News

Donie Lochan joined LPL Financial LLC as executive vice president of business technology services (BTS).  

Strong client service, a useful website and recognizable brand are the most important factors for advisers when choosing an asset manager.

Mark Dacey has been named head of U.S. consultant relations and Amy DiMarzio, fixed-income investment strategist, at Pioneer Investments.

Nancy Grady has joined Northern Trust as head of U.S. fund administration and fund accounting-Americas. 

Most investors (83%) say 401(k) and other tax-advantaged accounts are extremely (43%) or very (40%) important to a comfortable retirement.

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Citigroup Chief Executive Michael Corbat appointed Jamie Forese and Manuel Medina-Mora as co-presidents of Citi.

Jorge Martinez-Fonts joined ERISA Fiduciary Advisors (EFA) as director of client services.

John B. McDermott has become chief investment strategist of Symmetry Partners LLC.

Pentegra Retirement Services introduced a Web tool featuring Q&A’s with Pentegra specialists.

Wyeth Inc. agreed to settle a class action stock drop lawsuit.

Employees are often struck with inertia when it comes to their 401(k) plans.

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.