News

When it comes to their financial situation, workers seem to be taking a longer-term view – and one focused on retirement, according to a new report. 

In Revenue Procedure 2010-48, the Internal Revenue Service (IRS) provides guidance to drafters and users of pre-approved IRAs.

Charles Schwab has appointed Neil T. Hickey to be Managing Director, Defined Contribution Investment Only.

Long-term 401(k) participants took a big hit to their accounts in 2008 but otherwise enjoyed an average 31.9%-advance in 2009, according to a new study.

Mesirow Advanced Strategies, Inc. (MAS) has hired Bruce McGuire as a vice president and senior member of its client relationship team.

New York Life Investments announced changes in its organizational structure in order to focus on the expansion of its third party institutional businesses initiatives.

Plan sponsors who are allowing direct Roth rollovers from 401(k) and 403(b) plans don’t have to worry about mandatory withholding for those “distributions.”

Working off the “unified managed household” (UMH) advice model, Envestnet says it has created the industry’s first advisory platform with integrated analysis, guidance, and reporting features.  

Nationwide Financial Services has tapped Eric Stevenson as senior vice president and chief sales officer for its public-sector retirement plans subsidiary, Nationwide Retirement Solutions (NRS).

The Insured Retirement Institute (IRI) and RegEd are introducing the “Industry Wide Solution” for the National Association of Insurance Commissioners (NAIC) annuity suitability requirements. 

MassMutual's Retirement Services Division is introducing a new Web site it says is an "engine for action" for participants striving to plan and save for retirement.

Northern Trust has appointed Peter Cherecwich as head of Global Fund Services (GFS).

Sustainable Asset Management (SAM) and Dow Jones Indexes announced the creation of the Dow Jones Sustainability World Enlarged Index (DJSI World Enlarged).

The Securities and Exchange Commission (SEC) has voted to propose new rules to “strengthen the SEC's oversight of investment advisers and fill key gaps in the regulatory landscape”.

Government auditors warned Congress that boosting the Social Security retirement age would harm poor and minority Americans as well as raise disability claims from older disabled people who...

Thanksgiving has been called a “uniquely American” holiday, and one on which, IMHO, it is fitting to reflect on all for which we have to...

Russell Investment Group is stepping up its efforts to enter the ETF market as a direct provider.

The Internal Revenue Service (IRS) released final versions of Form 3921 and 3922 on which employers are required to report information relating to incentive stock options (ISO) and...

Senate Minority Leader Mitch McConnell (R-Kentucky) and 32 other GOP senators filed a brief on Thursday in favor of a court case challenging health care reform.

Across all income groups, retirement income from employer-sponsored retirement plans is more prevalent among retirees today than in the mid-1970s, according to an Investment Company Institute (ICI) study.