News

 Forward Management LLC has formed the Asymmetry global health care team.  

 Natixis Global Asset Management (NGAM) has reached an agreement to acquire McDonnell Investment Management LLC.  

 The Aon Hewitt 401(k) Index pointed to continued participant uncertainty in September as daily transfer volumes remained significantly low compared with historical levels.  

 While more than half of plan sponsors offer target-date funds (TDFs) in defined contribution (DC) plans, only half of them use TDFs as the default.  

Advisers can use social media to build more personal relationships with clients, speakers said during the Securities Industry and Financial Markets Association (SIFMA) social media seminar.

 AllianceBernstein has found that whether plan participants consider themselves “active” or “accidental” investors, they give target-date funds (TDFs) praise.   

 Stephen Davis has been appointed national sales manager of Guardian Retirement Solutions. 

Invesco PowerShares Capital Management LLC announced the anticipated listing of the PowerShares S&P 500 High Dividend Portfolio on October 18 on the NYSE Arca.

ShareBuilder 401k introduced online tools and resources to help plan sponsors and employees better understand their 401(k) fee disclosure statements and determine fee reasonabless.

Mutual of America is expanding its current “Save More for Your Retirement” customer education campaign to shine a spotlight on National Save for Retirement Week.

Monthly Social Security and Supplemental Security Income (SSI) benefits for nearly 62 million Americans will increase 1.7% in 2013, the Social Security Administration announced.

Only 56% of employees eligible to participate in the annual benefits enrollment period are confident about their decision-making, and many keep the same choices.

To meet rising demand for Treasury inflation-protected securities (TIPS), BNP Paribas launched a fund that is being managed by FFTW.

Employee stock ownership plan (ESOP) companies saw an economic upturn in 2011, with continued increased share value, support among company leaders and better productivity.

The education policy statement (EPS) is an important element of retirement plan fiduciary management, according to a Transamerica Retirement Services white paper.