ProShares Launches Inverse High Yield Bond ETF
ProShares launched what it says is the first exchange-traded fund (ETF) that provides inverse exposure to the high yield bond market.
News
Kandarian to Become President and CEO of MetLife
The board of directors of MetLife, Inc. announced that Executive Vice President and Chief Investment Officer Steven A. Kandarian will become MetLife’s president and chief executive officer on...
OneAmerica Distributing Premier Trust Solution through Reps
McCready and Keene, a OneAmerica company, announced that its trust solution platform, Premier Trust, is available for distribution via registered representatives.
Court Finds QDIA Switch not an ERISA Breach
A Louisville medical center did not breach its fiduciary responsibility by transferring the plan balances of two employees from a stable value fund to an asset allocation fund.
High Court Lets Monsanto Cash Balance Ruling Stand
The U.S. Supreme Court rejected a request to review a decision by an appellate court that a cash balance pension plan that cut off interest credits of participants...
Brightscope Hones in on 403(b)s
Plan ratings provider BrightScope has widened its focus, and now has incorporated 403(b) plan data into the BrightScope Rating system.
Putnam Develops Income Solution with an "Absolute" Focus
Putnam Investments announced plans to offer a suite of income-oriented funds that aim to help Boomers and retirees develop strategies based on their risk tolerance.
Newport Opens New Office
The Newport Group opened a client service center in Dallas to support its growing deferred compensation and executive benefits business services.
Genders Similar When It Comes to Retirement Savings
The Employee Benefit Research Institute (EBRI) found men and women are equally likely to say they (and/or their spouse) have saved for retirement or are currently saving for...
DC Accounts Grew Despite Recession
Vanguard research shows that defined contribution (DC) savings for most participants continued to grow over three- and five-year periods, even during the turbulent years of 2008–2009.
HighTower Adds Florida-based Adviser Team
HighTower, a national financial services company serving high-net-worth and institutional clients, announced that Masterson, Emma & Associates will be joining the practice.
Schwab to Acquire optionsXpress
The Charles Schwab Corporation has agreed to acquire optionsXpress Holdings, Inc., an online retail brokerage firm.
Transamerica Taps Pride for Sales Post
Transamerica Retirement Services has named Corey Pride as regional vice president for the company’s Southern Region.
DoL Announces “Fiduciary Responsibilities” Webcasts
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will sponsor “Getting It Right – Know Your Fiduciary Responsibilities” Webcasts this week.
AUL Offers Multiple-Employer Plan to Smaller Companies
American United Life Insurance Company (AUL), a OneAmerica company, has introduced a multiple-employer 401(k) option for small- to mid-sized employers.