News

MainStay Investments has adopted four equity mutual funds managed by Epoch Investment Partners, Inc.

U.S. equity brokers said the pool of commission dollars they earn on institutional trades of domestic equities could fall this year by 23%, back to 2007 levels.

Fidelity Investments now offers seven Calamos mutual funds on Fidelity Advisor 401(k), Fidelity's financial adviser-sold retirement platform.

Janus Capital Group Inc. said it launched the newly designed janus.com/advisor, targeted specifically for financial intermediaries.

In an effort to grow in the mid-market space, ING's U.S. Retirement Services operations launched a series of educational roundtable discussions for mid-market retirement plan consultants and registered...

Seligman TargetHorizon portfolios, a suite of target-date funds composed of exchange-traded funds (ETFs) and managed by RiverSource Investments, has introduced a risk overlay strategy to help mitigate portfolio...

The U.S. Senate has approved the nomination of Phyllis Borzi as assistant secretary of labor for the Department of Labor’s Employee Benefits Security Administration (EBSA).

U.S. cities climb on the list of most expensive places to live, according to Mercer’s annual Cost of Living survey.

The economic crisis erased just under $10 trillion in professionally managed assets in 2008, with the bulk of the decline seen in the final quarter, according to Cerulli...

Corporate Compensation Plans Inc. (CCP) has launched a Retirement Security program to protect retirement benefits in the 401(k), profit sharing, and defined benefit pension plans of law firm...

The Principal West Coast Equity Fund is now the Principal Capital Appreciation Fund (ticker: CMNWX).

Eugene Oppo has joined Aon Consulting as senior vice president and retirement practice leader of the Northeast region.

BPAS, a Utica, New York-based administrator and consultant, has upgraded its call center and customer service representative (CSR) teams.

A woman accused of stealing from a co-worker’s 401(k) account has been sentenced to a one-year jail term.

Mary Ann Arlt has joined Fiduciary Counselors Inc. as senior vice president, Plan Administration, and Kathy Griswold has joined as director of investments, the company announced.

Wachovia Bank did not violate the Employee Retirement Income Security Act (ERISA) when it sent a form letter to investors notifying them of a fund's merger with another...

P&A Retirement Plan Services is expanding its open-architecture product matrix to focus on the fee-based adviser channel, the company said.

Fringe Benefit Group, provider of group benefit plans designed for hourly and part-time workers, has added the Nationwide Retirement Clear Advantage platform as one of the investment plan...

ALPS launched the Equal Sector Weight ETF (ticker: EQL).

Goldleaf Partners, a national retirement and employee benefits administration and consulting firm, has named Thane Walton as sales director.