News

Standard&Poor’s has launched three more Shariah-compliant indexes: the S&P Global Infrastructure Shariah, the S&P Global Healthcare Shariah, and the S&P /IFCI Large-MidCap Shariah.

Schwab Institutional, a provider of custodial, operational, and trading support for independent investment advisors, has announced new services designed to help advisers retain the management of trust assets.

Following billions of dollars in write-downs and an unauthorized look to Wachovia Corp. for a possible merger, Stan O'Neal will reportedly be leaving his post as CEO of...

Across all plan sizes, target-date funds are the most common default investment option although, in general, small plans are much less likely to have them on their menu...

It may have lacked the hoopla of a midnight Harry Potter release, but in retirement industry circles, last week’s publication of the Department of Labor’s final regulations on...

It may have lacked the hoopla of a midnight Harry Potter release, but in retirement industry circles, last week’s publication of the Department of Labor’s final regulations on...

A federal judge has refused to reconsider his earlier ruling that Deere&Co. was not obligated to disclose the revenue sharing arrangements in its 401(k) plan, clearing the company...

U.S. Representative Charles Rangel (D-New York) has unveiled a bill requiring the recognition of ordinary income on the exercise of stock options in an S corporation with an...

The Investment Company Institute (ICI) has issued a statement strongly urging the state of Michigan to repeal a portion of recently enacted legislation that imposes a sales tax...

Stock and bond funds posted net inflows of $37.9 billion in September 2007- a sharp increase from the $1.76 billion inflow posted in August, according to data from...

Prudential Annuities, the domestic annuity business for Prudential Financial, Inc., has partnered with the University of Pennsylvania’s Wharton School to launch an executive education program that will provide...

Beneficial Investment Services, Inc. will now be able to offer six new managed account programs with the addition of FundQuest to its investment platform.

Referring to fees charged to 401(k) plan participants, at a hearing Wednesday, the Chairman of the Senate Special Committee on Aging said that consumers have a basic right...

John Hancock Retirement Plan Services (JHRPS) has launched a defined benefit program.

Lincoln National Corporation has expanded its Defined Contribution Intermediary Sales distribution team, bringing the number of external wholesalers for its wirehouse and independent adviser channels to 20 per...

Adam Miloro has joined Boston-based benefits consulting firm Longfellow Benefits as an account executive, focusing on retirement-plans.

Dreyfus Investments has joined DTCC's Managed Accounts Service (MAS), a centralized platform for the industry, designed to streamline communications associated with opening and maintaining managed accounts.

Citigroup Inc. has tapped Jeffrey Applegate to be chief investment officer of its Citi Global Wealth Management unit.

Online investors make the majority of their investment decisions independent of an investment adviser (56% of investors who trade securities online) are more likely to have an appetite...

Still River has updated its 403(b) Contribution Planner software, which it says is the first software that complies with the latest IRS regulations, including 2008 calculation factors.