Obama Offering Retirement Savings Plan for Workers
President Barack Obama offered more Americans the chance to save for retirement through payroll deductions with a plan for new government-sponsored savings accounts.
Johnson to Pick a Fidelity Veteran to Replace O’Hanley
President Abigail Johnson has told employees that asset management head Ronald O’Hanley will be replaced by an internal successor.
Cut Out Wolves of Wall Street With These Dirt-Cheap ETFs
Using ETFs like the Schwab U.S. Broad Market and others, you get to keep nearly every dollar of your investment.
Fidelity Asset Management Head Ron O’Hanley to Leave
Fidelity plans to replace O’Hanley with an internal successor, whom it didn’t name, according to a note to employees from President Abigail Johnson.
How Can We Keep Social Security Solvent?
The Senate Finance Committee recently held a hearing on needed reforms for Social Security, defined benefits and private retirement accounts.
Top Portfolio Products: Euronext, PowerShares Announce Index-Based Portfolio
Other new products include a muni bond ETF from Market Vectors and a variable annuity offering access to alternative investments from Guardian Life.
Don’t Break Our Thriving 401(k) System, Groups Urge Government
Wharton’s Olivia Mitchell weighs in on a study by three benefits groups calling 401(k)s a success and telling tax reformers to stay away.
New Hire Roundup: FSI Names Valerie Brown, Others to Key Posts
Execs of Cetera, Raymond James, Cambridge and First Allied will take key roles at FSI. Meanwhile, a Vanguard fund manager resigns.
Top Portfolio Products: Fidelity Rolls Out Short-Duration Bond Funds
New products introduced over the last week include a global industrials fund from T. Rowe Price and 14 new Nasdaq OMX indexes.
In Competitive Stroke, Fidelity Launches Low-Cost, No-Commission ETFs
Trading began Thursday on 10 new Fidelity sector ETFs offered at 12 bps, with BlackRock as the funds’ subadvisor. Fidelity move may threaten Schwab and TD Ameritrade's ETF platforms for advisors.