Federal regulations and legislation that would make it easier for defined-contribution plans to include lifetime-income products are expected to be introduced next year.
Encouraging employers to offer annuities in pension plans will be one of the Labor Department's top regulatory goals in 2010.
The Labor and Treasury departments are discussing jointly submitting a request for comment from members of the retirement income industry to determine if there needs to be regulation of the market.
Some 41% of employees said they want more professional advice to help manager their 401(k) assets, but only 35% of employers currently offer retirement planning sessions
The Supreme Court's unanimous decision in Jones v. Harris may seem to be a setback for mutual fund shareholders who think that the fees charged by many fund companies are too high.
Unannounced exams of advisers — based on tips and complaints — are replacing pre-planned visits, says compliance big at securities regulator
Wells Fargo had accused the firm of poaching brokers from A.G. Edwards, but both sides now say a deal ending the squabble looks likely
The demise of Ivy Asset Management apparently had been anticipated for some months by its employees.
History shows that when the governments grow desperate to finance deficits, they get creative.
The renowned value investor offers his view on the current state of the equity markets
Of those taxpayers who are getting money back, 30% said they intend to pay down debt, 28% say they will save or invest, and 26% anticipate spending their refund on food or utility bills.
Equity markets notched positive returns again last week, as the Dow Jones Industrial Average climbed 0.6% to 10,625, the S&P 500 Index advanced 1.0% to 1,150 and the Nasdaq Composite rose 1.8% to 2,368.
Last week was a strong one for risk assets, and for equities in particular, with the broad US averages entering positive territory for the first time since early January.
Despite some mixed data over the past couple of months, our view is that the global economic recovery remains on track, both in developed and emerging economies.
The bank's first-quarter profit easily beat expectations, as trading gains helped offset consumer loan losses
Skip Massengill takes all your questions on building a successful retirement service practice.
Robert Rubin, a senior adviser to Citigroup Inc. at the time of its deep losses from subprime mortgages, and former CEO Charles Prince said they learned belatedly that Citi had $43 billion in high-risk securities on its books.
Advisers to popular bank retirement vehicles under scrutiny
The bill passed by the Senate last month that extends expiring tax breaks includes a provision affecting individual retirement accounts.
An eager crowd of about 700 bidders showed up at a North Salt Lake warehouse for a most unusual auction
