News

Allianz Life Insurance Company has launched Allianz 360, a fixed index annuity (FIA) exclusively to Field Marketing Organizations and agents associated with the Allianz Preferred distribution model.

Senators Carl Levin (D-Michigan) and Sherrod Brown (D-Ohio) introduced legislation to end a corporate tax break allowing corporations to deduct stock option expenses on their tax returns in...

The Internal Revenue Service has created a revised Employee Stock Ownership Plan (ESOP) Review Worksheet to be used for plans’ initial review.

Huntington Funds has launched the Huntington Disciplined Equity Fund, which aims to provide steady returns in an unstable market.

An ERISA Strategist report from law firm Constangy, Brooks & Smith LLP says 2010 was the year that illuminated retirement plan problems plaguing 403(b) plan sponsors.

Callan Associates hired four investment consultants for its Alternatives, Fund Sponsor and Defined Contribution (DC) Consulting groups in San Francisco, Chicago, and Atlanta.

BPAS, a national provider of retirement plan services, has added Ryan Fay to its sales team.

Pacific Life Insurance Company has acquired JPMorgan Chase’s U.S. Pension Advisory Group, a business within the investment bank that is to be re-named Pacific Global Advisors (PGA).

Castle Rock Innovations, LLC has contracted with Morningstar, Inc. for data to power its flagship AXIS Retirement Plan Analytic Platform.

Plan leakage can significantly reduce the probability that low-wage-earning participants will successfully be able to replace enough of their income in retirement, even after 31-40 years of plan...

Fidelity Investments has named Derek L. Young as president of the company’s Asset Allocation Division.

While DCIO (Defined Contribution Investment-Only) assets continue to grow at a healthy pace, the industry is entering the early stages of maturity, according to a recently released study...

CBIZ, Inc. has signed an agreement to acquire Multiple Benefit Services, Inc. (MBS).

Benefit Consultants Group (BCG) is rolling out a new Web site, www.bcgbenefits.com. 

Janus Capital Group Inc. has launched the Janus Asia Equity Fund, which will be managed by Singapore-based Janus Portfolio Manager, Hiroshi Yoh.