Putnam New Hire to Drive New Generation of Investment Products
Putnam Investments has hired a recognized academic to help drive development of a new generation of investment products aimed at mitigating investment risk factors.
News
Advisers Play an Important Role in Affluent Employees’ Retirement Planning
The latest Merrill Lynch Affluent Insights Quarterly finds that among those affluent individuals who work with a financial adviser in or outside the workplace, the majority indicate that...
New York Life RPS Hires Director of Marketing
New York Life Retirement Plan Services has appointed Joseph Stabnick as its new director of marketing, effective immediately.
EBSA Announces Fiduciary Seminar in Philadelphia
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) is taking its “Getting It Right – Know Your Fiduciary Responsibilities” seminar to Philadelphia.
Court Dismisses Cash Balance ADEA Charges
An employer’s cash balance plan did not cut older employees’ accrual rate because of age so it did not violate the Age Discrimination in Employment Act (ADEA), a...
GAO Findings Now Available on Mobile Devices
The U.S. Government Accountability Office (GAO) has launched a mobile version of its Web site that will allow users to access GAO reports on their BlackBerrys, iPhones, Droids,...
Adoption of Auto Plan Features Stalled
Very few employers surveyed that do not use auto plan features currently plan to adopt them in the next 12 months, according to a report from AARP.
New Standard Solution Combines Behavioral Finance, Best Practices
Standard Retirement Services has announced the launch of enhanced retirement plan solutions.
SEC Seeks Comment on Adviser Standards of Care
As anticipated, the Securities and Exchange Commission is looking for public comments as it undertakes a new look at adviser standards.
The Hartford Enhances WV 529 College Savings Program
The Hartford announced several changes to the 529 College Savings Program it manages for the State of West Virginia.
Navix Offers a Way “Out” for Business Owners
Business owners looking to move on to a different life stage now have a new option.
ETFChannel Comes Online
BNK Invest, Inc. has launched an exchange traded fund (ETF) research website.
Women More Aware of Need for Financial Help
The 10th anniversary edition of Prudential’s Financial Experience & Behaviors Among Women finds the economic crisis has heightened women’s recognition of the need to develop a financial plan...
HighMark Funds Expands Distribution via UBS
HighMark Capital Management, Inc. has announced the addition of its family of mutual funds to UBS’s financial services, retail brokerage and advisory platforms.
Hartford Names New Head of Retirement Plans
The Hartford Financial Services Group has named Sharon Ritchey executive vice president of retirement plans.
Perspective: How to Encourage Small Businesses to Not Eliminate Their Retirement Plan
Despite the market's volatility, company-sponsored plans remain a valuable tool
SPARK Institute Unveils Data Standards for Retirement Income
As new retirement income solutions continue to come to market, an industry organization has been working on how to track and report on those accounts.
FedEx Ships Back Rest of 401(k) Match
With earnings per share for its fiscal first quarter expected to be up between 81% and 116%, the FedEx Corporation announced Monday it would fully restore its 401(k)...
Bank of America Merrill Lynch Offers ETF-Specific Algorithm
Bank of America Merrill Lynch has unveiled its premium algorithm, ETF-aX.
Van Eck Launches Emerging Markets Local Currency Bond ETF
Asset manager Van Eck Global has launched a U.S.-listed exchange-traded fund (ETF) designed to provide investors with exposure to an index that tracks a basket of bonds issued...