News

The IRS has issued model plan language that may be used by public schools either to adopt a written plan to reflect the requirements of § 403(b) or...

MFS Investment Management has launched a new Web portal specifically geared toward meeting the needs of Registered Investment Advisers (RIA).

State Street Corporation has launched the State Street Private Equity Index.

A case before the Supreme Court questions whether fees for investment advice incurred by a trust are deductible under an Internal Revenue Code provision governing costs paid in...

XShares Advisors LLC has partnered with RPG Consultants, a retirement plan provider, to provide plan sponsors, advisers, and third-party administrators (TPAs) the ability to add lower-cost exchange-traded funds...

Half of financial services firms plan to increase professional hiring in 2008.

Automated retirement plan features such as automatic enrollment are driving up 401(k) plan participation rates at U.S. companies, according to Diversified Investment Advisors, Inc.

U.S. Supreme Court justices heard oral arguments Monday in a case that could help define the scope of participant fiduciary breach lawsuits.

A federal judge in New York has ordered Citigroup to increase the payment credits in its cash balance plan to comply with minimum accrual rules.

Topeka, Kansas-based Security Global Investors (SGI) has reached an agreement with Nationwide’s NWD Investment Management to hire the nine-person growth equity investment team from Nationwide Separate Accounts (NSA),...

Small and medium-size businesses can now tap into a new service that can help them identify the best insurance rates and plans.

Those looking for some insights on the Pension Protection Act can now get some straight from the 'horse’s mouth.'

ExpertPlan today announced it is partnering with Hauppauge, New York-based AccountantsWorld to provide full service retirement plan services to accountants and their clients.

RBC Dain Rauscher has added fi360’s Investment Policy Statement (IPS) Generator as a tool for its financial consultants.

Daniel Young has been appointed President and Chief Operating Officer of NFP Securities, Inc. (NFPSI), the broker-dealer of National Financial Partners Corp. (NFP), a national network of independent...

AIG VALIC has named Greg Garvin Executive Vice President of Independent Distribution.

As Baby Boomers retiree, advisers and broker-dealers must decide how they will differentiate themselves and deliver an efficient retirement income program.

Although all advisers plan to increase their use of managed accounts, registered representatives at broker-dealer firms are twice as likely to plan on doing so.

Participants in 401(k) plans moved a combined $295 million into the international and emerging market equity asset classes in October, according to the results of the Hewitt 401(k)...

The Internal Revenue Service has issued Revenue Ruling 2007-71, providing the table of covered compensation for the 2008 year for use in determining contributions to defined benefit plans...