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Retirement as we know it is getting hit with two enormous threats.

RidgeWorth Investments has added two additional sales executives to the six it recently hired for its newly created retail channel sales team led by Bob Kuberski, with Michael Reynolds and Mitchell Izumi joining the firm.

Public fallout from the data breaches that have affected Citigroup and other large enterprises has reached the political push back stage. Sen. Patrick Leahyhas introduced the Personal Data Privacy and Security Act of 2011, which would bring federal criminal charges against enterprises that don't disclose breaches to individuals in a timely manner via mail, telephone or e-mail. Media notices would be required for breaches involving 5,000 or more people. And the FBI and Secret Service would need to be notified if the breach affects 10,000 or more people, compromises databases containing the information of 1,000,000 or more people, or impacts federal databases or law enforcement. In the House, Rep. Mary Bono Mack has introduced a similar bill requiring disclosures to victims within 48 hours of a data breach.

While retirement income is fast becoming the No. 1 concern of retirees and pre-retirees, trumping worries over rates of return and control over money, a mere 9.5% of financial advisers are addressing the issue in depth-missing out on a vital way to form and cement relationships with those entering into retirement, according to Fidelity Investments.

The gross domestic product of the United States increased at an annual rate of 1.8% in the first quarter of 2011, according to the "second" estimate released by the Bureau of Economic Analysis. That is down from an annual growth rate of 3.1% in the fourth quarter.

While mutual fund companies in general are not embracing mobile technologies to the degree that banks, credit cards and self-directed brokerages are, Vanguard and TIAA-CREF stand out in terms of its offering research and trades via mobile devices, according to Corporate Insight.

Nuveen Investments has launched the Nuveen Inflation Protected Municipal Bond Fund, which aims to protect investors against inflation and rising taxes.

Americans are banking heavily on stocks and real estate in the upcoming decade, according to the Franklin Templeton Global Investor Sentiment Survey.

Nearly one-third, 29%, of the three million 401(k) participants that Vanguard serves had their portfolios in a target-date or balanced fund, or a managed account advisory service, according to Vanguard’s 10th annual “How America Saves.”

The Expect Miracles Foundation, formerly Mutual Funds Against Cancer, raised $1 million at its annual East Coast Classic at Pinehills Gold Club and Indian Pond Country Club.

ING’s U.S. retirement division is attempting to pursue the small- and mid-sized defined contribution business through the banking channel and with a convenience payroll strategy.

Pershing, a BNY Mellon company, has added funds from Altegris, Invesco and TIAA-CREF to FundVest, its no-load mutual fund platform for broker-dealer clients that now features 4,300 funds from 230 fund families.

There is a great divide in the economic outlook of the 18% of the population earning $100,000 or more and the 50% earning $50,000 or less, the Consumer Reports Sentiment Index shows.

FINRA, the Securities and Exchange Commission and five state regulators from Alabama, Kentucky, Mississippi, South Carolina and Tennessee announced Thursday that they have settled with Morgan Keegan over improper bond fund sales. As a result, Morgan Keegan will repay $200 million to investors in seven affiliated bond funds, including the Regions Morgan Keegan Select Intermediate Bond Fund.

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J.P. Morgan Securities LLC will pay $153.6 million to settle charges that it misled investors in a complex mortgage securities transaction just as the housing market was starting to plummet, the Securities and Exchange Commission said.

Despite a skittish U.S. economy, most commercial real estate investors remain upbeat and cautiously optimistic about the industry’s future, according to the PwC Real Estate Investor Survey. In fact, the majority continues to invest in all sectors of commercial real estate, as they continue to see signs that the industry’s fundamentals are stabilizing.

Fidelity Investments on Wednesday announced the launch of four Fidelity Defined Maturity Funds, a series of four actively managed municipal income funds. The funds seek to bridge the gap between individual bonds and bond funds and, therefore, fill a gap in municipal bond investing, Fidelity said.

Global long-term fund flows through April reached $270 billion, according to Strategic Insight’s “Global Mutual Fund Review April 2011, New & Top Selling Funds, Leading Managers.”

DTCC Insurance & Retirement Services has launched a new analytic reporting service for insurance carriers and broker-dealers that sell annuities.