News
More Employers Reinstating Match in 2010
Research from Fidelity Investments indicated many employers are reinstating employer matching contributions to their 401(k) plans.
Lockton Opens Benefits Consulting Office in Minneapolis
Lockton has announced the opening of a Minneapolis-based employee benefits consulting practice.
Jensen Investment Management Launches Value Fund
Jensen Investment Management, investment adviser to The Jensen Portfolio (JENSX) mutual fund, has launched its second mutual fund, the Jensen Value Fund.
Securian Offers Paperless Participant Statements
Securian Retirement's quarterly retirement plan statements for employees are moving from mailboxes to inboxes.
Managed Accounts Recovering from Market Turmoil
As managed account programs make a comeback after taking a hit during the downturn, Cerulli Associates sees the most growth in mutual fund advisory programs, fueled by 401(k)...
Pace of Plan Change Still Positive, But Slow
Participants were more likely to gain access to advice last year – but the pace of expansion was slow.
High Court Sides with Investors in Fee Case
The U.S. Supreme Court has ordered a federal appellate court to take another look at its ruling that mutual fund managers can only be held liable for charging...
Retirement Picture for Early Boomers not that Bad
A new report indicated that while Early Boomers lost a lot of money ($1 trillion) during the economic downturn, they have already recovered roughly half of these losses,...
Court Dismisses Fiduciary Breach Claims against KV Pharmaceutical
A federal court has dismissed claims by employees of KV Pharmaceutical Co. that the company breached its fiduciary duties by continuing to offer company stock in the its...
The Principal Enhances Services for Advisers
The Principal Financial Group announced an enhanced platform of tools, services, and pricing for financial professionals.
Participant Actions (or Lack Thereof) Helped Mitigate Downturn's Damage
New Vanguard research suggests that retirement plan participants, either as a result of conscious resolve or inertia, mitigated the recent economic downturn's damage to their retirement savings by...
Merrill Advisers Sue for Gender Discrimination
Three female financial advisers have filed a lawsuit charging gender discrimination at Bank of America Merrill Lynch.
ASPPA Asks for Relief for Plans Falling out of ERISA Safe Harbor
The American Society for Pension Professionals and Actuaries (ASPPA) has requested transitional relief for 501(c)(3) organizations offering 403(b) plans that have found themselves inadvertently subject to Title I...
National Financial Adds Tools to Help Manage Client Tasks
National Financial said it has made enhancements to its online service technology resources to help brokers and advisers better initiate and manage service requests.
GenCorp to Restart Match Contributions
GenCorp Inc. is reinstating the employer match feature for the 401(k) plan for non-union employees.
Artisan Funds Launches Global Equity Fund
Artisan Funds has announced the launch of Artisan Global Equity Fund (ARTHX).
SSgA Ties Up with Nuveen on Municipal ETFs
State Street Global Advisors (SSgA), the investment management business of State Street Corporation, has entered into an agreement with Nuveen Investments regarding the management of several municipal bond...
NYLife Retirement Adds to Sales Staff
New York Life Retirement Plan Services has added three new executives to its sales organization.
Morningstar Upgrades Advisor Workstation
Morningstar, Inc., has launched a complete upgrade of Morningstar Advisor Workstation, its research and investment planning software platform used by financial advisers.