FTSE in Partnership for Currency Indexes
FTSE Group and Record plc, a specialist currency investment manager, have hashed out an agreement to create a new range of currency Forward Rate Bias (FRB) indexes.
News
IRS Finalizes List of 403(b) Documents Declared Out-of-Date
The Internal Revenue Service (IRS) has finalized its list of guidance documents issued in the last 45 years dealing with 403(b) plans declared obsolete in light of the...
Analysis Gives Hope for Pre-Retirees' Savings Recovery
A new study found that pre-retirees can recover their lost savings.
Janus Adds Institutional Sales Director
Capital Group Inc. has appointed Jason Stefanelli as vice president and institutional sales director with Janus Capital Group Institutional.
Workers Don't Want Overload of Fee Info
When asked what level of detail they would like to receive in information about retirement plan fees, only 31% of workers surveyed said they prefer a highly detailed...
InvestorForce Product Helps Consultants Share Data with Clients
InvestorForce, a Wayne, Pennsylvania, software provider, announced an update of its InvestorForce Insight service it said will allow consultants to provide institutional clients with daily access to critical...
Hedge Fund Morphs into Long-Short Mutual Fund
Bull Path Capital Management today announced the conversion of one of its long-short hedge funds into a long-short equity mutual fund, the Bull Path Long Short Fund (BPFCX).
Russell Unveils Frontier Market Fund
Russell Investments has launched the Russell Frontier Markets Equity Fund, a multi-manager institutional fund with a specific frontier markets investment mandate.
New Fund Provides Index for Bank Securities
The First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ: QABA) is scheduled to begin trading on July 1.
Zurich Firm Launches U.S. Sustainability Fund
SAM Sustainable Asset Management (SAM), a Zurich-based investment firm, has launched a new mutual fund for U.S. investors, the SAM Sustainable Global Active Fund.
Denver Firm Releases Target-date Fund Oversight System
UAT, a Denver-based technology and consulting company, has unveiled Unified Compliance and Control System (UCCS), a pre-trade compliance and real-time risk management system it says will bolster the...
Transamerica Launches 401(k) Business-Building Workshop for Advisers
Transamerica Retirement Services unveiled an audio tool to help financial advisers build and maintain profitable business in the growing small-plan retirement market.
Employers Want to Offer Advice
A study found that employers strongly support making broader retirement and financial advice more accessible for workers.
IMHO: Design Lines
It’s now been nearly three weeks since our Plan Designs conference in Chicago and, once again, I got so many interesting ideas, so much good information—well, I’m still...
IMHO: Design Lines
It’s now been nearly three weeks since our Plan Designs conference in Chicago and, once again, I got so many interesting ideas, so much good information—well, I’m still...
Villegas to Help Payden Market Solutions to Advisers, TPAs
Payden&Rygel has hired John Villegas for the firm’s Retirement Services Group.
PenChecks Offers Solution for Abandoned Plans
In response to the potential for an increase in the number of abandoned or orphaned plans resulting from the down economy, PenChecks has developed the PenChecks Automated Solution...
Common Law Spouse Wins Right to Plan Distributions
Once two 401(k) plan administrators learned a dead participant’s common-law spouse was legally validating her marital status, the plans should have postponed distribution of the participant’s balance until...
Judge Says Motorola Didn’t Breach Fiduciary Duties
The U.S. District Court for the Northern District of Illinois ruled that Motorola Inc. and fiduciaries of its 401(k) plan did not breach their fiduciary duties under the...
IRS Adds Tools To Help Prepare for Plan Audits
The Internal Revenue Service (IRS) has recently added updated tools to its Employee Plan Team Audit (EPTA) Web site.