News

Reliance Trust Company, a division of Reliance Financial Corporation, has introduced a new 401(k) plan aimed at plan sponsors with a minimum of $25 million in plan assets.

New York Attorney General Andrew Cuomo continues to blast Merrill Lynch for its bonuses paid before the Bank of America (BoA) acquisition.

National Financial Partners (NFP) saw its stock soar after it announced it might pay off outstanding amounts in its credit facility, Reuters reported.

Trying to work with clients about investment details? Try using red materials. Developing creative strategies with your team? Go with blue.

National Retirement Partners, Inc. (NRP) said nine practices have recently joined NRP.

Two former chairs of the Securities and Exchange Commission will lead an independent panel to recommend ways to improve the regulation of the U.S. financial markets.

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) announced interim guidance pertaining to new requirements that defined benefit plan sponsors must disclose plan funding data to...

Investment management firm Eaton Vance Corp. announced that Niall Michael Quinn has joined the firm as Managing Director of Eaton Vance Management International.

RolloverSystems has introduced WealthConnect, a suite of online retirement readiness education and planning tools for 401(k) plan participants.

MetLife has unveiled its redesigned Web site, including a broker and consultant homepage.

Select Sector SPDRs, a family of exchange-traded funds (ETFs), has lowered the average expense ratio for its nine sector ETFs from 0.23% to 0.21%.

UBS has divided its wealth management units “to adjust to new market conditions and the changing environment,″ the company said.

The details of how the joint venture between Morgan Stanley and Smith Barney will play out are yet to unfold, but retirement plan advisers seem optimistic about the...

Independent broker/dealers (IBDs) say recruiting is important—but the competition for advisers is high.

Job losses have certainly been in the headlines of late -- and on people's minds.

DailyAccess Corporation has added Old Mutual Asset Management's Target Plus Portfolios to its product platform.

Plan sponsors will get a walk-through of the 2009 Form 5500 reports and a new electronic filing Web site from a scheduled February 19 Webinar from the Department...

New York Life Retirement Plan Services, a division of New York Life Investments, has appointed Deanna Garen managing director of participant strategy.

Lake Forest, Illinois-based auto parts manufacturer Tenneco Inc. has suspended its 401(k) match for 2009.

About two-thirds of workers in a new study identified a defined contribution plan as the most important component of their retirement savings.