The Markets January 30, 2007

Putnam Investments Now Available on Pershing’s FundVest

Putnam Investments are now offered through FundVest, Pershing’s no-transaction-fee mutual fund platform.
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Putnam Investments will now be available to Pershing’s introducing broker-dealer customers and their clients and, through Pershing Advisor Solutions LLC, to independent registered investment advisors.

Pershing LLC, a subsidiary of The Bank of New York Company, Inc., offers access to over 1,800 mutual funds, managed by more than 160 fund companies through FundVest, where investors buy, sell and exchange both load and no-load mutual funds without incurring regular transaction fees.

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Products January 30, 2007

Nationwide Launches Newsletter for Plan Administrators

To help plan administrators keep up with the many legislative provisions impacting their clients in 2007, Nationwide has launched a free, periodic newsletter that will offer ongoing education about legislative, regulatory and administrative changes.
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Covering everything from proposed default investment rules to participant statement requirements, Nationwide said each edition of the newsletter will give administrators timely, easy-to-understand explanations of the various provisions and useful tips on implementing necessary changes to ensure plans are in compliance.

The newsletter, titled Legislation Made Real, was developed in partnership with McKay Hochman Co., Inc., a division of Newkirk Products Inc.

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“This new resource is designed to keep administrators up-to-date with the regulatory landscape and arm them with information they need to successfully manage their retirement plans,’ said Karen Eisenbach, vice president of retirement plans marketing for Nationwide Financial, in a press release.

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