News

Workers Plan to “Downshift″ Into Retirement

Retirement for many Americans these days is not a matter of suddenly exchanging employment for a quiet life of leisure; instead, a majority of Americans age 40-69 expect employment will be a big part of their early retirement years, and that could lead to a change in approach for financial advisers offering retirement planning services.

JPMorgan Hires Musto and Dial Away From Pru and Merrill

JPMorgan Funds has hired David Musto, formerly of Prudential Retirement, as Managing Director of its Retirement and Defined Contribution Investment Only (DC/IO) business and Glenn Dial, formerly of the Princeton Retirement Group, as a Senior Retirement Sales Specialist.

U.S. Senate Panel OKs Deferred Comp Limit

The U.S. Senate Finance Committee on Wednesday approved by voice vote a measure that could limit the earnings corporate executives can defer into non-qualified deferred compensation (NQDC) plans.

Vanguard Edges into Bond ETF Market

Vanguard is adding exchange-traded funds (ETFs), which will be structured as separate share classes of existing mutual funds, to its four existing bond index funds in an effort to expand its presence in the U.S. bond market.

XTF Adds Two Portfolios to its ETF Offering

Asset manager XTF has added a Sector Rotation Portfolio and a Country Rotation Portfolio to its lineup of exchange-traded fund (ETF) offerings, which will be offered to investors as separately managed accounts.

SaveDaily Upgrades 401(k) Statement Tool

Recordkeeping technology provider SaveDaily.com can now post vesting to 401(k) participant statements and is now offering fulfillment options including electronic and mail distribution.