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The Financial Services Authority has fined a former executive from Toronto Dominion Bank $1.2 million for intentionally mispricing trading positions in credit derivatives to cover his losses and banned him from working in the financial services industry.

Employers are clearly more optimistic about the economy, for another 40% that had suspended 401(k) contributions will resume them by mid 2011, doubling the 40% that already have resumed suspended or reduced matches, the Profit Sharing/401(k) Council of America announced Friday.

Workers around the world expect to retire at 61, a survey of 31,359 people by AXA Equitable found. In the U.S., people expect to retire at age 63.

The House approved an $858 billion extension of the Bush-era tax rates and unemployment benefits late Thursday night, a day after the Senate approved the bill, sending the bill to President Obama’s desk.

Rollovers into traditional IRAs occur across the working years, not just at retirement, according to the Investment Company Institute.

Research firm is responding to increased interest in fixed income investments.

Rollovers into traditional IRAs occur evenly across all age groups and play a significant role in the growth of IRA assets, according to research by the Investment Company Institute and the Securities Industry and Financial Markets Association, released Thursday.

The Financial Services Authority has fined a former executive from Toronto Dominion Bank $1.2 million for intentionally mispricing trading positions in credit derivatives to cover his losses and banned him from working in the financial services industry.

Tax-exempt money market funds lost a sizable $2.09 billion, dropping total net assets to $326.88 billion for the week ending Dec. 13 and erasing nearly all gains from the previous week, according to the Money Fund Report, a service of iMoneyNet.com.

The House approved an $858 billion extension of the Bush-era tax rates and unemployment benefits late Thursday night, a day after the Senate approved the bill, sending the bill to President Obama’s desk.

Treasury Secretary Tim Geithner supported calls for a national servicing standard on Thursday, adding his voice to other regulators who have promoted the idea.

Citigroup is touting all the bells and whistles of its newest outlet, but CEO Vikram Pandit had it right when he said that "ultimately, what makes for a smart bank is smart bankers."

More Americans plan to consider financial resolutions when the clock strikes midnight on Dec. 31, a new Fidelity Investments survey says. The annual study found that 42% of Americans plan to make financial New Year’s resolutions, up from 35% last year. Results of this year’s telephone survey included 1,006 adults ages 18 and older.

Check out coverage from last year's roundtable

Assets in money market mutual fund assets decreased by $33.2 billion, in the week ended Dec. 15, the Investment Company Institute said Thursday.

According to a survey released Thursday by MFS Investment Management investors want advisor contact and education. In turn, those investors who are more knowledgeable tend to be less fearful about investing – good news all around.

The more education a person has is strongly correlated with how confident they are about their retirement and their ability to save and plan for it, according to the 11th Annual Transamerica Retirement Survey, released on Thursday.

Ever since September 2008, clients are asking for more than you can possibly deliver: to keep track of the macro-economic big picture and help them get out of the market as soon as we start moving into another meltdown period. So the question is: How can we possibly respond to these lofty expectations?

Who exactly is feeling so confident about the markets? Are they the same people who aren’t saving anything and failed a (very easy) financial literacy test?

When Dynasty Financial Partners landed Michael C. Brown as a partner and director of wealth management, the firm was determined to create a wealth management business where elite financial advisors could run their practices.