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The 11th quarterly Allstate-National Journal Heartland Monitor Poll found that near-retiree Baby Boomers have pushed back initial plans to retire at age 60, to 66. Additionally, 68% of Baby Boomers expect to work in some form after retirement, the survey of 1,200 Americans found. Only 11% of current retirees currently work.

Michael Duckworth is a private wealth advisor whose team works with 83 families who have someone in their family with a meaningful to severe disability. So, when Bank of America Merrill Lynch announced the launch of a new calculator tool aimed at helping professionals like him with special needs clients, he felt it was tool whose time has come.

On the heels of reports coming out of Washington on the government’s scramble to protect the country’s power grid from cybercriminals, CSC reports the launch of an Insurance Cybersecurity Advisory Council for life insurance and annuity providers and property/casualty insurers.

Joe Russo has been elected chair of the Financial Services Institute’s 2012 Board. Russo, founder of Advantage Financial Group, is the first financial advisor to chair the board.

Barclays Wealth has added five investment representatives in New York, bringing the firm to 50 total new advisors hired in the Americas this year.

The FBI said it had 2,500 active corporate and securities fraud investigations under way at the end of its 2011 fiscal year.

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According to the latest statistics from the Investment Company Institute, an estimated $5.76 billion left domestic equity mutual funds the week ended Dec. 7, continuing a long streak of net investor redemptions. Since May 1, investors have been pulled nearly $135 billion from U.S. stock funds.

Stocks recorded losses for a third day in row Wednesday as commodity and energy stocks fell amid persistent concerns that European banking officials aren’t doing enough to safeguard the region – and the rest of the world – from a more severe economic downturn.

Robert W. Baird & Co. has expanded its wealth management force in Texas with the hiring of two teams from Morgan Stanley Smith Barney and Wells Fargo Advisors overseeing $343 million in client assets.