Retirement Takes Priority over Saving for College
Parents saved less for college in 2008 than in years past, but those who received help might have fared better, according to a survey by the College Savings...
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Affluent Americans Use SRI
Seven in 10 wealthy Americans reported having socially responsible/green investments (SRI), according to a survey by PNC Wealth Management.
Principal Toolkit Aids with Disclosures
The Principal Financial Group has unveiled new tools to help plans comply with new disclosure mandates for the Form 5500 and new requirements for retirement plan financial statements...
New Firm Offers 401(k) Education
A new firm has formed with the goal of educating employees about their 401(k) retirement plans.
Minn. Firm Slaps State Street with Subprime Suit
State Street has been hit with another federal court lawsuit alleging it took positions in risky subprime mortgage-backed securities in its Daily Bond Market fund, without telling anyone...
Reader’s Digest ‘Recession Plan’ Includes Match Suspension
The Reader's Digest Association, Inc., has informed employees that it will adopt a global ‘Recession Plan,' including the suspension of company matching contributions to its U.S. 401(k) plan.
Hartford Shows Advisers How to Use Form 5500
The Hartford Financial Services Group, Inc., has launched a new educational campaign to help financial advisers review retirement plan clients' needs, improve plan designs, and enhance employee participation.
Adviser Charged with Selling Phony TARP Investment
The Securities and Exchange Commission (SEC) is going after an investment adviser who allegedly defrauded clients by saying they were investing in the federal government’s Troubled Asset Relief...
Advisers Still Headed for More Fee Transparency
Fee disclosure regulations did not make it into the Federal Register before the new administration stepped in, but that is not necessarily a signal for advisers to relax...
Advisers Use VAs for Wealth Transfers
Deferred variable annuities show promise in the wealth transfer market, according to Cerulli Associates.
New Merrill Brokers Get Pink Slips
Merrill Lynch laid off an undisclosed number of short-tenured advisers this week, according to news reports.
McColgan To Exit Morgan Stanley
Ellyn McColgan, president and COO of the global wealth management group at Morgan Stanley, will not be around when the group merges with Smith Barney, according to a...
Janus Bows out of Institutional Money Market Business
The Janus Capital Group is exiting the institutional money market business after deciding its money market offerings have not achieved the size necessary to be sufficiently profitable.
Participants Learned Hard but Good Lessons
Market volatility in 2008 caused many investors to seek help, according to Fidelity Investments.
Tenn. Hospital System Stops 403(b) Match
The West Tennessee Healthcare system has suspended its 403(b) plan match.