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The number of people who believe their financial security is worsening is now 45%, down from 49% in April, a survey by Country Financial found.
June 16 -
The Department of Labor and the Securities and Exchange Commission have released the agenda and list of speakers at this Thursdays hearing on target-date funds.
June 16 -
Hedge funds are returning to the practice of leveraging, with some levels as high as 50%, Reuters reports. Nonetheless, risk-taking, even by hedge funds, is not expected to return to pre-crisis levels.
June 16 -
Fidelity Investments is planning to charge advisers for referrals to high-net-worth investors in its discount brokerage program that it makes to them.
June 16 -
After dropping 38.9% in 2008, slightly worse than the S&P 500s 37% decline, the average stock mutual fund is up 9.9% year to date, quite a bit better than the indexs 5.3% return, The Wall Street Journal reports.
June 15 -
Americans are increasingly worried about their preparedness for retirement, The Hartford found in a survey. Thirty-four percent were either extremely or very worried about their ability to save for retirement, and 56% said they feared they would have to cut back on their contributions.
June 15 -
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Although there have been reports of one-third of employers cutting back on or eliminating 401(k) matches, for the most part, they have continued to add other features to the plans to increase participation and investment rates, Charles Schwab found. And that has helped most workers stay the retirement savings course.
June 15 -
NEW YORK -- Investors tend to stay quiet about financial products they don't understand as long as the profits keep coming in, but when the tide goes out and profits fall, they want answers.
June 15