News

The Securities Industry and Financial Markets Association (SIFMA) had its turn Tuesday at the Department of Labor’s (DoL) hearing to address the proposed changes to the definition of...

Pershing LLC, a BNY Mellon company, says its independent study examines how a dually registered adviser can combine a fee-based and commission-based business.  

A U.S. District Court judge has granted final approval of an $18.5-million settlement in an excessive 401(k) fee suit.

J.P. Morgan believes that the proposed regulations to redefine the definition of fiduciary should eliminate unnecessary and subjective standards.

Larry H. Goldbrum, General Counsel of The SPARK Institute, said any changes to the definition of fiduciary should not be overly dramatic changes in policy.

The U.S. REIT market significantly outperformed the S&P 500 through February, according to the National Association of Real Estate Investment Trusts (NAREIT).

The new international equity fund offering is named Transamerica TS&W International Equity.

Fund managers are bullish about the prospects for public equities and emerging markets in 2011, but have bearish views of nominal government bonds.

Federal regulators heard from the president of Great-West Retirement Services who said efforts to rework the definition of a fiduciary could "set the retirement industry back 25 years."

The American Benefits Council (ABC) spoke at the Department of Labor’s (DoL) hearing today about its proposed redefinition of fiduciary.

MetLife, Inc. and PIMCO have created a retirement income solution that combines investment and insurance products.

The Center for Retirement Research at Boston College found that customized advice for pre-retirees can help them take smarter actions.

Russell Investments announced the 2011 schedule for its annual index reconstitution process, which reflects the past year’s global shift in equity markets.

The TCW Group hired Rohit Sah as portfolio manager for the new TCW International Small Cap Fund.

Seventy-two percent of pre-retirees and 55% of retirees are calculating the effects of inflation on their retirement planning, according to the Society of Actuaries (SOA).

MetLife and Philadelphia-based Firstrust Financial Resources, LLC, announced their partnership today.

An Aviva survey found more than half of Americans expect to work past their expected retirement age; giving the U.S. the highest percentage out of ten countries surveyed. 

The Internal Revenue Service (IRS) issued a notice of guidance regarding employer securities held by certain qualified retirement plans.

Lincoln Financial Network, the retail distribution division of Lincoln Financial Group, has expanded its Office of Practice Management (OPM) services.  

State Street Corporation appointed Tom Forrester as managing director and head of its operations in Kansas City, Missouri.