Money Management Executive Latest News

Fifty-five percent of 401(k) participants say they would not be saving for retirement if it were not for their workplace savings plan, Fidelity Investments found in a survey of 1,000 participants and retirees. Additionally, 19% say they have no retirement savings outside of their 401(k) plan.

One year into the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act, regulators need to work to ensure the future competitiveness of the U.S. market as the watershed legislation takes shape, industry officials said Wednesday.

As their companies shift from recovery to growth, chief financial officers are becoming increasingly concerned about the external and internal factors that could threaten their progress.

Lincoln Trust Company has introduced the Personalized Expense Ratio for the 401(k) plans that it administers. The ratio is designed for participants, plan sponsors and advisers to see the actual cost of their plans without having to perform calculations themselves.

IndexIQ, the Rye Brook, N.Y., developer of index-based commodity and liquid alternative investment products, this week unveiled a new exchange-traded fund designed for investors looking for even more exposure to emerging markets.

While investors feel that some cautionary fences have gone up around the industry and some are more confident about working with financial advisers, the Dodd-Frank Act has not delivered substantial changes to the financial advisory industry since President Obama signed it into law almost a year ago.

The incorporation of guaranteed minimum withdrawal benefits (GMWBs) into defined contribution plans may reduce the level of assets required for plan participants to achieve the same level of retirement income, according to Prudential Retirement.

Munder Capital Management has launched the Munder Integrity Mid-Cap Value Fund and the Munder Integrity Small/Mid-Cap Value Fund, both of which are sub-advised by subsidiary Integrity Asset Management, a value specialist that Munder acquired earlier this year.

Barclays Bank has launched the iPath U.S. Treasury 5-Year Bull Exchange Traded Note and the iPath U.S. Treasury 5-Year Bear Exchange Traded Note.

Altegris Advisors has launched the Altegris Macro Strategy Fund, which it is characterizing as the “ultimate go-anywhere fund.”