PSCA Releases Results of Annual Survey of 401(k) Plans
The Profit Sharing/401k Council of America found that of the 820 companies that participated in the survey, less than half have an automatic enrollment feature.
News
T. Rowe Names Head of New Fixed Income Solutions Group
T. Rowe Price has created a new Fixed Income Solutions Group and hired Peter S. Austin to lead it.
ING Introduces Indexed Universal Life Insurance Products
ING Life Companies introduced two new no-lapse indexed universal life insurance products.
Touchstone to Acquire Mutual Fund Assets from Old Mutual
Touchstone Advisors, Inc. has entered into a definitive agreement with Old Mutual Asset Management (OMAM) to acquire select assets of OMAM’s U.S. mutual fund business.
Focus Financial Gains Advisory Firm; Fifth Deal of 2011
Focus Financial Partners announced that Hufford Financial Advisors, an independent advisory firm specializing in financial services for dental professionals, has joined the partnership.
ProShares Expands Lineup of VIX Futures ETFs
ProShares has launched two exchange-traded funds (ETFs) designed to provide magnified or inverse exposure to VIX futures.
Cash Balance Analysis Added to Plan Comparison Tool
Flex-Soft Inc. has added a cash balance analysis to its retirement plan comparison tool, PSCnet.
FINRA Names Head of Investor Education
The Financial Industry Regulatory Authority (FINRA) selected Gerri Walsh to be President of the FINRA Investor Education Foundation and head of FINRA's Investor Education division.
Mass. 529 Plan to Use Fidelity’s Age-Based Investment Options
Fidelity Investments and the Massachusetts Educational Financing Authority (MEFA) have unveiled a new age-based strategy to families saving for college via Fidelity-managed 529 college savings plans.
Windham to Offer Retirement Income Strategies in Australian Market
Windham Capital Management has established a relationship with Apostle Asset Management of Sydney, Australia.
Tegrit Group Acquires Advisors Pension Services
Tegrit Group, a provider of retirement plan consulting, administration, and technology services for public and private plan sponsors, has acquired Advisors Pension Services (APS) of Columbus, Ohio.
E*Trade to Increase Sales Force and Focus on Retirement
Online broker E*Trade Financial plans to double its sales force over the next few years to 400 from 200 as it seeks to increase its share of client...
Putnam Launches Dynamic Risk Allocation Fund
Putnam Investments has launched the Putnam Dynamic Risk Allocation Fund.
BofA Rebrands Institutional Consulting Group
Bank of America Merrill Lynch is rebranding its Institutional Consulting Group to become Global Institutional Consulting (GIC).
Casey Quirk Predicts Target-Date Retirement Fund Growth
Target-date retirement funds (TDRFs) will represent nearly half of defined contribution assets by 2020, according to Casey, Quick & Associates.