KLD, FTSE Unveil ESG Index Suite
KLD Research&Analytics, Inc.â€″a provider of environmental, social, and governance (ESG) research and indexesâ€″and global index provider FTSE have partnered to offer a suite of ESG indexes.
News
Some Too Strained to Save
Many who have stopped contributing to their retirement plans have done so because of the financial crisis.
MFS Wades into DCIO Market
MFS Investment Management (MFS) completed the formation of a business development office for the defined contribution investment only (DCIO) marketplace, the company said.
The Alternative Route
Following the success of alternative investments for institutional investors, advisers are increasingly using alternative investments in the retail market, Cerulli research says.
The Rising Fame of ETFs
It certainly hasn’t happened yet, but Cerulli analysts say exchange-traded funds (ETFs) could rival mutual funds if they become widely adopted in defined contributions plans.
SunGard Adds to WealthStation Financial Planning Features
SunGard announced more enhancements to its WealthStation platform, including a cash flow-based approach to retirement planning, new online self-service client tools, and new financial planning capabilities for Canadian...
BoNY Mellon Launches Global Depository Receipt Indexes
The Bank of New York Mellon launched The Bank of New York Mellon GDR Index and 30 global depositary receipt (GDR) subindexes.
IRS to Waive 2008 Deferred Comp Code Y Reporting
The Internal Revenue Service (IRS) will waive the requirements for Code Y reporting in 2008 of amounts deferred under 409A for nonqualified deferred compensation plans (NQDC).
Invesco PowerShares Announces Lowered Expense Ratios
Invesco PowerShares Capital Management LLC, provider of exchange-traded funds (ETFs), announced that expense ratios for its 11 domestic PowerShares FTSE RAFI ETF portfolios will be lowered to 39...
BoA, Merrill Retention Package Rewards Top Producers
It remains to be seen what the Merrill Lynch retention package will mean for retirement plan advisers.
ING Introduces Plan Administration Service for 403(b)s
ING has unveiled planwithease.com, a plan administration service specifically designed to help sponsors of 403(b) plans meet the added responsibilities they face under new IRS regulations.
IMHO: The Pit and the Pendulum
They say that desperate times call for desperate measures.
401(k) Breach Suit Can Move Forward
In a federal appellate court ruling, an Illinois psychologist got more time to pursue her legal claims for assets missing from her 401(k) account.
Attorneys Ask for Delay of 403(b) Effective Date
In a letter signed by 33 403(b) practitioners and advisers, two attorneys requested an extension of the effective date for complying with the written plan requirement dictated by...
DoL Sues California RIA for Undisclosed Incentive Receipt
Zenith Capital, a registered investment advisory (RIA) firm, allegedly collected incentive fees from a hedge fund in exchange for investing retirement plan assets in the fund.
Plan Sponsors Experience Significant Losses in Third Quarter
Most U.S. institutional investment plan sponsors reported a fourth consecutive quarter of negative results for the period ending September 30, according to data in the Northern Trust Universe.
DoL Puts Fiduciary Training Condition on Plan Officials
In a company stock suit, the U.S. Department of Labor obtained a settlement restoring $8,590,000 to participants of the Agway Inc. 401(k) plan.
RIAs Well-Positioned for Future Mutual Fund Opportunity
Looking ahead, mutual funds could come out the winners of the current financial crisis, according to a new report by Strategic Insight.