News

Diversified Investment Advisors, Inc. said it has notified the Internal Revenue Service (IRS) of its intent to sponsor one or more 403(b) prototype plans.

Large corporate and government retirement plan clients of ING U.S. Retirement Services are being offered a new suite of services aimed at helping employees through various workplace transitions.

Clearing and custody providers RBC Correspondent Services and RBC Advisor Services, divisions of RBC Capital Markets Corporation, will implement SunGard’s WealthStation wealth management platform.

Independent registered investment advisers (RIAs) continue to report firm growth and are looking for more revenue through forming strategic alliances and recruitment, according to a survey by TD...

Most millionaires stuck with their advisers through the market crisis, but one in 10 stopped working with their adviser, according to an annual study by Fidelity.

Benefit Consultants Group (BCG) said its new 401(k) X-Ray provides financial advisers with a free comprehensive analysis of a client's retirement plan.

Towers, Perrin, Forster&Crosby, Inc. and Watson Wyatt Worldwide, Inc. have combined to form a new entity, Towers Watson.

Last week the Congress was voting on an issue on which I have a strong opinion.

Corporate Compensation Plans Inc. (CCP) introduced an insurance program for nonqualified deferred compensation plan benefits.

Northern Trust faces yet another suit over its securities lending program as fiduciaries of Lockheed Martin Corp.'s defined contribution plans filed a lawsuit June 23 in the U.S....

A female broker accused Bank of America (BofA) of gender bias by offering female former Merrill Lynch brokers lower retention payments than their male counterparts.

DailyAccess Corporation, a Mobile, Alabama-based plan provider, has acquired the pension and group benefits business of FBD Consulting, Inc.

Faced with pressure to take another look at its February 2009 decision in a widely watched 401(k) excessive fee case, a federal appellate court has turned down the...

Almost one-quarter of Americans (22%) say they have no personal savings and three in 10 (30%) have no retirement savings, according to a recent Harris Poll.

At a time when employers changing their 401(k) match typically focus on their existing workforce, one Nebraska employer has trimmed its match for new hires only.

Three former financial representatives of Northwestern Mutual Life Insurance Co. have filed a $200 million lawsuit against the company for failing to pay them overtime wages under California...

Cumberland County, North Carolina, government workers will not get employer contributions to their 401(k) retirement accounts starting July 1.

Scottrade Advisor Services said it introduced its Advisor Services Web platform with upgraded trading and account management resources.

Retirement plan fiduciaries may have another acronym to worry about—FBAR—which is another name for the Report of Foreign Bank and Financial Accounts.

The U.S. Department of Labor has obtained a judgment in federal district court that will lead to the distribution of $164,251 in 401(k) plan assets to 14 participants.