News

Morningstar has revised its classification structure for global equities based on the market a company serves rather than the type of business it conducts.

The American Society of Pension Professionals & Actuaries (ASPPA) and the Centre for Fiduciary Excellence (CEFEX) have announced changes to their service provider certification program.

Nationwide Financial Services, Inc. announced that Tony Daniel will serve as regional vice president of sales for its private sector retirement plans business in Iowa/Nebraska.

A Towers Watson survey found that a majority of workers (56%) would be willing to pay a higher amount from their paycheck to ensure a guaranteed retirement benefit.

Lincoln Financial has contracted with DST Retirement Solutions, a provider of retirement plan recordkeeping software, to enhance its recordkeeping and administrative services platform for plan sponsors, participants, and...

T. Rowe Price will be rolling out a new value-add series called “Pitch Points” to better serve the defined contribution (DC) adviser market.    

The Investment-Only (IO) team at Franklin Templeton will now be able to better assist advisers who are focused on the retirement plan market.   

The U.S. Supreme Court denied a request by Nestlé Purina Petcare Co. to review an 8th U.S. Circuit Court of Appeals decision that the company cannot deduct from...

A federal judge in Michigan has thrown out a fiduciary breach lawsuit against State Street Bank and Trust filed by General Motors 401(k) participants over company stock-related losses.

Dick Darian has joined the iShares 401(k) team at BlackRock.

A panel at the PLANADVISER National Conference discussed what is happening with regulators and in Congress that will affect retirement plan advisers and their clients.

Brian Davis has been promoted to head of Scottrade Adviser Services, a division of the firm that offers institutional trading and custodial services to independent registered investment advisers...

Russell Investments has launched a new series of benchmarks to reflect the global frontier market.

State Street Corporation has enhanced its wealth manager services capabilities.

An audit report claims the Department of Labor’s Employee Benefits Security Administration (EBSA) could do more to protect retirement plan assets from conflicts of interest.

State Street Corporation announced that Samuel Cole will join the company next month as executive vice president and deputy head of State Street’s e-Exchange business.

Former Mercer outsourcing principals Peter Gosselin, Shawn Charles, and Julie Doran have formed Gosselin Consulting Group LLC, an independent, full-service institutional investment consulting firm.

The 2010 Rydex|SGI “Annual AdvisorBenchmarking Study” showed that the majority of advisers surveyed (71%) advocate using alternative investments for their clients.

Great-West Retirement Services has appointed Tom Masteller as regional sales director for the Pittsburgh marketplace.

Charles Schwab has created a Twitter account specifically designed for independent registered investment advisers (RIAs).