IRS Addresses Agreements to Rehire Retirees
The Internal Revenue Service (IRS) issued a private letter ruling concluding that defined benefit (DB) plan participants who stop working for their employer with the explicit expectation of...
News
J.P. Morgan Proposes Strategy for Managing DB Sponsor Risk
The funding position of a defined benefit (DB) pension plan is often linked closely to the performance of the sponsoring company’s business, J.P. Morgan Asset Management noted in...
M&I Launches Planning Tool for 401(k) Participants
M&I Institutional Trust Services (M&I) introduced RightTrack, a suite of education and advice tools for 401(k) plan participants.
JHFN Launches Adviser Training Program
John Hancock Financial Network’s (JHFN) adviser support team launched customized adviser 401(k) sales training.
Matrix Financial Expands Mutual Fund Trading Platform
Matrix Financial Solutions is expanding its core mutual fund trading platform, offering advanced plan proposal and management features for financial advisers.
Retirement Planning a Hot Topic for Employees in 2011
Retirement planning was by far the most popular financial topic among employees in 2011, according to an analysis by Financial Finesse.
State Street Appoints Senior VP
State Street Corporation appointed Dick Taggart to senior vice president and head of Middle Office Outsourcing Operations across North America for the company’s Investment Manager Services business.
S&P 1500 Pension Plans See Increase in Funded Status
The aggregate deficit in pension plans sponsored by S&P 1500 companies was $410 billion on February 29, 2012.
Pension Plan Funded Status Rises in February
The typical U.S. corporate pension plan’s funded status rose 2.1% in February.
Now Is the Time to Push Retirement Savings Message
It is a good time for retirement plan sponsors to take stock of the long-term benefits of retirement programs, and get that message out to participants.
Drinker Biddle Forms Retirement Income Team
Drinker Biddle & Reath, LLP formed a team to aid the industry in navigating the legal and regulatory maze associated with creating sustainable income solutions.
The Principal Acquires Brazilian Asset Manager
The Principal Financial Group Inc. announced a definitive agreement to purchase a 60% indirect ownership of Claritas Administração de Recursos Ltda. / Claritas Investments, Ltd. (Claritas).
Gallagher Benefit Services Rebrands Advisory Practice
Gallagher Benefit Services Inc. rebranded its institutional investment advisory practice as Gallagher Fiduciary Advisors, LLC (GFA).
Securian Launches Client Servicing Calendar
Securian Retirement introduced a Client Servicing Calendar for financial advisers looking for opportunities to prove their value to retirement plan sponsor clients.