News

Chicago-based insurance broker Lockton Companies is expanding the capabilities of its Chicago office to include retirement plan consulting services for corporate and not-for-profit organizations.

Russell Investments has announced plans to launch global style equity indexes on April 1.

Stock and bond funds experienced net outflows of $22.9 billion in January, according to data from the Financial Research Corporation (FRC).

Effective March 1, 2008, The Scarborough Group, Inc. will become two companies – Scarborough Capital Management, Inc. and Retirement Management Systems, Inc. – offering services to 401(k) participants...

State Street Global Advisors (SSgA) announced it is seeking permission from the Securities and Exchange Commission (SEC) to launch a series of actively managed, target-date exchange traded funds...

Larry D. Zimpleman will take on the new role of chief executive officer at the Principal Financial Group, effective May 1, 2008.

A new research paper about target-date funds finds that the most effective designs include extended and alternative assets and remain highly diversified for the entire investment horizon.

Citi and Legg Mason have agreed that Citi Global Wealth Management (GWM) will acquire the overlay and implementation business of Legg Mason Private Portfolio Group (LMPPG).

Charles McCollough Wright, CFA, has joined Wall Street Access’ Private Wealth Management Group as Managing Director.

Three-quarters (77%) of 403(b) plan sponsors say it is very or somewhat important to get outside advice about what actions they must take to comply with new Pension...

Mutual of Omaha is now offering plan sponsors a retirement platform that integrates with existing third party administrators.

US Fiduciary, Inc. (USF) announced that Mark Tidwell and Charlie Rawl have left Stanford Financial and joined US Fiduciary’s platform, under the brand Zenith Wealth Management.

ERISA Expertise LLC, a Blue Bell, Pennsylvania, plan services provider, has introduced the Roth 401(k) Analyzer V3.0.

Great-West Retirement Services has appointed three regional sales directors to focus on development of new corporate 401(k) plan business through brokers, financial advisers, consultants, and third-party administrators (TPAs).

A coalition of Florida’s K-12 education associations announced the development of a 403(b) Model Plan for Florida educators in a February 25 nationwide teleconference.

Mutual of Omaha has entered into a definitive agreement to acquire the assets and personnel of Retirement Marketing Services (RMS), a Dublin, Ohio-based independent wholesaler specializing in marketing...

More than half of Americans save less than 5% of their income, but the majority (57%) of Americans not yet retired still believe they are socking away enough...

PMFM's 401k Toolbox's managed account service now offers a fiduciary warranty when the managed account service is used as the Qualified Default Investment Alternative (QDIA) in a qualified...

More than half (57%) of wealth management clients are not advocates of their advisory firms, and over 40% do not consider their firm a "trusted adviser" to help...

SLM Holdings, Inc., a financial software company, has launched an online network that provides financial professionals access to information concerning high-net-worth individuals, their companies, and their retirement plans.