Reconstitution of Russell Global Index Completed
Russell Investments has completed the annual realignment of the Russell Global Index and added 1,190 stocks to the equity benchmark.
News
Morningstar Introduces StockInvestor Core Index
Morningstar, Inc. has created the Morningstar StockInvestor Core Index , a diversified portfolio of stocks from the Tortoise and Hare portfolios featured in the Morningstar StockInvestor newsletter.
The Hartford Names New President of Wealth Management
The Hartford Financial Services Group, Inc. has named David N. Levenson President of Wealth Management, effective July 1.
Invesco PowerShares ETFs Undergo Index and Name Changes
Invesco PowerShares announced that five existing portfolios will undergo index and name changes effective on Wednesday.
Majority of Large Employers Use Automatic Enrollment
A majority of large employers now automatically enroll workers into their 401(k) plans, according to a new survey by Towers Watson.
Participants Prize Retirement Plans – More
More than half of 401(k) retirement savings plan participants report that their plan has become more important to them since the financial crisis of 2008.
Schwab Unveils New Technology Platform
Charles Schwab, has announced additional details on the integrated technology platform the company is developing.
NRP Offers Access to ADP ACCESS
ADP has announced that National Retirement Partners (NRP) has approved the marketing of ADP ACCESS’ 401(k) retirement plan product.
Poll Shows Support for Income Guarantees in 401(k)s
A new survey indicates three-out-of-four (77%) U.S. adults support the concept of modifying the 401(k) retirement plan system to specify that employer contributions be used to provide a...
First Mercantile Announces Addition to Sales Team
Echo Robinson recently joined First Mercantile's sales team as Regional Sales Director for the Pacific region.
Legislation Pending to Permit 401(k) Rollovers to Roths
A new Senate proposal would allow certain employees to roll over amounts from their (401)k retirement plans to a Roth savings account.
Fiduciary Breach Case Filed Too Late
A federal appellate court has ruled that a woman who sued over allegations of a fiduciary breach in connection with her deceased husband’s individual retirement account filed the...
Feature: Down, but Not Out
Populist pressures weigh on nonqualified deferred compensation programs.
High Court Revives Janus Market-Timing Suit
The U.S. Supreme Court on Monday agreed to review a lower court ruling that revived a securities class-action lawsuit against Janus Capital Group Inc, Dow Jones reports.
Financial Services Reform Compromise Reached
Last week, members of the House and Senate conference committee announced that they had reached a compromise on the financial services reform bill.
CUNA Mutual Offers Retirement Plan Investment Committee
CUNA Mutual Group, provider of financial services to credit unions, has introduced the Retirement Plan Services Investment Committee to provide enhanced due diligence support for plan sponsors offering...
BNY Mellon Appoints Leader for Employee Stock Plan Services
BNY Mellon Shareowner Services, the equity administration business of BNY Mellon, has announced the appointment of Julie Vander Veen as business manager and head of relationship management for...
Allianz Creates Behavioral Finance Think Tank
Allianz Global Investors has created the Allianz Global Investors Center for Behavioral Finance and hired behavioral finance expert Shlomo Benartzi of UCLA as chief behavioral economist.
Lanier Law Firm Investigating BP 401(k)
The Lanier Law Firm is investigating possible legal claims related to a 401(k) retirement plan for U.S. employees of BP.