Daiwa Asset Management and global index provider FTSE Group have announced the launch of the FTSE Shariah Japan 100 Index from which Daiwa will create an exchange-traded fund (ETF) for listing on the Singapore Exchange.
Last week, no fewer than a dozen industry trade organizations put their collective heads together and tried to help the Department of Labor—which has been working on a project regarding fee disclosure, and has asked for input—put together some workable principles on retirement plan fee disclosure.
SunTrust Banks has introduced GamePlan, a free service to help individuals understand their needs in retirement and overcome procrastination about retirement planning.
Saying that plan sponsors looking to use Qualified Default Investment Alternatives (QDIAs) will turn to investment advisers for help, DALBAR and the Foundation for Fiduciary Studies are banding together to create a workshop focused on educating advisers about the investments.
The combined assets of the nation's exchange-traded funds (ETFs) rose in June by $366 million, or 0.1%, to $485.88 billion, according to data from the Investment Company Institute (ICI).
U.S. Representative George Miller (D-California) has introduced legislation that would increase the disclosures about 401(k) fees that are required to be provided to participants.
Seeking class action status on behalf of all plan sponsors, plan administrators and trustees of defined contribution plans in which Fidelity now serves or has served as a trustee, a plan sponsor has sued Fidelity Management Trust Company, alleging the provider got
Cogent Research LLC, an evidence-based consultancy, has named financial services veteran Bruce Harrington, previously at MFS Investment Management, as managing director of its wealth management practice.
NorthStar Systems International has launched NorthStar 5.0, an updated version of its adviser desktop program.
Vanguard has announced the Vanguard Europe Pacific ETF begins trading Thursday on the American Stock Exchange.
Assets of the nation's retirement savings plans reached a record $16.4 trillion in 2006, and account for nearly 40% of household financial assets.
Fidelity Investments’ latest study of its defined contribution clients showed that corporate DC employees overall are on track to have an income replacement of just 17%.
Fidelity Investments has released a diagnostic tool that allows employers to measure the effectiveness of their plansâ€™ usage of automatic features in providing retirement income to employees.
Twelve associations that represent employers who sponsor 401(k) plans submitted recommendations to the Department of Labor (DoL) on Tuesday on how to improve fee disclosure to participants.
A day after the Internal Revenue Service (IRS) released the final version of its 403(b) rules, the Department of Labor (DoL) said Tuesday that the plans can be set up so they are exempt from the Employee Retirement Income Security Act (ERISA).
Experts say that the finalized 403(b) rules, released on Monday by the Internal Revenue Service (IRS), represent a potential opportunity for plan advisers.
If you’re having trouble getting folks on the phone, or finding them in the office – odds are they are taking a summer vacation.
Genworth Financial, Inc. has named Chris Grady President of its Retirement Income business.
OneAmerica Financial Partners, Inc. purchased a block of 403(b) business from Transamerica Life Insurance Company, increasing the number of plan participants with the Indiana-based company by more than 40,000.
The Hartford Financial Services Group has agreed to pay $115 million to settle allegations by the states of Connecticut, Illinois and New York that it faked bids and allowed mutual fund market timing.