Mutual fund fees have no effect on shareholder returns, according to research from a professor at George Mason University School of Law. However, another expert begs to differ.
Citigroup’s recent announcement that it will convert most of the brokers in its bank-based network into fee-based advisors has many of them wondering how they will be compensated and what they will be selling.
A new survey finds that 11 percent of employers have suspended their 401(k) matching contributions and that 17 percent are considering doing the same.
The California Workers’ Compensation Appeals Board has clarified previous rulings in closely followed cases that address rebuttal of a schedule for rating permanent disability claims.
A Florida judge has ordered First Commercial Insurance Co. and its subsidiary, First Commercial Transportation & Property Insurance Co., into liquidation, Florida’s Department of Financial Services said.
A federal judge has dismissed a lawsuit alleging American International Group underreported workers’ compensation premiums over several decades in order to underpay residual market assessments.
Meanwhile, hedge fund managers could see declines of 20 to 30 percent in incentive compensation, reflecting the impact on performance fees of funds being below their high-water marks.
The Hartford Financial Services Group will refund or credit $48.2 million to Florida employers for ‘excess profit’ earned on workers’ compensation policies
Temporary job losses as a percentage of total job losses were 8 percent in July. Internal employment in direct hire was down 9.2 percent year over year in July and internal employment in executive search was down 12.9 percent year over year.
It is the first decline in five years, but companies are still willing to pay significant sums for directors with specialized expertise.