News

Putnam Investments has added three to its adviser-focused defined contribution sales team, and says more hires are to come.

The U.S. exchange-traded funds (ETF) industry grew to more than $1.04 trillion in assets under management in 2011, according to a report from State Street Global Advisors (SSgA).

The volume of 401(k) participant transfer activity was below average for December, according to the Aon Hewitt 401(k) Index.

Alliance Benefit Group Carolinas Inc., a subsidiary of Pentegra Services Inc., is acquiring Brown Edwards & Associates Ltd.’s qualified plan administration business. 

Cutting debt and saving more are top priorities for Americans in 2012.

Men and women are preparing for retirement in very different ways, according to research released by Ameriprise Financial.

Paychex Inc., a provider of 401(k) recordkeeping services, launched Paychex Advisor Select 401(k) for fee-based financial advisers.

The retirement services division of American United Life Insurance Company (AUL), a OneAmerica company, opened a regional sales office in the Seattle area.

Plan Sponsor Consultants LLC, an affiliate of LPL Financial, has hired Alexandar Dancy.  

The recent economic recession impacted many Gen Xers’ financial savings, according to a report.

Industry groups sent a comment letter to the Internal Revenue Service to support the inclusion of 403(b) plans in the prototype program for pre-approved plan documents.

FiPath launched the Save Generation X! Campaign, which challenges 29- to 49-year-olds to take control of their financial future.

Thirty-eight percent of affluent investors responding to Merrill Lynch's Affluent Insights Survey said a less volatile stock market would encourage them to start saving more for retirement.  

Target maturity funds experienced a welcome bounce-back during the fourth quarter, according to the Ibbotson Target Maturity Report.

Total assets in exchange-traded fund (ETF) managed portfolio strategies rose 43% in 2011, according to a report from Morningstar.