COMPLIANCE
Industry Players Mostly Pleased with Final Rule on 408(b)(2) >
Feb 03, 2012 -- Members of
the retirement plan community were mostly positive about the final rule on
408(b)(2) fee disclosure regulations.
DEALS/PEOPLE
Segal Advisors Acquires Rogerscasey >
Feb 03, 2012 -- Segal Advisors acquired the business of
Rogerscasey.
DEALS/PEOPLE
P-Solve Acquires Cassidy Retirement Group >
Feb 03, 2012 -- P-Solve completed the merger of its U.S. subsidiary
with Cassidy Retirement Group (CRG).
PRODUCTS
EPIC Advisors Selects Platform to Provide 408(b)(2) Compliance >
Feb 03, 2012 -- EPIC Advisors Inc. (EPIC) chose Castle Rock
Innovations’ (CRI) AXIS Retirement platform to provide compliance with the
Department of Labor’s 408(b)(2) fee disclosure requirements.
DEALS/PEOPLE
Retirement Plan Advisors Names VP >
Feb 02, 2012 -- Retirement Plan Advisors (RPA) appointed Vernon Kempker as
vice president of finance and operations in its Jefferson City, Missouri
office.
PRODUCTS
Prudential Adds Two Funds to Guaranteed Lifetime Income Component >
Feb 02, 2012 -- Prudential
Retirement is offering J.P. Morgan SmartRetirement Target-Date Strategies and
Fidelity VIP (Variable Insurance Product) Freedom Funds in its lineup of
target-date funds with a guaranteed lifetime income component.
COMPLIANCE
U.S. Treasury Proposal to Reduce Regulatory Burdens for Retirees >
Feb 02, 2012 -- The
U.S. Treasury Department announced a proposal to reduce regulatory burdens and
make it easier for retirees to choose to receive their benefits as a stream of
income in regular payments for as long as they live.
COMPLIANCE
DoL Issues Final Rule on 401(k) Fee Disclosure >
Feb 02, 2012 -- The U.S. Department of Labor’s (DoL) Employee Benefits
Security Administration (EBSA) issued a final rule on
408(b)(2) fee disclosure Thursday.
PRODUCTS
Lincoln Financial Provides Predictions on Retirement Industry >
Feb 02, 2012 -- Fee disclosure regulations, in-plan guarantees, target-date strategies
and retirement planning optimism will significantly impact the retirement plans
industry in 2012, predicts Chuck Cornelio, president of Lincoln’s Retirement
Plan Services.
DIVERSIONS
American Workers Have a Pricey Coffee Habit >
Feb 02, 2012 -- American workers
spend a lot of money on somewhat average daily expenses like coffee and lunch,
according to a Workonomix survey by Accounting Principals.