News

The SPARK Institute submitted a comment letter to the Internal Revenue Service (IRS) commending it on the proposed 403(b) plans prototype program, and requesting changes that it says...

Six years after health savings accounts (HSAs) were introduced, only 59% of consumers know about them and more than half of those who are aware do not understand...

The MetLife Broker-Dealer Group has launched an electronic business processing system for its broker/dealer operations known as eApp (electronic application) and eApp with electronic signature option.

Baring Asset Management announced the launch of an international small-cap product for institutional investors in the U.S.

Financial Engines launched Financial Engines Retirement Plan, a personalized statement giving individualized advice to participants about investments, savings, and retirement income.

Prudential Retirement released a white paper that said target-date funds should be changed to include guaranteed income features.

Mary Schapiro, Securities and Exchange Commission (SEC) chairman, told the Senate Appropriations Committee’s Subcommittee on Financial Services and General Government today that she has asked the SEC staff...

A Watson Wyatt survey found that workers aged 50 to 64 are much less confident they will have enough to retire than they were two years ago.

Abigail Johnson, daughter of Fidelity Investments Chairman Edward C. Johnson III, was named the new chair of the Fidelity board that oversees its 161 fixed-income and asset-allocated funds.

General Motors Corp. will be removed from the S&P 500 index after the close of trading today, Standard and Poor’s announced.

Angelo Auriemma joined Plan Sponsor Advisors as the director of Investment Advisory Services, the firm announced.

VALIC, a 403(b) plan provider, said it intends to participate in the IRS 403(b) prototype program.

Class-action law firm Keller Rohrback L.L.P on Tuesday announced the settlement of a 2006 challenge to the JPMorgan cash balance plan.

MetLife launched a Web site with tools and informational resources aimed at helping employers and benefits brokers most effectively communicate with employees during benefits enrollment season.

A book from MetLife aims to provide strategies to help brokers and employers control costs and maximize their benefits dollars as they strive to meet the needs of...

Invesco Aim announced the launch of AIM Balanced-Risk Allocation Fund (ABRZX), which uses a proprietary risk management process with the potential to generate consistent returns in any economic...

Pershing said it has added Neuberger Berman, The Hartford Mutual Funds, and T. Rowe Price to FundVest, Pershing's mutual fund platform.

Pershing said it expanded its suite of managed account solutions to provide advisers with access to a diverse list of money managers and a broad spectrum of managed...

Portland, Oregon-based independent investment consulting firm Arnerich Massena&Associates, Inc., brought on David Reichle as director of Arnerich Massena Wealth Management.

More than 300 years before ERISA, Americans enacted the nation’s first pension law.