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Emerging, Developed Markets Stayed Positive in November
Returns from the world’s emerging and developed markets stayed in the black in November as oil prices remained significantly below their summer highs, Standard&Poor’s said Tuesday.
Hedge Fund Industry Grew 21% in 2006
A new survey of the US hedge fund industry found it has grown 21% to $1.22 trillion this year.
Workers Give Minimal Attention to Retirement Accounts
The majority of workers polled by AllianceBernstein admitted they are unprepared or reluctant to monitor and manage their retirement plan investments.
Principal Survey Finds Concern about the Future
Almost three-quarters of employees (71%) and half of retirees (50%) said they were very concerned about their long-term financial future, according to the latest Principal Financial Well-Being Index.
Investing Confidence Is No Assurance That Savings Will Last
A recent survey from New York Life Investment Management (NYLIM) found participants confident in their 401(k) investment decisions, but still not sure their savings will last in retirement.
Domestic Equity Reverses Course in October
Stock and bond funds experienced net inflows of $29.8 billion in October, led by International/Global funds with net inflows of $14.4 billion and Domestic Equity funds with an...
Participants Are Getting Their Money's Worth in 401(k)s, ICI Says
At a time when many in the retirement services community and some influential lawmakers are up in arms over fees paid by 401(k) participants, the Investment Company Institute...
American Funds Enters Target Date Market
American Funds has made its inaugural step into the target date fund market by adding nine funds to its retirement fund lineup.
Clark Capital Unveils 401(k) Managed Accounts
Clark Capital Management Group, a Philadelphia-based investment adviser, has announced its Navigator investment platform is available for implementation in 401(k) plans.
NASD Fines Jefferies $5.5M for ‘Improper Gifts’ to Fidelity Traders
The NASD announced Monday it has slapped Jefferies&Company with a $5.5-million fine for providing “improper gifts and entertainment″ to Fidelity stock traders.
Oppenheimer Enhances Retirement Income Manager
OppenheimerFunds, Inc. has announced enhancements to Retirement Income Manager, its free software tool which allows advisers to assess a client’s probability of meeting income needs during retirement based...
New Families of Indices Launched for Institutional Investors
IndexIQ has launched a series of new families of indices for institutional and high net worth investors.
First Charter Lets Go of Recordkeeping Unit
First Charter Corporation announced on Monday it has sold Southeastern Employee Benefits Services (SEBS), part of the Wealth Management division of First Charter Bank which provides recordkeeping and...
Wilmington Trust Adds Fundamentally Weighted Funds to Lineup
Wilmington Trust has announced the addition of two new fundamentally weighted mutual funds to its lineup of domestic equity funds.
More Details Emerge in Fidelity Fraud Probe
In court papers filed last week, the Securities and Exchange Commission (SEC) revealed for the first time details of its two-year probe into possible fraud at Fidelity Investments.
A.G. Edwards Excessive 401(k) Fee Suit Passes First Hurdle
A federal judge has cleared the way for a former employee of A.G. Edwards to continue pressing forward with his Employee Retirement Income Security Act (ERISA) fiduciary breach...
Relationship with Financial Adviser Benefits Women
Approximately half (51%) of women who work with a financial adviser consider themselves “very financially secure″ in their current situation, while only 31% of those without an adviser...
EBSA Asks for a Hand in Developing 401(k), IRA Advice Regs
As federal regulators continue filling in the detailed framework for the Pension Protection Act’s (PPA) provisions, they are now asking for public comment on the PPA’s investment advice...
DoL Says Stock Windfall Belongs to Participants
The Department of Labor (DoL) announced it is suing the Iowa Association of Business and Industry over a stock windfall that the organization retained rather than turn over...
GAO Urges Congress to Consider 401(k) Plan Fee Disclosure
A report from the Government Accountability Office (GAO) urges Congress to amend the Employee Retirement Income Security Act (ERISA) to require more comprehensive disclosure to participants on 401(k)...