Service providers to 401(k) plans should not be required to be fiduciaries of the plans, the Department of Labor is being told.
Zurich Financial Services announced that it is cutting 400 jobs at its North American business insurance unit.
The RBC CASH Index fell to 29.5 in April, down from 33.1 in March — an all-time low since it made its debut in January 2002.
Invesco PowerShares Capital Management also has launched an actively managed fixed-income ETF.
Baillie Gifford Overseas will be added as an adviser to its $6.9 billion Global Equity Fund and the $980 million Growth Equity Fund.
Headstart Advisers and its chief investment adviser, Najy N. Nasser, reaped $198 million in illicit profits, the SEC alleges.
Fueled by a drastic jump of 9.1% in petroleum import costs, the price of imports increased 2.8%.
The U.S trade gap grew by 5.7% in February to $62.3 billion, trumping economists’ expectations for a slight deficit decline.
Guaranteed Income for Life lets clients to put some of their 401(k) assets into at least one of the firm's lifestyle funds.
Less than 20% of American workers feel confident that they will be able to afford a comfortable retirement .
