Investment Instruments

Women investors demand more from and are pickier about financial companies and advisors they work with than men, according to a new study.

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 study reported that all populations found retirement planning to be a daunting task. However, Hispanics felt the least prepared, with 54 percent saying they felt not very or not at all prepared.

Workers stashed money away in their 401(k) retirement plans at a faster clip last year but didn't get an immediate reward for their savings strategy.

PENSCO Trust has launched an education initiative to help investors prevent fraud.

TD Ameritrade Institutional has expanded its practice management programs in 2012, targeting independent registered investment advisors.