NewRiver Accuses Morningstar of Unlawful Use of Prospectus Product
Mutual fund data repository NewRiver, Inc., announced it has filed suit against Morningstar Inc. over use of its prospectus product.
News
73% of DC Sponsors Plan No 2009 Match Changes
While media accounts may be full of reports of employer decisions to suspend their retirement plan company match contributions, 73% of DC plan sponsors in a new survey...
Macy’s Expense Reductions to Include 2009 Match Cuts
Department store retailer Macy’s Inc. joined the growing list of employers slashing their 401(k) match to save money in the difficult economic environment.
Advisers Move Away from Specialization
In order to adjust with the changing landscape as Baby Boomers retire, financial advisers will likely take on a broader role and compete with a wider array of...
Curian Capital Adds ETFs Alternatives Asset Class to Custom Style Portfolios
Curian Capital, LLC, has expanded its Custom Style Portfolios with the addition of an alternatives asset class.
ExpertPlan Partnership Offers Access to Non-traditional Investments
Recordkeeper ExpertPlan has partnered with Riverton, Utah-based American Pension Services, Inc., to support self-directed retirement plans, including IRAs.
State Street Validated by Company Stock Suit Ruling
A federal appellate court has cleared State Street Bank&Trust Co. of wrongdoing for selling W.R. Grace Company stock from the company’s 401(k) plan.
MassMutual Releases White Paper for Retirement Plan Advisers
MassMutual's Retirement Services Division has published a new white paper exploring factors that help make retirement advisers successful and the correlation between adviser success and plan sponsor satisfaction.
PLANSPONSOR Announces 2009 Retirement Plan Adviser of the Year Finalists
PLANSPONSOR has announced the finalists for its annual Retirement Plan Adviser and Adviser Team of the Year awards.
IMHO: Somebody’s Got To Pay
Much has been made in recent weeks over the so-called Ponzi scheme foisted on the investing public by Bernie Madoff.
IMHO: Somebody’s Got To Pay
Much has been made in recent weeks over the so-called Ponzi scheme foisted on the investing public by Bernie Madoff.
SEC Charges Merrill With Misleading Pension Clients
Just over a year after launching an investigation, the Securities and Exchange Commission (SEC) has charged Merrill Lynch and two of its former investment adviser representatives for misleading...
Employer Accounts Pumping Up IRAs
Nearly half of Americans own an individual retirement account (IRA), though the odds are that those accounts were funded by an employer-sponsored retirement account.
Pension Fund Sues UBS
The New Orleans Employees Retirement System has filed a class action lawsuit seeking billions of dollars in damages from UBS.
Stock-Drop Suit Passes First Hurdle
An employee 401(k) stock-drop suit survived its first major challenge when a federal judge in Tennessee turned away an early effort by the employer to have the claim...