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Fidelity plans to switch its Advisor 401(k) platform to a system where the advisor receives a flat fee from Fidelity instead of several different fees in the form of 12b-1 fees.

The New York company hired John B. Howard as a senior vice president and chief financial officer.

Despite advisors’ bullish prognostications, January's average production dropped by 11% to $14,930 from a month earlier.

In their recent shift toward retail deposits, one factor that has helped banks is weak competition from money market funds.

Fidelity Creates RIA Client Experience Organization

PHOENIX -- The money market fund industry and the Investment Company Institute are dead-set against a floating net asset value.

This year marks the 30th anniversary of the 401(k), the revolutionary retirement savings vehicle that has been annihilating pension plans, empowering individuals to take part in the stock market-and, sadly, that left retirees with the misfortune of leaving the workforce in 2000 or 2008 very badly off.

PHOENIX -- The mutual fund industry has been wracking its brains to come up with a suitable solution that provides investors with a guaranteed income component in retirement, but has so far failed to achieve this goal.

48% Saving Less for Retirement

Senior managers at Morgan Keegan & Co. argue that their restructuring moves last week are a break with the past — and a sign that the securities unit still has a future with its parent company, Regions Financial Corp.

This year marks the 30th anniversary of the 401(k), the revolutionary retirement savings vehicle that has been annihilating pension plans, empowering individuals to take part in the stock market-and, sadly, that left retirees with the misfortune of leaving the workforce in 2000 or 2008 very badly off.

The Securities and Exchange Commission is promising to take another look at revising or eliminating 12b-1 fees this year, now that the financial crisis seems to be abating.

Market Players Push for Changes

Aon Consulting, the global benefits and human capital consulting business of Aon Corp., announced it has signed a definitive agreement to acquire J.P. Morgan Compensation and Benefit Strategies, a division of J.P. Morgan Retirement Plan Services LLC.

Webber has joined the board of the Vision Center of Childrens Hospital Los Angeles

37 failures in 2010 more than doubles count at this point last year

Acknowledging that regulatory guidance to limit banks' concentration in commercial real estate has failed, Comptroller of the Currency John Dugan said Friday that the banking agencies will issue new, tougher standards.

Senate Banking Committee Chairman Chris Dodd's regulatory reform bill is generally winning praise for provisions giving the government more power to smoothly unwind a large, systemically important firm, but is also raising a host of practical concerns observers say could undermine its effectiveness.

NEW YORK—Following one the worst global financial meltdowns, the economic recovery has exceeded almost anyone’s expectations and will get another jolt when employment numbers begin to improve in the next couple of months, according to Barclays Capital.

More than $2 trillion in public pension fund assets could potentially change management as these funds question the advantage of alternative investment classes and seek more reliable, less correlated choices in the wake of 2008 losses.