News

Corporate Compensation Plans Inc. (CCP) introduced an insurance product that would continue contributions to employees’ retirement plans if they become disabled.

The Internal Revenue Service (IRS) updated and expanded its Employee Plans Compliance Resolution System (EPCRS).

Rising equity markets and falling liabilities combined to push the funded status of the typical U.S. corporate pension plan into positive territory in 2012.

Gregory Frost was named chief financial officer of Hartford Mutual Funds.

 

Thomas Klugherz was hired as portfolio and client services officer by the U.S. real estate business of UBS Global Asset Management.

While the fiscal cliff deal left tax treatment of retirement savings unchanged, it includes a provision for retirement plans that could generate revenue right away.

 Gabriela Heffernan was named regional director for the South West for Putnam Investments’ 401(k) team.  

BCG Securities unveiled a newly designed website for plan sponsor clients.

Segal expanded and renamed its fiduciary liability insurance practice. 

Keith Reynolds and Richard Pietrzak have been named consultants at Segal Rogerscasey.

S&P 1500 plan sponsors finished 2012 with the highest year-end pension deficit ever.

Independent Wealth Advisors Group and TBCI have merged into a registered investment advisory with total assets under management of more than $100 million.

Greg Tencza was named managing director and head of institutional distribution at ING U.S. Investment Management.

Job seekers will have the best luck in seven cities in Arizona, California, Florida, Texas and Utah, a survey predicts.

Corporate pension plan funding levels took a modest dip in 2012, keeping most plans considerably underfunded.

Pioneer Investments launched a low-cost share class designed for inclusion in certain qualified defined contribution (DC) retirement plans.

Prudential Retirement added American Century Investments’ line-up of target-date funds to its guaranteed income solution for defined contribution (DC) plans.

A new blog shines a light on the weekly strategy meetings of J.P. Morgan Asset Management’s global fixed-income, currency and commodity group.

 Europe, China and the U.S. must overcome hurdles to keep the global economic recovery intact.