Practice

David Wray, president of the Plan Sponsor Council of America, will retire from his post as president of the PSCA at the end of September.

Since the Reserve Primary Fund broke the buck in September 2008, the nation's money market mutual funds have seen a long, steady erosion of their use by corporations and financial institutions.

As legal eagles-including regulators, cops and attorneys-continue to swoop down for the kill in the wake of the LIBOR debacle, asset managers still struggle to gauge the scandal's impact on their investments.

An arbitration panel has struck down an investor's $1 million plus claim against Morgan Keegan's troubled bond funds, citing the standard industry warning "Past performance is not guarantee of future results."

OneAmerica has teamed up with Edward Jones to provide 401(k) and 403(b) retirement solutions to employer clients.

Former brokers at Merrill Lynch, Citigroup and Lehman Brothers Holdings Inc. won a reversal of their convictions for tipping day traders to confidential data on their internal "squawk boxes," after an appeals court said prosecutors withheld critical evidence.

There have been more advances in technology for independent advisors in the past decade than there were in the previous 30 years. And the speed of this change is accelerating even faster today, giving advisors more tools to provide even better service to an even larger group of clients.

The Bush-era tax cuts were extended by the House of Representatives, but advisors are not likely to see any clarity on the matter for some time.

The Retirement Income Industry Association has released the first of a series of surveys to find out what it takes to become a top retirement income advisors.

Members of Gen X and Y have less allegiance to their investment providers than previous generations, according to a new report.