Higher Adviser Use Increases Focus on Retirement
Using a financial adviser helps bring more focus to the need to save for retirement, a survey found.
News
IRS to Teach About Internal Controls
The Internal Revenue Service (IRS) is hosting a phone forum about good internal controls.
UBA Makes Plan Document Solution Available
United Benefit Advisors (UBA) has named PLAN DOC Builder a Certified Solution for its more than 2,000 benefit professionals across 140 Partner Firms.
What Advisers Don’t Understand About ETFs
Risks and use of exchange-traded funds (ETFs) in portfolio construction: yes. Liquidity and trading of ETFs: not so much.
Equity, Fixed Income Get Equal Play in June
Defined contribution (DC) plan participants’ daily transfer volumes remained steady in June, according to the Aon Hewitt 401(k) Index.
Reliance Trust Acquires Florida Bank and Trust
Reliance Trust Company acquired the trust and asset management business of Grand Bank and Trust of Florida, headquartered in West Palm Beach, Florida, effective July 31.
Chepeni(k)’s Thoughts: Top 10 WORST PRACTICES
Why do “best practices” get all of the attention??
Wells Fargo Sees Rise in Roth, Managed Accounts Use
July 15, 2013 (PLANSPONSOR.com) - In the first quarter 2013, 10% of all participants in Wells Fargo-administered defined contribution plans chose to contribute to a Roth 401(k), when...
AdvisorShares Introduces International Equity ETF
AdvisorShares' Athena International Bear ETF (ticker symbol: HDGI) will open for trading July 19.
Certain Revenue Sharing Payments not Plan Assets
The Department of Labor (DOL) has weighed in on whether certain revenue sharing payments constitute plan assets under the Employee Retirement Income Security Act (ERISA).
Newer Participants More Likely to Use Roth
Roth participation is more than twice as high among 401(k) participants hired after the Roth introduction than among those hired before the Roth introduction.
Financially Empowered Women Are on the Rise
They make major investment decisions, understand investment products and are interested in learning about financial matters. An Allianz Life study examines women, money and power.
Pensionmark Offers Small Business Retirement Plan Solution
Pensionmark Retirement Group announced a new retirement plan solution for small businesses.
Punter Southall Acquires U.S. Adviser Firm
Punter Southall Transaction Services and P-Solve have jointly acquired financial advisory firm Palisades Capital Advisors.
SBS Names VP of Business Development
Strategic Benefit Services (SBS) named Carol A. Idone vice president of Business Development.
Heffernan Hires Retirement and Investment Adviser
Peter Sorensen joined the San Francisco office of Heffernan Financial Services as a retirement and investment adviser.
High Bond Fund Redemptions an “Aberration”
The surprising rise in interest rates that began in early May and spiked in June triggered a 2.4% average loss for all bond funds during June.
Mulling a Graceful Glide As Funded Status Rises
If bond yields keep rising, and equities and other return-generating asset classes outperform fixed-income, plan sponsors may want to pause and consider glide path strategies.
BB&T Names Business Development Officer
Peggy Scott was hired as a business development officer at BB&T Retirement and Institutional Services.
June Worst Month on Record for Bond Funds
Investors withdrew $43.8 billion from taxable-bond funds and $16.4 billion from municipal-bond funds, making June the worst month on record for bond funds in terms of total outflows.