News

Federal regulators heard from the president of Great-West Retirement Services who said efforts to rework the definition of a fiduciary could "set the retirement industry back 25 years."

The American Benefits Council (ABC) spoke at the Department of Labor’s (DoL) hearing today about its proposed redefinition of fiduciary.

MetLife, Inc. and PIMCO have created a retirement income solution that combines investment and insurance products.

The Center for Retirement Research at Boston College found that customized advice for pre-retirees can help them take smarter actions.

Russell Investments announced the 2011 schedule for its annual index reconstitution process, which reflects the past year’s global shift in equity markets.

The TCW Group hired Rohit Sah as portfolio manager for the new TCW International Small Cap Fund.

Seventy-two percent of pre-retirees and 55% of retirees are calculating the effects of inflation on their retirement planning, according to the Society of Actuaries (SOA).

MetLife and Philadelphia-based Firstrust Financial Resources, LLC, announced their partnership today.

An Aviva survey found more than half of Americans expect to work past their expected retirement age; giving the U.S. the highest percentage out of ten countries surveyed. 

The Internal Revenue Service (IRS) issued a notice of guidance regarding employer securities held by certain qualified retirement plans.

Lincoln Financial Network, the retail distribution division of Lincoln Financial Group, has expanded its Office of Practice Management (OPM) services.  

State Street Corporation appointed Tom Forrester as managing director and head of its operations in Kansas City, Missouri.

Participants who have completed The Principal's interactive tool save an average of 39% more for retirement than those who have not used the tool, according to the firm.

Goldman Sachs Asset Management International announced the U.S. launch of the Goldman Sachs N-11 Equity Fund (Class A shares: GSYAX).

The fourth quarter of 2010 witnessed a healthy rebound in asset manager margins, according to kasina.

The Trust Marketing Office (TMO) is aimed to help registered investment advisers (RIAs) attract and retain high net worth clients. 

State Street Corp. has reported that the Securities and Exchange Commission (SEC) is continuing its investigation of the Boston-based company’s stock lending program.

Great-West Retirement Services and John Hancock investment options will be added to American Pension Services' multiple-employer plan solution.

Putnam Investments has created a new leadership structure for its fixed income investment operations.

Healthcare Strategies Inc. is accusing ING Life Insurance and Annuity Company of violating the prohibited transaction rules of the Employee Retirement Income Security Act (ERISA).