Advisers in the federal retirement marketplace now have a new tool to illustrate retirement savings shortfalls with â€œvivid clarity.â€
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.
An Overland Park, Kansas advisory firm has unveiled a program under which it chooses a 401(k) planâ€™s investment option lineup and assumes fiduciary responsibility for its choices.
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.
2006 proved to be a quiet trading year for 401(k) plans, with just 0.034% of balances shifted per day on a net basis during the year, according to the Hewitt 401(k) index, the lowest level since the inception of the gauge.
The New York Stock Exchange appears to be investigating three advisers, known as the CBS Group, who were involved in market timing five years ago, fining their supervisors at both UBS and Merrill, according to published reports.
A Florida pension plan has sued ING Group in federal court claiming that the financial services firm charged the plan higher fees to cover revenue-sharing payments.
The majority of active international equity investment managers posted their second consecutive calendar year of above index returns despite the MSCI EAFE benchmark index soaring 26.3%, according to a new report.
Schwab Institutional is expanding its offering to help financial advisers leaving traditional financial companies to go it alone.
Barclays Global Investors (BGI) announced Thursday that eight new iShares fixed income exchange-traded funds (ETFs) began trading on the New York Stock Exchange.
Newkirk has added a feature to its SmartSingles retirement plan communication suite that calculates how much plan participants will need to defer to have sufficient income upon retirement.
Although ‘’our overall view is fairly constructive,’’ said Robert Doll, Vice Chairman and Chief Investment Officer of Global Equities at BlackRock, Inc., ‘’we think a soft landing is likely in 2007.’’
“Every investor should dial up their equity exposure [in 2007],″ said Duncan Richardson, Executive Vice President and Chief Equity Investment Officer of Eaton Vance Management, at a press conference Wednesday.
Regulators on Wednesday released guidance on how to properly implement new Pension Protection Act (PPA) rules governing a variety of qualified plan distributions.
The former chief of Putnam Investments, Lawrence Lasser, has agreed to a $75,000 settlement with the Securities and Exchange Commission (SEC), putting an end to allegations that the investment company used mutual fund assets to lure brokerage houses to use Putnam funds, the Associated Press reported.
GuideStone Financial Resources has added five Christian-based, socially-screened target funds to its mutual fund offerings.
Rydex Investments has announced it will expand the availability of twice-a-day pricing for a selection of Rydex mutual funds, to help brokers and their clients manage intra-day risk and take advantage of market liquidity.
Mellon Financial Corporation has introduced its independent, over-the-counter (OTC) derivative valuation service for institutional clients.
CIGNA HealthCare announced it is offering the availability of health savings accounts (HSAs) through JPMorgan Chase to employers with fewer than 50 employees.
The engine of growth for traditional IRAs is being powered by qualified plan rollovers and not new contributions, according to a new data analysis from the Washington, DC-based Employee Benefits Research Institute (EBRI).