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U.S. households increasingly are making retirement investment decisions on their own, often placing nest-egg balances in different types of accounts at multiple institutions. And a huge chunk of that money has gone into everyday banking products.

Redemption fees successfully protect mutual funds from short-term traders, whose churning can serious hurt fund performance, according to “Redemption Fees: Reward for Punishment,” authored by three researchers at Texas Tech University’s Division of Personal Financial Planning.

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

A Dutch pension fund is the latest in a string of lawsuits against the banking company.

In a move that surprised the industry Wednesday, the Financial Industry Regulatory Authority’s head of enforcement announced to her employees that she would step down.

A new CIO at BNY Mellon, changes to the board of directors at Northern Trust, a new home for E-Trade's Donald Layton, and more.

While competitors struggled in 2009, Jackson National Life Insurance Co. reported its best year for annuity sales through banks.

But the organization remains strongly opposed to doing away with a steady net asset value, which is usually $1.00 per share, and is a fundamental feature of money market funds.

Premiums are down 12%, but with the cost of risk rising, life sellers should take the opportunity to prepare for a brighter future.

More people, 69%, are rolling over their 401(k) savings to a new employer’s plan or an IRA when switching jobs, according to Charles Schwab’s analysis of plans between the fourth quarter of 2008 and the end of 2009.

The recession has crushed the “free agent” mentality that has prevailed among American workers who had freely job-hopped since the 1990s, Towers Watson found in a survey of 22,000 employees in 22 markets around the world.

T. Rowe Price is looking to buy a stake worth $1 billion or more. T. Rowe Price, China asset management, James A.C. Kennedy

Federal Reserve Board Chairman Ben Bernanke offered a vigorous defense of his agency's oversight of holding companies and state banks, rejecting a Senate bill that would strip them of supervisory powers over all but the biggest institutions.

Preemption process would be complex, more burdensome

T. Rowe Price is looking to buy a stake worth $1 billion or more in China Asset Management, according to reports.

More people, 69%, are rolling over their 401(k) savings to a new employer’s plan or an IRA when switching jobs, according to Charles Schwab’s analysis of plans between the fourth quarter of 2008 and the end of 2009.

Sometimes financial adviser clients become intimidated by the process of assessing their life’s goals and aligning them with their investment strategies.

Taking the retirement savings conversation to the dinner table might be just what Boomers need.

But uncertainty still reigns.

After the housing market crash, people are undervaluing the importance of home equity in their retirement savings.