News

ING Groep NV has started laying off 400 people in its U.S. insurance operation, preparing to sell the unit in an initial public offering, Dow Jones reported.

Netherby Wealth Management Solutions of Westport, Connecticut, is bringing AdvisorWorks to the market, an integrated front-office operational platform for financial advisers.

Financial Research Corporation (FRC) says registered alternative products have performed strongly over the past few years and may be of interest to asset management firms.

Strategic Insight, an Asset International company, announced the availability of “Variable Annuity Living Benefits and Eligible Funds,” a new report highlighting the industry’s most popular and newly innovated...

Merrill Lynch had accused Morgan Stanley of poaching a team of its brokers–a team that had handled $215 million in client assets.

Kristen Whisnant has joined NFP Securities, Inc. as senior vice president, Advisory & Investment Services.

In a study about charitable behaviors of high-net-worth households, Bank of America Merrill Lynch found that giving is as important as before the recession, but many are giving...

Vision Capital Management Inc. announced Todd S. Jessup will join the firm as Director, Institutional Marketing and Client Services.

Transamerica Retirement Services introduced a new plan management program to help financial advisers, third party administrators, and plan sponsors better administer employer-sponsored retirement plans.

USAA selected AdviceAmerica technology, recently acquired by Fiserv, to provide its members with an online retirement savings and distribution tool.

A settlement of $4.5 million has been preliminarily approved by a federal court in a consolidated class action lawsuit against Diebold, Incorporated.

The retirement services division of American United Life Insurance Company (AUL) announced the appointment of Gail Lingle to the position.

Speaking at the Security Industry and Financial Markets Association’s (SIFMA) annual meeting earlier this week, Senator Chris Dodd (D-Connecticut) attempted to explain the Dodd-Frank act to a skeptical...

Mercer announced a number of management changes in its Investments and Retirement, Risk & Finance businesses.

Pre-retiree participants who continuously held a 401(k) plan with Fidelity Investments for the past 10 years more than doubled their account balances, according to a Fidelity news release.

The U.S. District Court for the Southern District of New York ruled in favor of an employer sued for its use of a year-old stock valuation when making...

Forty-six percent of 50 to 60 year olds have a target retirement date or age in mind, 38% have a target nest egg in mind, and 34% have...

If you are a man with a moustache, November is your time to shine.  

A retirement industry trade group says that a proposal in the Deficit Reduction Commission Proposals could eliminate 401(k) plans.

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