News

Putnam Investments announced plans to offer a suite of income-oriented funds that aim to help Boomers and retirees develop strategies based on their risk tolerance.  

The Newport Group opened a client service center in Dallas to support its growing deferred compensation and executive benefits business services.

The Employee Benefit Research Institute (EBRI) found men and women are equally likely to say they (and/or their spouse) have saved for retirement or are currently saving for...

Vanguard research shows that defined contribution (DC) savings for most participants continued to grow over three- and five-year periods, even during the turbulent years of 2008–2009.

HighTower, a national financial services company serving high-net-worth and institutional clients, announced that Masterson, Emma & Associates will be joining the practice.

The Charles Schwab Corporation has agreed to acquire optionsXpress Holdings, Inc., an online retail brokerage firm.

Transamerica Retirement Services has named Corey Pride as regional vice president for the company’s Southern Region.

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will sponsor “Getting It Right – Know Your Fiduciary Responsibilities” Webcasts this week.

American United Life Insurance Company (AUL), a OneAmerica company, has introduced a multiple-employer 401(k) option for small- to mid-sized employers.

The U.S. District Court of Nevada used the "Moench" standard when it dismissed a claim that International Game Technology breached its fiduciary duty of prudence.

Benefit Consultants Group (BCG), a Delran, New Jersey-based plan provider, is adding Stadion Money Management to its lineup.

 MFS Investment Management's Investing Sentiment Survey found several disconnects between what advisers think investors feel, and what investors are actually feeling. 

The Hartford Financial Services Group is introducing a service to help advisers identify potential risks associated with retirement plans and educate plan sponsors on how to eliminate those...

A retiree has sued SunTrust Banks, alleging that it favored investment plans operated by SunTrust or its subsidiaries that performed poorly and charged higher fees than plans offered...

Last week brought to light an aspect of 401(k) litigation that doesn’t generally get a lot of coverage—and the participant-plaintiff was presented with a $50,000...

In testimony at a Senate committee hearing, the Government Accountability Office (GAO) said that 401(k) plan participants can receive part of the profits from securities lending, but would...

The Senate Special Committee on Aging held a hearing this week titled, "Securities Lending in Retirement Plans: Why the Banks Win, Even When You Lose."

Stating that previous media reports on its position were unclear, the American Society of Pension Professionals & Actuaries (ASPPA) insists it and its affiliated organizations “strongly support” redefining...

Mary Mitchell returned to Buck Consultants' Pittsburgh office as a principal in its retirement practice. 

A federal judge in Illinois awarded the employer in a stock-drop case $50,000 in costs a year after ruling against the employee who filed the case.