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The financial crisis has made a permanent impression on American consumers, who are likely to save 6% or more of their income over the next decade, translating to as much as $800 billion stashed away each year, according to a new study by Allianz Group.
February 15 -
This year's proxy season could be very turbulent for corporate boards of directors, thanks to increased shareholder activism and new rules that increase proxy disclosure.
February 15 - Money Management Executive
The Securities and Exchange Commission's new rules to improve liquidity and disclosure for money market funds spared the $3.2 trillion industry from the cumbersome operational task of marking value of shares to market every day.
February 15 -
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After a New York Times story about the Obama administration promoting the use of fixed annuities to help middle-class savers in defined contribution (DC) plans manage longevity risk, research and advisory firm Aite Group took a look at what this will mean for insurers.
February 12 -
RR Donnelley has added another mobile application to its suite for mutual fund and annuity companies, broker/dealers and financial advisers, the iCOMPLi iPhone app that makes it possible to send a SEC-compliant prospectus, summary prospectus or statement of additional information to an investor.
February 12 - Money Management Executive
Following a month when it slashed online equity trade commissions and its new family of exchange-traded funds hit the ground running, Charles Schwab began to reap the benefits of its new initiatives in January as it attracted a slew of new assets and daily average trades rose.
February 12 -
Old Mutual Global Index Trackers has launched the GlobalShares FTSE Developed Countries ex-U.S. Fund, an exchange-traded fund trading on the New York Stock Exchange.
February 12 -
Charles Schwab has selected State Street Corp. to support its eight new exchange-traded funds with custody, fund accounting, fund administration and transfer agency services. Sin e2005, State Street has provided Schwab with custody, fund accounting, fund administration and securities lending services.
February 12 -
Putnam Investments is betting that actively managed products like its absolute-return funds will resonate more with skittish investors than index funds and exchange-traded products, which might be cheaper but mirror the market's volatility.
February 12