Advisers Need to Reach Out to Women
Whether in the institutional or retail space, advisers might need to reevaluate practice models to better incorporate the ever-growing market of women.
News
EBSA Issues New Participant Disclosure Regulations
Federal regulators on Tuesday unveiled the long-awaited final portion of their three-part plan disclosures regulatory package that calls for sponsors of employee-directed plans to supply participants with basic...
Another Circuit Agrees Cashed-out Participants Have Right to Sue
The 1st U.S. Circuit Court of Appeals became the latest federal appellate court to decide that former employees who allege that fiduciary breaches reduced their lump-sum distributions from...
Prudential Issues 403(b) Guide
Prudential Retirement has issued a new Planning and Resource Guide to help its 403(b) clients manage plan transitions in the new regulatory environment.
Calculator Shows Consequence of Cashing Out 401(k)s
RolloverSystems Inc. now offers an online calculator that workers who are laid off, switching jobs, or struggling financially can use to determine how much money they will receive...
SSgA Launches 10 International Sector ETFs
State Street Global Advisors (SSgA), the investment management arm of State Street Corporation, launched 10 SPDR exchange-traded funds (ETFs).
Fixed-Income Players React to Credit Crisis
Institutional investors are becoming more hands-on in their fixed-income investing, a study says.
Lincoln Reorganizes Employer, Individual Markets
Lincoln Financial Groups realigned its Employer Markets and Individual Markets divisions into two new divisions: Retirement Solutions and Insurance Solutions.
PSA Acquires Alliance Benefit Group Office
PSA Insurance&Financial Services acquired the Baltimore office of Alliance Benefit Group Mid-Atlantic (ABG), the company said.
Principal Releases Business Insurance Product
The Principal Financial Group released Variable Universal Life Income IISM (VUL Income II) to address the retirement income challenges for small- and mid-sized businesses, the company said.
Wal-Mart Answers Excessive 401(k) Fee Allegations
In response to participant allegations, Wal-Mart said ERISA doesn’t require fiduciaries to select the cheapest option.
John Hancock Program Helps Advisers Map Retirement Income
John Hancock Variable Annuities said it designed a new tool to help advisers develop guaranteed retirement income plans for their clients.
RESOURCES for Retirement Hires Investment Analyst
RESOURCES for Retirement, a plan advisory and consulting firm, brought on Abraham Nel to provide plan investment analytics to its expanding client base, the company said.
House Panel OKs Auto Enrolling New Fed Workers
A House Committee approved a measure to auto enroll new federal workers in the Thrift Savings Plan with a 3% deferral.