Independence Investments Advises New SEI-Managed Collective Funds
Ellie Behling
July 3, 2008—SEI offers three new funds to defined contribution and defined benefit retirement plans, sub-advised by Independence Investments LLC.
Vietnamese Firms Make Russell Index Cut
Nevin E. Adams
July 3, 2008—Russell Investments has added companies in Vietnam to the Russell Global Index for the first time.
S&P Changes Include Expansion of Global Equity Index
Rebecca Moore
July 3, 2008—The S&P/Citigroup Global Equity Indices will be combined with the S&P/IFCG and Frontier Index Series to form the S&P Global Equity Indices.
The Hartford Improves Fiduciary Investment Selection Service
Rebecca Moore
July 2, 2008—The Retirement Plans Group of The Hartford Financial Services Group, Inc., is instituting a number of improvements to its co-fiduciary investment selection and monitoring service.
Principal Offers Guides to 403(b) Compliance
Rebecca Moore
July 1, 2008—Guides from the Principal Financial Group will provide 403(b) sponsors with step-by-step actions to take over the next several months.
Money Manager Launches Energy Fund
Fred Schneyer
July 1, 2008—American Trust Investment Advisors launched the no-load American Trust Energy Alternatives Fund.
Turner Introduces Broad Market Equity Fund
Rebecca Moore
July 1, 2008—The Turner Funds introduced the Turner Quantitative Broad Market Equity Fund, a no-load mutual fund that uses its proprietary quantitative model to determine stock selection.
Online Resources Educate About Retirement Scams
Fred Schneyer
July 1, 2008—FINRA and the International Foundation of Employee Benefit Plans provide resources for employers and employees to prevent retirement scams.
IndexIQ Fund Offers Investors Hedge Fund-Style Investing
Rebecca Moore
July 1, 2008—A no-load, open-end mutual fund from IndexIQ is designed to give investors access to hedge fund-like performance.
Dow Jones Launches Index for Persian Gulf Stocks
Nevin E. Adams
July 1, 2008—Investors have a new way to track the performance of stocks in the Gulf Cooperation Council (GCC) member states.
Lord Abbett Launches International Dividend Income Fund
Rebecca Moore
June 30, 2008—Lord, Abbett & Co. LLC introduced the Lord Abbett International Dividend Income Fund (LIDAX).
Baron Income Fund Invests in Growth Companies
Fred Schneyer
June 30, 2008—Baron Funds unveiled its Baron Retirement Income Fund, which invests in growth companies to provide investment growth along with income that outpaces inflation.
Allstate Planning Tool Considers Whole Retirement Picture
Rebecca Moore
June 26, 2008—Allstate introduced a Web-based customer survey tool that goes beyond the numbers to consider individual’s hopes, dreams, fears, and readiness for their retirement years.
Vanguard Announces First Index Global Fund
Fred Schneyer
June 26, 2008—The Vanguard Group launched a fund that seeks to track the investment performance of the FTSE All-World Index, a benchmark of approximately 2,900 stocks in 47 countries.
TIAA-CREF Releases 403(b) Plan Transaction Monitoring Tool
Rebecca Moore
June 26, 2008—TIAA-CREF added another 403(b) offering by introducing a Web-based application for plan sponsors to manage participation transactions.
Great-West Opens Virtual Classroom for Participants
Ellie Behling
June 26, 2008—Great-West Retirement Services now offers a virtual classroom to educate participants in the defined contribution plans it manages.
iSectors Releases Asset Allocation Models for RIAs
Ellie Behling
June 25, 2008—The iSectors ETF-based asset allocation models employ post-modern portfolio theory and behavioral finance.
AIG Retirement Opens 403(b) University
Fred Schneyer
June 25, 2008—AIG Retirement launched 403(b) University, a vendor-neutral resource with up-to-date information and tools for 403(b) plan administration and compliance assistance.
Barclays ETFs Offer Exposure to Alternative Energy and China
Rebecca Moore
June 25, 2008—Barclays Global Investors has unveiled four new iShares ETFs to offer exposure to alternative energy and broad exposure to China.
Sun Life Introduces Retirement Blueprint Program to Advisers
PLANADVISER Staff
June 25, 2008—The U.S. division of Sun Life Financial Inc. today introduced Retirement Blueprint, a program designed to help advisers enhance their income planning skills and engage clients in the retirement income conversation and planning process.
