News

National Planning Holdings Inc. (NPH) named Frank Hayn vice president of retirement plans.

Yorkville ETF Advisors, LLC, an asset management firm and a subsidiary of Yorkville ETF Holdings, LLC, launched Yorkville High Income master limited partnerships (MLPs) ETF.

Competition for asset managers is fierce in the registered investment adviser (RIA) channel. 

Bank of America introduced a 401(k) solution from Merrill Edge designed for small businesses.

Wilshire Associates Incorporated appointed John C. Hindman president of the firm. 

Standard Retirement Services, Inc. launched two enhanced retirement plan websites. 

Assets in target-date funds (TDFs) grew to $380 billion by year-end 2011 and are targeted to reach $1.1 trillion in 2016.  

J.P. Morgan Chase paid $384 million to American Century Investment Management after losing an arbitration over accusations of breaches related to the bank’s purchase of American Century.

Beginning in April, a select group of Merrill Lynch financial advisers will offer defined contribution (DC) investment consulting services to manage fiduciary risk.

A federal court decided that a waiver of benefits can be enforced through a direct suit against a named beneficiary after benefits have been paid.

A $10 million settlement of a stock drop suit against Bear Stearns has been filed in federal court.

U.S. Department of Labor (DoL) Secretary Hilda L. Solis told lawmakers this week that the agency is not rushing on its re-proposal of a new definition of fiduciary.

Great-West Retirement Services appointed Harriet Jacobs regional sales director for its Government Markets business. 

Sentinel Investments has changed the portfolio management teams for four mutual funds.

Commonwealth Financial Network selected Fiduciary Benchmarks to address ERISA’s 408(b)2 fee disclosure regulations.