News

 The Securities and Exchange Commission (SEC) hired Paula Drake as an associate director in its Office of Compliance Inspections and Examinations (OCIE).   

 The defined contribution (DC) retirement plan industry has a “self-esteem problem” that must be addressed, one industry expert contends.     

The Hartford released a tool that permits savers to set savings and income goals, track their progress and integrate other financial sources.

AlphaSimplex Group, J.P. Morgan Asset Management and Morningstar Investment Services were added to LPL Financial LLC’s Model Wealth Portfolios (MWP).

With an e-mail here and a phone call there, employees have upped their work hours outside the office to as many as 30 hours a month. 

Some women say if their relationship with a spouse or partner terminated, they would also end their relationship with a financial adviser. 

An official from the Department of Labor (DOL) said further guidance may be issued regarding the treatment of brokerage windows in participant fee disclosures.

The SEC is better suited to oversee independent advisers, the National Association of Personal Financial Advisors argues.

 Mutual of Omaha Retirement Plans Division named two regional sales managers in key markets.   

The Commodity Futures Trading Commission (CFTC) voted to finalize definitions and exemptions as part of the new regulatory regime for over-the-counter (OTC) derivatives.

Exchange-traded fund (ETF) assets increased $43.2 billion, or 3.8%, in June, according to State Street Global Advisors’ (SSgA) ETF Snapshot report.

Retirement plan sponsors say automatic features are increasing employees’ retirement readiness, according to a study from Lincoln Financial Group and Retirement Made Simpler.

Employees who have one-on-one sessions with retirement professionals more likely participate in retirement plans and save more than those who do not.

A support tool and program suite for advisers from Schwab Retirement Business Service combines investment management tools, and fiduciary and plan design training.

Data from the 2010 Survey of Consumer Finances (SCF) suggests retirement savings progress has slowed and even reversed in the wake of the financial crisis.