ExpertPlan, provider of private-label recordkeeping solutions for retirement plans has announced its acquisition of Pennsylvania-based TSCI, formerly Trust Service Company, Inc.
Saying the retirement business is a “strategic priority″ for the firm’s Global Wealth Management (GWM) group, Merrill Lynch has confirmed that Steve Bodurtha has assumed responsibility as head...
The use of independent advisers by millionaires has grown, with 26% of millionaires now working with such advisers, compared to 22% last year, according to a survey by...
John Hancock Retirement Plan Services (RPS) unveiled a Web-facilitated training program for its 401(k) third party administrators (TPAs) called Forum Coach.
A lawsuit by former 401(k) participants against the Principal Financial Group over allegations that the company duped participants into IRA rollovers into Principal’s proprietary mutual funds appears poised...
Eighty percent of investment consultants expect to increase their defined contribution (DC) business in the wake of the pension fund crisis, according to Cerulli’s 2007 survey of investment...
The defined contribution investment-only (DCIO) market offers dramatically higher profit margins for asset managers than those found in other platform markets, and firms will be growing their personnel...
A bill backed by a powerful Connecticut state lawmaker that would create a state-sponsored defined contribution retirement plan for employers with fewer than 100 workers has passed the...
Of the 50.6 million U.S. households – 43.6% of total households – that own mutual funds, almost half (49%) consider employer-sponsored retirement plans to be their primary source...