Obama Gives Labor Nod to Solis
President-elect Barack Obama is expected to tap U.S. Representative Hilda Solis (D-California) as the next Secretary of Labor, according to widespread media reports Thursday.
News
Only 7% of 401(k) Assets Invested In Lifecycle Funds
At year-end 2007 more than 7% of 401(k) assets were invested in lifecycle funds and one-quarter of 401(k) participants held lifecycle funds, according to an analysis conducted by...
403(b) Plans Have Some Work to Do
403(b) plan sponsors have just gotten some additional breathing room from regulators – and, according to a recent survey, they’ll need it.
EBSA FY 2008 Enforcement Reaps $1.2B, 101 Indictments
The U.S. Department of Labor Employee Benefits Security Administration (EBSA) recognized $1.2 billion in monetary results and helped spark 101 criminal indictments in fiscal year 2008, the agency...
Ascensus Adds Charles Schwab to Retirement Platform
Recordkeeper Ascensus has expanded its services to fee-based advisers by adding Charles Schwab to its retirement platform.
Many HNW Investors Not Seeking Advice about the Financial Crisis
As of mid-October, only about 20% of high net worth investors (HNW) had contacted their current investment adviser for advice about the financial crisis, new research says.
White House Confirms Bush to Sign RMD Relief
President George Bush will sign into law a bill suspending a requirement that seniors take a required minimum distribution (RMD) from retirement accounts in 2009, the White House...
Reports Say Obama to Tap Schapiro to Head SEC
President-elect Barack Obama has reportedly chosen Mary Schapiro, CEO of the Financial Industry Regulatory Authority (FINRA), to chair the Securities and Exchange Commission.
Happy Regifting Day?
If you’re having your office holiday party today, you have a lot of company.
Merrill Program Helps Workers Save for Retirement
The Merrill Lynch Retirement Group has introduced a new communication program, Achieve Life, for workers in employer-sponsored retirement plans.
The Plot to Kill the 401(k)
PLANADVISER and sister publication PLANSPONSOR Editor-in-Chief Nevin Adams was interviewed on Fox Business this past Monday.
Motorola Freezes Pension, Suspends 401(k) Match
Motorola announced Wednesday it is freezing its defined benefit pension plan on March 1 and suspending its 401(k) plan match on January 1.
Citi-Smith Barney Spawns New Advisory Shop
Stanford Financial Group announced the formation of Stanford Institutional Consulting, a new business group within its global network of financial services companies.
Asset Managers Bullish about U.S. Equity Markets
The latest Investment Manager Outlook from Russell Investments finds that half of the managers surveyed believe the U.S. equity markets are going to rise 10% or more in...
401(k) Assets in Stable Value Reach Historical High
By the end of the November, the allocation of 401(k) assets to stable value was at a historical high as 401(k) participants continued to transfer out of equities...
Dollar Says Reinstating Match “Right Thing to Do″
Dollar Thrifty Automotive Group, Inc., announced that it will reinstate the company match contribution to its 401(k) plan for employees in 2009.
Great-West Retirement Appoints Two Regional Sales Directors
Great-West Retirement Services has appointed Jason Fewell and Rob Hamilton as regional sales directors for its 401(k) business.
MassMutual Names Smiley for Retirement Marketing Post
MassMutual announced E. Heather Smiley will be vice president, marketing communications, in its Retirement Services Division.
John Hancock LTC Improves Web Site For Advisers
John Hancock Long-Term Care (LTC) Insurance spruced up its producer website to make it more usable for advisers.
What Advisers Want
Among other things, advisers want customization across adviser business segments from wholesalers, according to asset management consulting firm kasina.