News

Shield Level Selector, a single premium deferred annuity, was launched by MetLife to address protection from loss, and help with growth opportunities.

The Advisory Council on Employee Welfare and Pension Benefit Plans will hold an open meeting at the Department of Labor (DOL) June 4 to 6.

Financial advising as a career for women is projected to grow 32% from 2010 to 2020, according to the Bureau of Labor Statistics. 

The Social Security Administration (SSA) is now offering a new mobile-optimized website specifically aimed at smartphone users.

Lincoln Financial Distributors (LFD) and Primerica Inc. will be releasing more annuity products.

Morningstar Inc. has introduced the next generation of Morningstar Retirement Manager, its advice and managed account service for defined contribution (DC) participants.

Meeder Investment Management announced the launch of its 3(38) fiduciary service.

Independent broker/dealers and RIAs continued outpacing wirehouse firms in long-term mutual fund asset growth in the first quarter, according to Access Data and Strategic Insight. 

The bill, SB 814, affects financial services firms with affiliated financial advisers in Florida, regardless of where the firm’s headquarters are located.  

President Obama’s proposal to cap individual retirement accounts (IRAs) not only has the potential to affect participants — it could also add administrative work for sponsors and advisers.

Frank Green was named director of strategic partnerships, retirement services, at BMO Global Asset Management.

The American Society of Pension Professionals & Actuaries (ASPPA) and the National Tax Sheltered Accounts Association (NTSAA) requested changes to pre-approved plan programs.

Whether employees will have enough income in retirement is the hot topic of the industry.

Adam S. Goldman was promoted to senior managing director of the investment advisory group of Mesirow Financial. 

Advisers believe the market is due for a pullback and the economy remains fragile, according to WealthManagement.com’s Advisor Confidence Index.

Carlo V. di Florio will join the Financial Industry Regulatory Authority (FINRA) as executive vice president of risk and strategy.

A recent Deloitte survey found employee retirement readiness continues to be a top priority among more than three-quarters (78%) of 401(k) plan sponsors.

A  trade group has been formed to educate plan sponsors and consultants about how investing in commercial real estate may enhance retirement security for defined contribution plans.

Ingham Retirement Group has affiliated with LPL Financial’s broker/dealer and registered independent adviser (RIA) custodial platforms. 

The demand for managed accounts is increasing as plan sponsors seek to provide participants with more customized solutions, Fidelity Investments says.