Money Management Executive Latest News

New research from Cogent Research suggests that advisers aren’t talking to their clients often enough about retirement income products.

After one 2030 target-date fund lost 41% in 2008, legislators in Washington went up in arms against the fund category. One of the most controversial proposals would have limited equity exposure in such funds, but the industry fought back on the grounds the 40 Act gives asset managers leeway to determine asset allocation on their own.

Hidden, high 401(k) fees that do not decrease commensurately as plan balances rise are individually costing investors hundreds of thousands of dollars over a lifetime of saving, while enriching asset managers with billions.

More retirement think tanks are getting on board with the idea of including annuities in 401(k) plans, but so far, only a handful of large employers have this as an option.

The SPARK Institute has released the “Universal Small Employer Retirement Savings Program” report, in which it explains how universal plans would be less expensive and easier than automatic IRAs.

Vanguard Group plans to spend more on advertising this year as it increases its spending on targeted marketing online.

Fidelity Institutional has formed a new centralized client experience organization to improve service for registered investment advisors, broker/dealers, traders and family offices.

Proposed new hedge fund rules in Europe would limit access to the market for fund managers and custodian banks outside the EU, U.S. Treasury Secretary Timothy Geithner has argued. Nonetheless, the European Commission is pressing ahead with the new rules.

American workers are feeling more confident about being able to retire than they were last year, but their expectation to stay in the workforce longer to make up for a savings shortfall and the fact that 54% of the population has less than $25,000 saved has retirement experts extremely worried.

NEW YORK -- Experts predict equities and equity mutual funds could have a double-digit rally later this year -- if investors respond as they should and flee a future correction in the bond market.