Hartford Adds Retirement Income Offering to 401(k) Plan
The Hartford Financial Services Group has announced that The Hartford Lifetime Income will be offered to participants in the company’s 401(k) plan.
News
RetirementWORKS Unveils Retirement Planning Software
RetirementWORKS, Inc., a subsidiary of Still River Retirement Planning Software, has released a new financial planning site for those approaching or who are already in retirement.
Former Ibbotson President to Lead Envestnet’s New Retirement Group
Mike Henkel, former President of Ibbotson Associates, has been named Managing Director for Envestnet’s newly-established Retirement Services Group.
UBS Introduces New Fee-Based Adviser DC Offering
UBS Wealth Management Americas has launched its DC Advisory service.
Vanguard Adds Adviser to Two Equity Funds
Vanguard has added Baillie Gifford Overseas Ltd. as an adviser to two different equity funds.
S&P Launches African Benchmarks
Standard&Poor's has launched three new benchmark and investable indices designed to provide investors with access to Africa's developing equity markets, as well as being a measurement tool for...
MSCI Barra Puts Out Managed Volatility Indexes
MSCI Barra has launched the MSCI Global Minimum Volatility Indices, a new global benchmark offering for managed volatility investment strategies.
Saeli Named Head of Institutional Sales at MFC
MFC Global Investment Management (U.S.), LLC announced that Frank Saeli has been named head of U.S. institutional sales and relationship management.
DoL Sues Investment Advisory Firm on Behalf of MI Union Plans
The U.S. Department of Labor (DoL) has filed a lawsuit in federal district court in Chicago against Chicago-based AA Capital Partners Inc. and its executives.
IRS Continues Fleshing Out PPA DB Funding Mandates
As part of regulators’ continuing efforts to flesh out the Pension Protection Act’s (PPA) mandates, the Internal Revenue Service (IRS) on Friday issued proposed regulations on single-employer defined...
World Equity Markets Off to a Bad Start
The world’s emerging and developed equity markets lost 10.56% and 8.95%, respectively, during the first three months of the year, according to Standard&Poor’s.
Invesco PowerShares Launches Actively-Managed Equity ETFs
Invesco PowerShares announced three actively-managed equity exchange-traded funds (ETFs) and PowerShares' first actively-managed fixed-income ETF began trading on the NYSE Arca.
Thrivent Offers Service to Help Manage Capital Gains Taxes
Thrivent Financial for Lutherans’ Landmark Group is now offering a new separate account manager, available through Thrivent’s Managed Account Program, to help investors better manage capital gains taxes.
Phoenix Introduces Low-cost Annuities for Fee-based Adviser Market
The Phoenix Companies, Inc. introduced a low-cost, no-load annuity sold through Phoenix’s distribution partners, including wirehouses, regional broker/dealers, and financial institutions.