News

Nationwide Financial Services is now offering a new plan design that includes target-date funds as core investment options along with a mutual fund window.

Perfection is a rare thing, particularly in sports.

The likelihood of being a retirement plan participant increases with age, according to the Employee Benefit Research Institute (EBRI).

MacKay Shields LLC, and its affiliate New York Life Investment Management (NYLIM), announced the availability of the company’s first 130/30 fixed income product offering.

Annuities in defined contribution plans are gaining momentum as aging baby boomers seek to create guaranteed retirement income streams, according to a report from the Financial Research Corporation...

Marsh&McLennan Companies, Inc. (MMC), whose insurance brokerage unit has undergone management changes in recent months, on Wednesday tapped Brian Duperreault as MMC’s new president and chief executive officer.

The Securities and Exchange Commission (SEC) has fined Heartland Advisors Inc. $3.9 million for mispricing two municipal bond funds.

FTSE Group, a global index company, and Yasaar Research on Wednesday launched the FTSE Shariah Global Equity Index Series.

Claymore Securities, Inc. announced the launch of the Claymore/AlphaShares China Small Cap Index exchange-traded fund (ticker: HAO) on the American Stock Exchange.

PowerShares Capital Management LLC has announced the anticipated listing of the PowerShares India Portfolio, a new exchange-traded fund (ETF) expected to begin trading in mid- to late-February on...

National Retirement Partners, Inc. (NRP), a network of independent retirement plan focused advisers, has announced six new member firms.

Putnam Investments has announced its Global Asset Allocation (GAA) Team will assume responsibility on an interim basis for Putnam Voyager Fund and Putnam Growth Opportunities Fund.

Stock and bond mutual funds experienced net inflows of $47.2 billion in December and $376.3 billion for the year, according to data from the Financial Research Corporation (FRC).

High net worth individuals are primarily concerned about the safety of their family, but they also have significant concerns about the protection of financial assets such as stocks,...

American International Group, Inc. (AIG) has reached settlements with nine states and the District of Columbia relating to industry-wide investigations into producer compensation and insurance placement practices.

Claymore Securities, Inc. has introduced a Web-based tool designed to help financial advisers recommend asset investment strategies to their clients.

As the U.S. Supreme Court ponders whether a 401(k) participant can pursue a fiduciary breach suit on behalf of himself rather than on behalf of the plan, a...

Those with individual retirement accounts (IRA) tend to keep that money where it is for potential use later on in their retirements, according to a new Investment Company...

DWS Scudder, the U.S. retail unit of Deutsche Bank’s Asset Management division (DeAM), has announced the appointment of four senior professionals to the firm’s wholesale distribution team.

Today, Integrity Mutual Funds, Inc. announced a new initiative providing solutions-focused education to its investors and financial advisers.