News

 The U.S. retirement income system advanced from 10th last year to 9th in the 2012 Melbourne Mercer Global Pension Index.   

High-net-worth younger investors, or accumulators, could be a key market for advisers, according to a study by the research firm Hearts & Wallets.

Plan sponsors and fiduciaries can learn from federal court findings in Tussey v. ABB Inc., and should avoid overly detailed investment policy statements (IPS), a white paper asserted.

John Negrete has joined Sitzmann Lavis White LLC (SLW Retirement Plan Advisors), a retirement plan advisory firm, as a retirement plan adviser.

Alternatives are increasingly being used across defined contribution (DC) plans as a risk-management strategy.

Jaron Havens has been appointed manager at Baden Retirement Plan Services, an Acensus company.

Hostess Brands Inc. proposed withholding contributions to its company defined benefit (DB) and multiemployer pension plans (MEPPs) for two years, according to a court filing.

Kodak and its Official Committee of Retirees have agreed on a proposal to terminate retiree health care and survivor benefits, or other post-employment benefits (OPEB).

Jim Lowry and Beau Horack, founders of Carolina Retirement Group in Huntersville, North Carolina, have joined Capital Guardian LLC.

ExpertPlan Inc. will provide recordkeeping and administrative services for One Capital Management LLC’s Strategic Retirement Solutions Model Program.

Most households with $100,000 to $500,000 in investable assets for retirement have no formal retirement income plan or are not engaged with a financial adviser.

 Nationwide Financial is integrating its alternative and fee-based annuity solutions into the company’s traditional product offerings.   

Portfolio Evaluations Inc. (PEI) launched a fiduciary protection program, PEI Shield, which aims to help retirement plan fiduciaries with evolving fiduciary regulations and requirements.

Investors added $16.5 billion to long-term open-end funds in September, according to Morningstar Inc.