Callan Hires Consultant for Fund Sponsor Group
Callan Associates announced that Dana R. Brown joined the company's Fund Sponsor Consulting group as senior vice president on July 30.
News
Medical Centers’ Employees Sue Over Switch to DC
Employees at Truman Medical Centers (TMC) sued the hospital for changing their retirement plans.
Stepchildren Not ‘Children’ for Purposes of Death Benefit
A federal appellate court has determined a plan administrator was right in bypassing a deceased retirement plan participant’s stepchildren when distributing his account.
18% of Workers Saving More for Retirement
Less than one-fifth (18%) of people increased their retirement savings in 2012, a rise from the 15% that did so in 2011.
Model Portfolio Guidance Should Not Be Ignored
All the controversy regarding the Department of Labor’s (DOL’s) guidance about fee disclosures for brokerage windows may have overshadowed its guidance for model portfolios.
Engaging Gen Y in Retirement Saving
Honest and practical education, social media communications and proper incentives will result in increased retirement plan participation for Generation Y employees.
J.P. Morgan Asset Management Names Client Portfolio Manager
Varcity Kariuki was appointed executive director and client portfolio manager at J.P. Morgan Asset Management in New York.
Employers Say Employee Financial Literacy Is Important
Employers place a high value on employee financial literacy, a survey found.
Evercore Appoints Szekely VP, Financial Adviser
Jordan Szekely was named vice president and financial adviser at Evercore Wealth Management LLC.
401(k) Advisors Expands With Cincinnati Office
Michael E. Morris joined 401(k) Advisors, an independent retirement plan consulting firm, as a managing director for the Mid-Central region.
Risk Loses Appeal for Investors
One in three investors said they are less willing to take on risk, and many regret pre-recession financial decisions, a TD Ameritrade Investor poll found.
Lockton’s Southeast Region Hires Retirement VP
Tom Simonson has been named a vice president of Lockton Financial Advisors/Lockton Investment Advisors in the insurance broker’s Charlotte, North Carolina, office.
Nearly 1 in 5 Has Found a New Client via Social Media
Nearly 80% of advisers have some business presence on social media, but 56% are “tiptoeing into it,” SEI found in a survey.
Employers Want to Improve Benefits Communications
More than half of employers surveyed (55.6%) report that the effectiveness of their benefits communication efforts has improved during the last three years.
Securian Adds QR Codes to Participant Statements
Securian has added a QR (quick response) code to retirement plan participants’ quarterly account statements and envelopes.