Portfolio

The ongoing impact of the financial crisis, coupled with the specter of greater governmental oversight, will color the outlook for the life insurance industry in the year ahead, according to New York-based Ernst & Young’s Global Insurance Center 2010 U.S. Outlook.

Sponsors of 401(k) plans are determined to get their plans back on track in 2010 to avoid future market pitfalls, starting by taking a hard look at investment offerings and fees, Callan Associates found in its 2010 Defined Contribution Trends Survey.

As wealthy customers have started to reevaluate their financial situations, financial advisers at PNC Wealth Management have increased and improved their conversations with wealthy clients in an effort to retain and expand relationships.

Investors will continue to reallocate cash into the markets.

In 2009, mid-cap ETFs had the largest gain.

Societe Generale’s U.S. savings and investment retirement plan has selected Putnam Investments to manage its $220 million defined contribution plan.

The repeal of the tax has set up an interesting social experiment.

FundQuest has selected Managed Portfolio Advisors as the overlay manager for its customizable unified managed account program.

Fidelity Investments’ venture capital unit has broken off from the fund giant to form an independent firm called Volition Capital. It will continue to manage its previous portfolio of 20 U.S. companies. Going forward, it will invest primarily in high-potential, founder-owned technology companies.

Sector shows strength as Treasuries spike