News

United Benefit Advisors (UBA) named Les McPhearson as the organization’s next chief executive officer.

Russell Investments announced several updates to its Economic Indicators Dashboard, an analysis tool used by financial advisers to have informed conversations with clients about the U.S. economy.

The Newport Group, a national provider of retirement and executive benefit plans, has opened an office in the Chicago area.

Average individual retirement account (IRA) contributions for tax year 2013 reached $4,150—a 5.7% increase from 2012 and an all-time high, according to Fidelity Investments.

Prudential Retirement has promoted Gary Ward to head the firm’s stable value organization.

Schwab Intelligent Technologies reached an agreement with Morningstar, Inc. through which the investment research provider will participate in the Schwab OpenView Gateway technology platform.

A secure retirement is achievable, research says, if retirement plan participants start saving early and consistently—and at levels far above 3%. 

Stephen Rosenberg, an Employee Retirement Income Security Act (ERISA) and labor law litigator, has joined The Wagner Law Group.

Nuveen Asset Management will use RiskFirst’s web-based analytics platform, PFaroe, to help craft customized liability-driven investment (LDI) strategies for institutional clients and corporate pension plans.

AIG Advisor Group established a partnership agreement with Castle Rock Innovations Inc. to implement the AXIS Retirement Analytics Platform (AXIS), an integrated benchmarking and disclosure system.

Nationwide Retirement Solutions has released the Nationwide Diverse Managers Fund.

Choosing the right share class needs careful consideration as the Department of Labor (DOL) is paying more attention to investment menu options.

The average participant in the U.S. defined contribution (DC) retirement system is 43 years old and has saved $91,000, according to an industry benchmark report.

Natixis Global Asset Management announced plans to fund a research project focused on investor behavior and personal financial benchmarking, based at the Massachusetts Institute of Technology (MIT).

American adults under age 30 favor cash and other lower-risk assets, even as the basis of a long-term investment strategy, according to new research.

MassMutual Retirement Services has appointed eight new relationship managers to further support retirement plan sponsor clients.

Savings in defined contribution (DC) retirement plan accounts recordkept by Fidelity grew 12.9% in the last year, to an average balance of $91,000.

A pension plan transaction recently announced by British Telecom, offers a glimpse of a coming pension risk transfer option for U.S. defined benefit plan sponsors.

Taught by experience how quickly stock-market volatility can destroy wealth, investors have gained a healthy appetite for risk management solutions, says Adrian Banner, CEO and CIO of INTECH.

Want to see industry insiders instantly divide? Ask if a retirement plan adviser can assist participants in rolling assets out of the plan and into an IRA.