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.

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

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

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

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.

The U.S. Department of Labors final rule regarding fee disclosure to plan sponsors could have some unintended consequences.