Cerulli forecasts custom target-date fund strategies
A nearly four-fold increase in custom strategies for target-date fund assets held by 401(k) plans is projected by 2016 compared with the 2011 asset level of $46.4 billion.
Tommy Fernandez
Ameriprise didnt charge excessive adviser fees: 8th Circuit
After a long, winding legal road, involving no fewer than six federal court decisions, Ameriprise Financial finally won a suit alleging that it had charged excessively high adviser fees.
Judge orders Fidelity to pay $1.7M for fiduciary lapse
A federal judge has declared that Fidelity Investments and the American unit of ABB, Inc. violated federal laws by making pension holders pay excessive 401(k) plan fees, and has ordered the defendants to pay $36.9 million in damages.