News

The results from Diversified’s Report on Retirement Plans – 2011 show nearly one-half (48%) of larger companies have implemented automatic enrollment, and an additional 36% are considering implementing this...

BrightScope and Target Date Analytics released "Popping the Hood, IV," the latest study in a series that provides analysis of target-date funds (TDFs) and fund families.

California will be closing its adviser-sold unit, a small portion of the 529 college-savings plan, in which residents invest in the plan through brokers and financial planners, reports...

Towers Watson named Michael Popkin co-head of insurance-linked securities (ILS) for Towers Watson Capital Markets (TWCM), the company’s U.S.-based broker/dealer.

Non-retired Americans are showing a clear desire for guaranteed income in retirement, according to a survey by Allianz Life Insurance Company of North America.

An ING survey found that one quarter of Americans (28%) say nothing has gotten in their way of saving for retirement.

According to an Anova Consulting Group survey, small-market retirement plan sponsors report that defined contribution providers (or recordkeepers) are delivering a higher level of client service than retirement...

The Dow Jones Industrial Average (DJIA) is launching a regional version of the index, The Asia Dow.

Fiserv, Inc., a provider of financial services technology solutions, is rolling out a Unified Wealth Management Platform for adviser clients.  

Prudential Retirement has reorganized its business to integrate its product, service and operations teams into three business lines.

Former JPMorgan Chase trader Damien Bombell has started a hedge fund to invest in metals, grains, and energy, reports Business Week. 

A MassMutual study found that Hispanics are twice as likely (22%) as the general population (13%) to say they struggle between saving for their children’s college education and...

TIAA-CREF has developed a retirement plan solution designed for not-for-profit institutions with $1 million to $20 million in retirement plan assets.

Surveyed registered investment advisers (RIAs) said that the top reason investors choose to work with an independent RIA is because of the fiduciary responsibility that comes with the role....

Vanguard will introduce a new fund to its Target Retirement Funds in early 2012, as well as merge two funds with similar asset allocations.

First National Bank of Omaha, the Nebraska Educational Savings Trust, and the State Treasurer announced the launch of the Bank Savings Investment Option, Nebraska's FDIC-insured 529 savings option.  

Mary Read has joined Alliance Benefit Group-Pentegra as the National Director of Qualified Plan Marketing.

The Hartford is rolling out The Hartford Lifetime Income solution that can be delivered through 401(k) plans to provide participants with a guaranteed paycheck for life.

The latest report from Hearts & Wallets contends that more wealthy investors are questioning the value of professional financial advice as a result of their shrinking assets.  

I recently found myself driving in an unfamiliar city without the aid of a GPS (global positioning system).