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Even though 68% of workers are saving for retirement, nearly half, 46%, have less than $10,000 saved for retirement, and 50% are not confident they will have enough money to live comfortably in retirement, a survey by the Employee Benefits Research Institute found.

GoodHaven Capital Management has launched the GoodHaven Fund, a no-load value fund with a go-anywhere mandate that includes fixed income and cash.

Destra Capital Management has expanded its lineup of funds that emphasize income and seek to minimize downside risk with the launch of the Preferred and Income Securities Fund, sub-advised by Flaherty and Crumrine, and the Focused Equity Fund, sub-advised by WestEnd Advisors.

Prudential Investments has launched three new fixed income funds: the Prudential Floating Rate Income Fund, the Prudential Absolute Return Bond Fund and the Prudential Emerging Markets Debt Local Currency Fund.

BNY Mellon Asset Servicing has launched the News and Exception Workflow System (NEWS), which provides consolidated information on mutual fund companies for broker-dealers.

UBS will pay up $2.5 million in fines and $8.25 million in restitution for allegedly botched sales of Lehman Brothers principal protection notes.

With advisors and investors focused on tax season, Ed Slott returns to financial planning with some quick answers on Roth IRAs, required minimum distributions, and what all this means before (and after) April 18.

Sixty-five percent of Americans do not know what a hedge fund is, according to a survey by Thesis Fund Management.

A letter from the Securities and Exchange Commission said that deadlines for mid-sized advisors to register with states and private advisors to become registered could be extended into 2012.

Blogs, LinkedIn, Twitter? You’ll need a different writing style to succeed online.