COMPLIANCE
FINRA Fines Oppenheimer Over Market Timing Allegations >
Feb 21, 2008 -- The Financial Industry Regulatory Authority (FINRA) announced that Oppenheimer&Co. will pay a $250,000 fine for allegations related to market timing in 2003.
PRODUCTS
DoL Unveils Retirement Planning Worksheets >
Feb 21, 2008 -- The Department of Labor (DoL) has unveiled a set of interactive worksheets to help workers with retirement savings decisions.
INVESTING
Dow Jones Introduces Benchmarks for Lifecycle Funds >
Feb 21, 2008 -- Dow Jones Indexes has launched the Real Return Target Date Indexes, a series of indexes designed to serve as benchmarks for lifecycle portfolios.
RESEARCH
Pet Peeves >
Feb 20, 2008 -- Times may be tough, but it looks like Fido and Fluffy have nothing to worry about.
PRODUCTS
Oppenheimer Packages Auto Plan Features >
Feb 20, 2008 -- OppenheimerFunds, Inc. has enhanced its Pinnacle and Record(k)eeper Pro platforms for small and mid-sized companies with a tool to implement automatic plan feature provisions of the Pension Protection Act (PPA).
COMPLIANCE
Supreme Court Allows Individual ERISA Suits in Landmark Ruling >
Feb 20, 2008 -- In a landmark ruling eagerly awaited by the retirement services community, the U.S. Supreme Court on Wednesday declared that defined contribution participants can bring fiduciary breach suits to recover individual damages.
COMPLIANCE
Supreme Court Lets Rollover Exemption Decision Stand >
Feb 20, 2008 -- The U.S. Supreme Court declined to review a case in which an appellate court determined a profit-sharing plan was not subject to spousal consent requirements of the Employee Retirement Income Security Act (ERISA) simply because it was made up of assets from other plans containing qualified joint&survivor annuity requirements.
INVESTING
S&P Releases Indian Equities Shariah Indexes >
Feb 20, 2008 -- Standard&Poor's launched two new investable Shariah indexes for the Indian equities market - the S&P CNX 500 Shariah and S&P CNX Nifty Shariah.
COMPLIANCE
Court Clears CIGNA of Cash Balance Wrongdoing >
Feb 20, 2008 -- A federal judge in Connecticut has joined with most of his colleagues around the country in ruling on a seven-year-old lawsuit that CIGNA Corp’s cash balance plan is not age discriminatory.
INVESTING
Advisers not Generally Loyal to Providers >
Feb 20, 2008 -- Fewer than one third of all financial services firms providing products across five investment categories enjoy positive loyalty ratings among advisers who sell their products, according to a study conducted by Cogent Research.