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529 College Savings Plans

New 6% Savings Rate to Funnel $800B to Investments Annually

- The new propensity to save has become permanent—and will greatly benefit mutual fund and annuity companies, Allianz reports.

Affluent Rank Fidelity, Vanguard, American Funds First

- In terms of brand, Fidelity and Vanguard stand out among affluent investors.

Advisers Give Top Marks to American, Vanguard, Hancock, Franklin & Fidelity

- Following the financial crisis, advisers are most tuned in to ethics and trust.

Sun Life Pledges $1 Million to Aid At-Risk Youth

- The new program, which encourages students to attend college, is launching as a six-city pilot.

Putnam's Absolute Return Funds Reach $1B

- Suite of funds reaches critical milestone in first year.

Gloves Come Off in 529 Fee Fight

- Competition gets serious after Fidelity announcement.

Only 33% of Parents Investing in 529 Plans

- The industry needs to do a better job of educating parents about the federal and state tax benefits.

Vanguard's 529 Fee Cuts Reflect Industry Trend

- Wealth management companies are lowering fees on 529 college savings plans to attract and retain assets.

Parents Worried About Being Able to Afford College

- Half think college is not as achievable as it once was, OppenheimerFunds finds.

Futuretrust Creates 529 Checking Account

- Earnings are deposited into a 529 college savings plan.

Oregon Sues OppenheimerFunds Over 529 Losses

- The state is seeking $36.2 million in damages and is the first state to take legal action against the firm.

Five States Examine Oppenheimer 529 Plans

- Losses of 79% and 41% in two funds in Oppenheimer’s 529 has five attorney generals investigating.

Barclays Hires Jobe as iShares 529 Chief

- The executive previously oversaw retail college savings for Morgan Stanley.

States Offer Savings Accounts for 529 Investors

- Families are looking for ways to protect college savings amid the market turmoil.

Parents Favoring Prepaid 529s

- Facing steep losses in their 529 savings and tuition hikes, many parents are opting for prepaid flavors of such plans.

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