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Fidelity Investments names new chief of fixed-income division
trueNancy D. Prior was named president of Fidelity Investments’ fixed-income division and vice chairman of subsidiary Pyramis Global Advisors.
Fidelity Investments names successor to O'Hanley
trueCharles Morrison was named president of Fidelity Investments' asset management unit.
Fidelity: Cashout rates stay high among 401(k) clients
trueCashout rates among participants in 401(k) plans for which Fidelity Investments is record keeper remain persistently high, reaching 35% as of the nine months ended Sept. 30, according to a Fidelity news release Thursday.
Fidelity's AUM grows 15% in 2013
trueFidelity Investments' assets under management rose 15% to a record $1.94 trillion as of Dec. 31, boosted by a 30% rally for the Standard & Poor's 500 index in the year, the company said Wednesday in its annual report to shareholders.
DC plans are slowly increasing their default rates
trueService providers and defined contribution consultants say DC plans are slowly — albeit too slowly — chipping away at the traditional 3% default rate for automatic enrollment.
O'Hanley's departure from Fidelity described as inevitable
trueRonald O'Hanley's pending departure from Fidelity Investments, while seeming to come from nowhere, was inevitable, a number of industry sources said.
O'Hanley to depart from Fidelity
trueRonald O'Hanley, president of asset management and corporate services at Fidelity Investments, announced plans to leave the firm at the end of February.
Fidelity cuts fees on target-date funds
trueFidelity Investments is becoming aggressive in the low-cost battle against index fund giant Vanguard Group.
Kohler sinks 401(k) assets into 2 new options
trueKohler Co., Kohler, Wis., is adding the Fidelity Small Cap Discovery Fund and the Oakmark International Collective Fund as investment options in its 401(k) plan.
Fidelity late but not too late with new ETFs
trueFidelity is making its first big leap into the exchange-traded fund space on Thursday with the launch of 10 sector ETFs, but the question remains: Is it too little, too late?
Shutdown foils asset owners and managers
trueThe political paralysis in Washington that shut down the federal government Oct. 1 and is bringing the U.S. within days of breaching its debt ceiling is taking a toll on institutional investors, from spiking short-term borrowing costs and market uncertainty to general frustration.
Fidelity boosts equity allocations in target-date strategies
trueFidelity Investments will boost equity target allocations in most of the portfolios in its Fidelity Freedom target-date fund strategies.
Class grows bigger in Fidelity profit sharing plan lawsuit
trueA new slate of plaintiffs has joined a federal lawsuit against Fidelity Investments that alleges the firm put its own workers into costly proprietary funds in the firm's profit-sharing plan even though cheaper options were available.
Fidelity Worldwide names new manager for Special Situations Fund
trueAlex Wright was named portfolio manager of the Fidelity Special Situations Fund at Fidelity Worldwide Investment.
Fidelity 401(k) client account average balance dips in quarter, up 10.7% in year
trueThe average account balance for participants in 401(k) plans that have Fidelity Investments as their record keeper was $80,600 for the quarter ended June 30.