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Retirement News

 

Fidelity's new asset allocation head tasked with stemming outflows

BOSTON Fidelity Investments has lured an executive from a rival firm to help stem billions of dollars in outflows from its flagship retirement franchise.

Wells Fargo loses big client after dialing up risk in retirement funds

BOSTON After Wells Fargo & Co decided to ramp up risk in its flagship age-based retirement funds last year, one of its largest customers decided to call it quits, unhappy with the new investment strategy and how the bank handled the transition.

Column: For U.S. retirees, rising interest rates a double-edged sword

CHICAGO U.S. interest rates finally are on the rise after a decade stuck near zero - and that should be good news for retirees who need yield on safe investments like certificates of deposit and money market accounts.

RBS to pay $125 million to settle California mortgage bond claims

Royal Bank of Scotland Group Plc will pay $125 million to resolve claims that it made misrepresentations while selling mortgage-backed securities to two large California pension funds, the state's attorney general has announced.

 
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