News

AIG SunAmerica Retirement Markets, Inc. has introduced the AIG SunAmerica Individual 401(k), including an “income for life” option for millions of eligible self-employed business owners.

The Principal Financial Group has come to terms with the state of Connecticut in connection with the sale of certain Single Premium Group Annuity and Single Premium Guaranteed...

AIG VALIC has renamed its distributor, VALIC Financial Advisors, Inc. as AIG Retirement Advisors, Inc.

About twice as many U.S. households own mutual funds through tax-deferred accounts – employer-sponsored retirement plans, IRAs, and variable annuities - as own funds outside such accounts, according...

Financial Engines has introduced a new pricing schedule for organizations choosing to default existing or new participants into managed accounts.

Executive benefit plan providers The Newport Group and The Todd Organization on Wednesday announced a deal under which Newport will acquire Todd’s administrative services unit, Todd Consulting, Inc....

iNautix (USA) LLC, an affiliate of Pershing LLC and a unit of The Bank of New York Mellon Corporation, has launched a comprehensive suite of business consulting services...

Although the final Qualified Default Investment Alternatives (QDIAs) regulations answered many questions posed by commenters after the proposed regulations were issued, more questions are emerging concerning implementation of...

The law firm of Milberg Weiss LLP is investigating possible Employee Retirement Income Security Act (ERISA) violations by fiduciaries to The First American Corporation 401(k) Savings Plan.

Principal Funds has added the Principal Global Real Estate Securities Fund and the Principal International Growth Fund to its lineup.

The Internal Revenue Service (IRS) has put out a reminder that low- and moderate-income workers may be eligible for the saver’s credit for their contributions to an IRA...

Sentinel Investments, the investment management arm of National Life Group, and Citizens Advisers, Inc., the investment adviser to Citizens Funds, have agreed that Sentinel will acquire substantially all...

Japanese investors will get a whole new savings incentive next week, when TOMY Co. Ltd. rolls out a unique piggy bank; the “Savings Bomb.″

The Financial Industry Regulatory Authority (FINRA) has launched a broad-based advertising campaign aimed designed to drive Baby Boomer investors to the financial tools and educational resources available on...

Jim Drury, the founder, Chairman, and CEO of BenefitStreet, has left the firm.

Incorporating a fixed income annuity in a retirement income account yields greater long-term wealth for an investor, and more income security, than a portfolio of equity and bond...

The nation’s regulatory and legislative bodies continue to be a beehive of retirement plan-related activity, which is expected to continue through the 2008 presidential election cycle and into...

Last week, as I was surfing the Web, I stumbled across an article titled “Time for Employers to Cut Cord to 401(k) Plans.″

While the Securities and Exchange Commission (SEC) is actively considering changes to Rule 12b-1, most of the comments on the subject appear to be opposed to change.

Nearly half (47%) of small business owners who do not currently offer a 401(k) said they never intend to offer one, according to a recent survey.