Oppenheimer Pays New Mexico $67.3M in 529 Settlement
The “agreement in principle” settles the state’s investigation into OppenheimerFunds' management of that state’s two 529 plans, the Education Plan and Scholar’s Edge.
Funds Slow to Adjust to New Sales Climate: Study
After cutting field forces, companies need to examine how they manage their wholesaling teams, according to a report from kasina. That means more guidance from managers, better use of technology, new compensation models and more realistic territories.
The Principal Hatches Promo to Lure Small-Plan Assets
Aiming to attract plans in the smaller, TPA-driven marketplace, The Principal announces a new transition expense allowance program.
ICI to Congress: Beware of Reform Bill’s ‘Adverse Consequences’
The House passed a massive bill last week that would make sweeping changes to financial regulation. Its provisions would impact mutual funds, and the industry’s trade group is calling for changes in the Senate version.
YourQ&A: What’s the Top Credential for a DCIO Sales Pro?
Sam Campbell of Fuse Research Network discusses the top credentials for DCIO sales professionals.
Red Flags on Target-Dates' Junk Exposure
High-yield bonds are appearing in near-term target-date funds, but the industry seems split on their appropriateness.
Four More Pimco Funds on Gross's Plate
Bond ace Bill Gross is taking over management of four closed-enders, on top of the four portfolios he picked up this spring.
Retirement, 529s Getting Short Shrift: Poll
New survey data reveal that most Americans are not planning for retirement or saving for their children's college education.
Morningstar Winners Tend to Keep Winning
The fund tracker's Manager of the Year honors have been good predictors of future returns.
Where CEOs See a Need for New Products
[Video 4:07]
John Carter, president and CEO of Transamerica Asset Management, and Keith Hartstein, president and CEO of John Hancock Funds, discuss what products their firms are developing to cope with possible market turmoil in the future. [Transcript]
