AXA Distributors Launches Retirement Savings Campaign
AXA Distributors is launching a new advertising campaign in an effort to help advisers who sell annuities spur interest in retirement savings among their clients.
News
Wisdom Tree Aims to Bring ETFs to 401(k)s
WisdomTree Investments has created a business unit focused on delivering exchange traded funds (ETFs) to the 401(k) marketplace.
JennisonDryden Selects New Leader for DC Mutual Fund Expansion
Prudential Financial, Inc.’s mutual fund family JennisonDryden has named Michael Rosenberg, formerly of Goldman Sachs, as its senior vice president to lead Prudential’s mutual fund expansion in the...
Franklin Templeton Offers Adviser Guidance on Directed Trusts
A new white paper released by Franklin Templeton Bank & Trust provides guidance to advisers about using directed trust services to retain management of assets of affluent baby...
Securian Offers Managed Account Using ETFs
Securian Financial Services has unveiled a managed account product that uses exchange-traded fund (ETF) index investments along with strategic and tactical asset allocations.
XShares Adds Health Care ETFs
XShares Advisors LLC announced that two more of its HealthShares ETFs began trading Tuesday on the New York Stock Exchange (NYSE).
New MassMutual Group Broadens Retirement Income Strategy
MassMutual Financial Group is expanding its presence in the retail retirement accumulation and retirement income market with the creation of MassMutual Retirement Income (MMRI), which integrates the firm’s...
IMHO: Another One Bites the Dust?
When Fidelity announced this last week that it was dropping its pension plan, it drew my attention.
Annuities Need to Be Part of Holistic Retirement Income Plan
Although qualified annuity sales are increasing, most of them are coming from IRAs, not 401(k) distributions.
SEC “Merrill Lynch Rule″ Governing Advice Struck Down
The Securities and Exchange Commission’s (SEC) rule exempting certain broker-dealers who offer investment planning advice from strict disclosure requirements was overturned Friday.
U-5 Notices Get Absolute Privilege
The New York Court of Appeals ruled that the notices employers must provide to the National Association of Securities Dealers (NASD) when they terminate an employee cannot be...
ETF Assets Increase More Than a Third Over Past Year
Over the past 12 months, assets of exchange-traded funds (ETFs) increased $110.99 billion (34.4%), according to the Investment Company Institute (ICI).
Phased Retirement Programs Require Preparation
The Pension Protection Act (PPA) paves the way for more phased retirements, but firms must consider many issues in undertaking such policies, asserts a new Conference Board report.
Consultant Introduces 401(k) Plan Optimization Services
The Advisory Group of San Francisco has launched a suite of services to help employers optimize their 401(k) plan and costs to determine whether fiduciaries and their participants...
Fidelity Investments to End DB Plan
The fund giant will instead offer a richer 401(k) match and an annual credit to a health savings plan.
John Hancock Launches New Plan and Adviser Pricing Structure
The firm has introduced a new retirement plan vehicle that gives advisers pricing flexibility.
Americans Working With Advisers Better Prepared for Retirement
Households that work with financial advisers are saving more and are on track to replace more income in retirement than those that do not.
Estimated $215,000 Needed for Retiree Health Care Costs
The average 65-year-old couple needs an estimated $215,000 to cover health care costs in retirement, $15,000 more than was predicted last year, according to research by Fidelity Investments.
Money Managers Fret About Inflation, Softening Real Estate Market
The latest Russell Investment Group poll of U.S. money managers finds an optimistic outlook tempered by concerns about conditions that could cause a market stumble.