Retirement

The Retirement Income Industry Association and the Defined Contribution Institutional Investment Association have agreed to jointly manage a new working group of financial services and retirement industry firms to help providers of retirement income products, services and solutions collaborate to include life income options in defined contribution plans.

The South Carolina House has approved a bill Republicans say further strengthens the state's already tough anti-union law.

Goldman Sachs Asset Management announced it will buy Dwight Asset Management, a Vermont-based stable value money manager, from Old Mutual Asset Management.

Kansas shouldn't let fear of change prevent it from overhauling Medicaid, an influential legislator said Tuesday, as Gov. Sam Brownback's administration stuck with plans to let private companies manage the $2.9 billion program starting next year

A growing number of younger 401(k) participants are investing in target-date funds, according to the Employee Benefit Research Institute.

In its latest client survey, Charles Schwab found that just 26 percent of those interviewed feel they are better off financially now than a year ago, down from 44 percent who said they felt better off in the fourth quarter of 2010.