&Wamberg LLC.

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...

An unconfirmed memo by NCR Corp.’s CEO said effective immediately the company will reduce its employer match for 401(k) plan participants.

A Florida law that went into effect January 1 includes stronger suitability requirements that agents must meet when selling an annuity to a consumer.

The Certified Financial Planner Board of Standards, Inc. (CFP Board), is looking for public comment about proposed revisions to its Disciplinary Rules and Procedures.