News

Starbucks announced to its U.S. employees that it will make the company discretionary match to the Future Roast 401(k) Savings Plan for the 2009 plan year.

Claymore Securities Inc. announced changes to the Claymore/Great Companies Large-Cap Growth Index ETF (NYSE Arca: XGC), including a reduction of the advisory fee.

RPG Consultants and PenChecks Inc. have announced an alliance which enables retirement plan sponsors to distribute assets on behalf of participants who cannot be located.

Kane County (Utah) Hospital employees whose 401(k) retirement plan accounts have been frozen by the Internal Revenue Service (IRS) are threatening to sue the hospital.

A measure allowing federal agencies to rehire retirees without a cut in annuity payments passed the U.S. Senate last week as part of the Defense Authorization bill.

As part of an ongoing investigation, the Financial Industry Regulatory Authority (FINRA) has permanently barred a former registered representative with AXA Advisors, LLC, for conducting a Ponzi scheme.

One of the most common—and consistent—inquiries I receive (via e-mail, anyway) is from readers looking for help in choosing a plan provider. 

As the sale of leveraged exchange-traded funds (ETFs) comes under scrutiny from regulators, Edward Jones & Co. is nixing the sale of the products.

ETF Securities Ltd (ETFS), a provider of exchange-traded products on the London Stock Exchange, has launched its first U.S. product.

MassMutual's Retirement Services Division has announced Daniel Darby joined its field sales team as a managing director.

se2 (service.end2end), a provider of business technology and processing solutions for the financial services and retirement planning sector, has updated its automated 403(b) info-sharing solution.

A provision of the Savings Recovery Act of 2009 (H.R. 2021) would extend the suspension of required minimum distribution (RMD) requirements through 2012.

The Financial Industry Regulatory Authority (FINRA) said it fined five bank broker/dealers a total of $1.65 million for deficient supervision and procedures related to variable annuity (VA), mutual...

Nationwide Financial Services said its new program, RetireSense, will help advisers build personalized retirement income solutions for clients.

CPI Qualified Plan Consultants, Inc., a third-party recordkeeping and administration company, has added the Huntington mutual funds to its retirement plan platform.

Stock and bond funds experienced net inflows of $41.6 billion in June, according to the Financial Research Corporation (FRC).

When asked to rank their clients’ greatest concerns as of the second half of 2009, advisers overwhelmingly (70%) chose “greater chance they’ll outlive their money.”

Genworth Life and Annuity Insurance Company launched a variable annuity designed to help advisers personalize a guaranteed income strategy for clients.

Financial and insurance professionals interested in marketing and selling long-term care insurance have a new online resource from the American Association for Long-Term Care Insurance.

Neuberger Berman Group LLC has agreed to acquire Lehman Brothers Trust Company, N.A., and Lehman Brothers Trust Company of Delaware.