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Escalating global inflation is the biggest challenge for businesses struggle to recover from the recession, according to the latest Global Economic Conditions survey of 2,300 accountants by the Association of Chartered Certified Accountants.

Generation X and Y are warming up to investing more than any other age group, according to a survey by MFS Investments. But they remain largely reticent investors.

Citigroup said it launched a single platform that will provide a full range of middle and back office services to buyers and sellers of over-the-counter derivative securities.

Forget retiring to a tony townhouse or a beach property in a warm climate. Clients are more concerned about having enough money for daily necessities, according to financial advisers polled by Sun Life Financial recently.A whopping 92% of advisers who responded to the Sun Life Financial study said their clients change their retirement income plans after retirement mainly to avoid running out of money, or to meet non-discretionary costs. More than one third, 34%, said clients adjust their plans to cover essentials, like unexpected healthcare costs. Just 21% said clients adjust plans to have more money for discretionary spending. Sun Life polled 477 financial advisers in March for the study.

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.

"Nobody's going to get all the data perfect," notes Tom Fortin, chief information officer at BlackRock, now the world's largest asset manager.

A majority of Americans find retirement planning confusing and want additional help, a study by the ING Retirement Research Institute conducted by the Boston Consulting Group found.

Complexity can be invigorating, as you try to tease out what's happening, get a grip on it and explain it.

Kelli K. Hill has joined Sentinel Investments as vice president and co-manager of the Sentinel Capital Growth Fund, Sentinel Growth Leaders Fund and Sentinel Growth Opportunities Fund, working alongside Elizabeth R. Bramwell, senior vice president and lead portfolio manager of the funds.

The nation's stock exchanges and the Financial Industry Regulatory Authority Wednesday filed a proposal with the Securities and Exchange Commission to establish a new "limit up-limit down" mechanism that would limit swings in stock prices, during periods of volatility. Under the proposal, trades in listed stocks would have to be executed within a range tied to recent prices for that security.

You might nickname Ivy Funds' new advertising and branding campaign "The Real Portfolio Managers of Overland Park, Kansas."

Wells Fargo Securities will pay $11 million in penalties for misrepresenting—and overcharging for—two complex debt products tied to housing industry performance. The penalties were related to “misconduct in the sale” of two collateralized debt obligations, when the housing market was beginning to swoon in late 2006 and 2007. The conduct by Wachovia Capital Markets, as the unit then was known, violated securities laws in two ways, the SEC said.

It's not when but if and how.

The stunning decline in property values across most of the country, a prolonged recession and plain-old negligence and shortsightedness on the part of American workers have all combined to make retirement more a fantasy than a reality for tens of millions of Baby Boomers who are will soon turn 65 years of age.

Genworth Financial Wealth Management has filed with the Securities and Exchange Commission to offer six asset allocation funds that will be sub-advised by Franklin Templeton, Loomis Sayles and State Street Global Advisors.

The Hartford found in a recent survey that 37% of Americans age 45 and older with incomes below $50,000 worry more about rising taxes than those with higher incomes, but are less likely to participate in a 401(k) or other retirement plan that could reduce their taxes. By comparison, 28.5% of those earning $50,000 to $100,000 have such worries, and 32% of those earning more than $100,00 are worried about taxes.