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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.

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.

The U.S. economy, while still vulnerable, has shown encouraging signs of progress over the last few months, according to a report released by TD Economics, an affiliate of TD Bank.

Despite the historic equity market decline of 2008-2009, most 401(k) participants earned positive investment returns in the five-year period ended 2010, according to Vanguard. In fact, the average return was 3.76% a year, not including the impact of continued contributions.

The U.S. economy, while still vulnerable, has shown encouraging signs of progress over the last few months, according to a report released Wednesday by TD Economics, an affiliate of TD Bank.

Despite the historic equity market decline of 2008-2009, most 401(k) participants earned positive investment returns in the five-year period ended 2010, according to Vanguard. In fact, the average return was 3.76% a year, not including the impact of continued contributions.

Equities and commodities are likely to perform better in 2012 than they did in 2011, according to Jack Malvey, chief global market strategist for BNY Mellon Asset Management.

One of the biggest topics on the minds of financial services executives in 2011 has been volatility, with a slew of articles and TV news stories pinning the blame on high-frequency trading, hedge funds and leveraged ETFs.

Americans of all political leanings are showing signs of increased anxiety about having enough money to make ends meet during retirement, a recent survey commissioned by the Americans for Secure Retirement found.

One of the biggest topics on the minds of financial services executives in 2011 has been volatility, with a slew of articles and TV news stories pinning the blame on high-frequency trading, hedge funds and leveraged ETFs.

A new Wells Fargo retirement study focusing on affluent Americans reveals that women are much less confident than men when it comes to their retirement savings.

Here’s one way RIA firms can measure their firms’ success: they can see everything from where their revenue is coming from to total assets under management — benchmarked to other firms — the same way you’d look at dials on a car dashboard.

TIAA-CREF has launched the TIAA-CREF Global Natural Resources Fund, aimed at providing investors with diversification, a hedge against inflation and an opportunity to participate in the growing demand for resources among the world’s seven billion population.

Goldman Sachs' asset management division has agreed to purchase the mutual fund division of Dividend Growth Advisors, in a push to offer more income-generating funds.

For the second straight year, MetLife leads life insurers in annuity considerations through the first three quarters, ended Sept. 30, 2011. Prudential Financial and Jackson National Life Group round out the top three in the rankings released by SNL.

Bonds.com Group said it raised $16.6 million from a group of investors that includes an entrepreneur that created the first hedge fund in Beirut, Lebanon.