News

Under pressure, AIG VALIC has agreed to disclose its revenue-sharing agreements for a new 457 retirement plan offered to Los Angeles Unified School District (LAUSD) employees.

A federal judge has rebuffed the latest effort by FleetBoston Financial Corp. to derail a lawsuit charging that its cash balance plan discriminates against older workers.

The US District Court for the Western District of Kentucky ruled that, even though the surviving spouse of a retirement plan participant waived her rights to benefits in...

The gap between mutual fund ownership outside of retirement plans and inside of retirement plans narrowed in 2006, a recent survey by the Investment Company Institute (ICI) revealed.

Women ages 21 to 64 have a slight edge when it comes to saving for retirement in an employer plan, according to a new study.

If you're interested in building out your business to affluent women, consider yourself forewarned.

Anchored by the Dow Jones Wilshire Global Total Market Index, the new index family seeks to measure all stocks with readily available prices in the world's markets, according...

Barclays Global Investors has tapped Noel Archard has head of Product Development for the U.S. iShares Business.

A new Putnam Investments analysis of the Department of Labor (DoL)-approved default option list suggests plan sponsors could be doing participants a disservice by concentrating too heavily on...

The Hartford Financial Services Group, Inc. has announced a settlement with the Securities and Exchange Commission (SEC) related to its use of directed brokerage and revenue sharing in...

The National Association of Securities Dealers (NASD) has fined Chase Investment Services Corporation of Chicago and MetLife Securities, Inc. of New York $500,000 each for failing to establish...

To help marketers more accurately target the baby boomer generation, the market research firm of Chadwick Martin Bailey (CMB), in conjunction with Arnold Worldwide, concluded a study by...

A new study from the Investment Company Institute (ICI) shows that 401(k) plans, originally perceived as a supplement to worker pensions, now have more than twice as many...

401kDIRECT Network has released a "TOTAL Solutions Package" that will be marketed through a plan's broker, RIA, TPA, CPA or benefit consultant.

Paychex Inc., which provides payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses, has added a Roth 401(k) feature to its retirement services offering.

Van Kampen Funds Inc. has launched the Van Kampen Asset Allocation Funds, a series of target risk open-end mutual funds.

DWS Scudder announced it has added the managed account component of Morningstar Retirement Manager to its defined contribution investment advisory services.

T. Rowe Price has launched an enhanced suite of retirement-oriented Advisory Planning Services.

A Portland, Oregon firm has unveiled a new Web-based portfolio investment monitoring system.

Progressive Asset Management (PAM) announced the launch of "Progressive Track Investments" (PTI), a suite of investment products that are both socially screened and track existing benchmark indices for...