News

Having recently had a couple of new members join our 401(k) investment committee, I asked our investment adviser to conduct a briefing.

Prudential introduced the Prudential Protection Account in response to the financial crises and plan sponsors’ demand for products with built-in guarantees.

Mercer signed an agreement to acquire Hammond Associates, an investment consultant for endowments, foundations and private wealth and health care markets.

Balancing the demands of the home office and the needs of a widely-dispersed wholesaling staff can be very challenging for a sales manager, according to a Cerulli Report.

Broadridge Financial Solutions signed an agreement to acquire Matrix Financial Solutions, Inc. for $201 million in cash.

A federal court upheld a lower court ruling that the child of a woman who pleaded guilty to killing the child’s father is liable for federal income tax...

Pershing Advisor Solutions, a BNY Mellon company, will be hosting a series of practice management forums in Atlanta, Seattle, and Boston in the next few weeks.  

FirstFed Financial Corp. employees have filed a stock-drop suit alleging the bank kept company stock in its employee-stock ownership plan (ESOP) after it was no longer prudent to...

When it comes to their financial situation, workers seem to be taking a longer-term view – and one focused on retirement, according to a new report. 

In Revenue Procedure 2010-48, the Internal Revenue Service (IRS) provides guidance to drafters and users of pre-approved IRAs.

Charles Schwab has appointed Neil T. Hickey to be Managing Director, Defined Contribution Investment Only.

Long-term 401(k) participants took a big hit to their accounts in 2008 but otherwise enjoyed an average 31.9%-advance in 2009, according to a new study.

Mesirow Advanced Strategies, Inc. (MAS) has hired Bruce McGuire as a vice president and senior member of its client relationship team.

New York Life Investments announced changes in its organizational structure in order to focus on the expansion of its third party institutional businesses initiatives.

Plan sponsors who are allowing direct Roth rollovers from 401(k) and 403(b) plans don’t have to worry about mandatory withholding for those “distributions.”

Working off the “unified managed household” (UMH) advice model, Envestnet says it has created the industry’s first advisory platform with integrated analysis, guidance, and reporting features.  

Nationwide Financial Services has tapped Eric Stevenson as senior vice president and chief sales officer for its public-sector retirement plans subsidiary, Nationwide Retirement Solutions (NRS).

The Insured Retirement Institute (IRI) and RegEd are introducing the “Industry Wide Solution” for the National Association of Insurance Commissioners (NAIC) annuity suitability requirements. 

MassMutual's Retirement Services Division is introducing a new Web site it says is an "engine for action" for participants striving to plan and save for retirement.

Northern Trust has appointed Peter Cherecwich as head of Global Fund Services (GFS).