Passive management for target date funds means stronger results for investors, according to a study.
Productivity rose 1.8% over the final quarter of 2007, a significant drop from the 6% increase achieved in the third quarter.
Fidelity's gift fund reached a record level of $1.17 billion in grants to charity in 2007 — an increase of 24% over 2006.
Most participants did not believe that the process was fair to all parties and were not satisfied with the outcome.
The hedge fund, its adviser, founder and two employees will pay a combined $40 million for an illegal late-trading scheme.
The Securities Industry and Financial Markets Association has endorsed President George W. Bush 2009 budget proposal.
Sun Life Financial's U.S. division announced the creation of a new group and a change in leadership.
One money manager and two exchange operators posted profits in the fourth quarter, while an insurer's earnings headed south.
The non-manufacturing sector saw its biggest one-month drop since they started keeping record in June 1998.
Iowa will be the first state to join an initiative to provide customers with plain-English disclosures on fixed and indexed annuities.
