Study Finds Employer-Worker Disconnect about Advice
Plan sponsors and employees see some retirement concerns differently—including access to financial advice, a new study by MetLife suggested.
News
Mutual Fund Strategies Still Rule in Retirement Income
Advisers continue to stick with the basics, using dividend-paying stocks or mutual funds and systematic withdrawals from mutual funds to fund their clients’ retirement income, according to Cerulli...
The Hartford Expands Target-Date Series
The number of The Hartford Target Retirement Funds available in The Hartford Mutual Funds Family has expanded from three to nine.
Morgan Stanley Gains Access to Ascensus Platform
Morgan Stanley Global Wealth Management Group said its Corporate Retirement Solutions Group broadened its retirement plan platform by teaming up with Ascensus.
Adviser Wins $1M from Wachovia in USERRA Suit
Wachovia Securities will reinstate a former adviser as well as award him back pay and damages for violating the Uniform Services Employment and Reemployment Rights Act (USERRA).
Independent Retirement Plan Advisers Form New Organization
A group of independent retirement plan investment advisers formed the National Association of Independent Retirement Plan Advisors (NAIRPA), a sister organization to the American Society of Pension Professionals&Actuaries...
ADP Introduces Adviser-Oriented Retirement Plan Offering
ADP Employer Services today introduced ADP ACCESS, a retirement program that combines a financial adviser with ADP's 401(k) plan recordkeeping services.
Principal Drops Worker Benefits, Cuts Pay
The Principal Financial Group Principal Financial Group Inc. said Friday it was suspending several employee benefits, including tuition reimbursement, anniversary gifts and employee recognition programs, as part of...
IMHO: Business as Usual
Like many, perhaps most, Americans I have viewed the unraveling “Bonusgate″ scandal with a mixture of disgust and incredulity.
IMHO: Business as Usual
Like many, perhaps most, Americans, I have viewed the unraveling “Bonusgate″ scandal with a mixture of disgust and incredulity.
Xerox Announces Match Suspension
To cope with effects from the economy, Xerox said it is taking steps that will save it as much as $300 million this year, according to MarketWatch.
Investment Advice Rule Implementation Delayed
The U.S. Department of Labor (DoL) has delayed the effective date of its final rules about providing retirement plan participant investment advice.
ERISA Breach Suit Filed Too Late
A suit filed by a plan that suffered investment losses in a Ponzi scheme was filed a month too late.
Consumers Lack Confidence in Financial Institutions
A survey by Nielsen found that only 28% of respondents were confident of the company that manages their investment or retirement accounts.
Average 401(k) Deferrals Increased—Barely
Contributions to 401(k) plans went up nearly 1% since 1988, according to the Employee Benefit Research Institute (EBRI).
Great-West Launches Retiree Web Site
Great-West Retirement Services launched an interactive Web site geared specifically toward participants nearing or in retirement.
Newkirk Provides Communication Material for Auto-Enrolled Plans
Newkirk unveiled enrollment communication called AutoBook, which is designed for qualified automatic contribution arrangement (QACA) and eligible automatic contribution arrangement (EACA) plans.
Vanguard's New Small-Cap Index Fund Covers Developed, Emerging Markets
Shares of Vanguard's new international small-cap index fund , Vanguard FTSE All-World ex-US Small-Cap Index Fund, are now available for purchase.
iSectors Introduces ETF Models
In response to adviser demand, iSectors said it added 16 allocation models to its suite of exchange-traded fund (ETF) models.