News

In the first quarter of 2013, investors added $184.3 billion to long-term open-end mutual funds while redeeming $92.8 billion from money market funds, according to Morningstar.

The majority of defined contribution (DC) plan participants participating in a recent poll are interested in having a guaranteed income option.

The ERISA Advisory Council recommended steps the Department of Labor (DOL) should take to improve the beneficiary designation process.

 Jeff Gardner, Eleana McLane, Mark McGowan, Bruce Guarino and Chad Metzger are the members of Nationwide Financial’s new defined contribution investment only (DCIO) sales team.  

Chicago Equity Partners LLC hired Paul M. LaCoursiere as managing director and senior fixed-income portfolio manager.

CFA Institute appointed Thomas Robinson as managing director of Americas operations, and John Bowman and Stephen Horan as managing directors of education.

Legal & General Investment Management America Inc. (LGIMA), a Chicago-based registered investment adviser, hired Don Andrews, Kimberlee Lisella, Justin Tabellione and Bradley S. Wynn.

Lodestar is an interactive global market intelligence platform that allows users to explore and customize more than 20 years’ worth of Cerulli research data.

The Plan Sponsor Council of America (PSCA) has begun its 56th Annual Survey questionnaire, which will examine trends with defined contribution (DC) plans.

The ERISA Industry Committee (ERIC) is urging lawmakers to proceed with caution when considering changes to the tax treatment of retirement savings.

Matthew Hutcheson of Eagle, Idaho, was found guilty after just a few hours’ deliberation by the jury.

Chris Reagan and Kevin Kaiser have been promoted to senior managing director and senior vice president, respectively, at Mesirow Financial.

David H. Dermenjian has been promoted to managing director of the investment advisory group at Mesirow Financial.

Enhanced resources on the website of Prime Advisors Inc. include portfolio access, assets under management, market updates, recent company events, industry presentations and publications.

CAPTRUST Financial Advisors has issued a position paper about financing strategies for nonqualified deferred compensation (NQDC) plans.

The past few years have seen a steady increase in real estate investments, according to Chuck Schreiber Jr., chief executive of KBS Realty Advisors.

Most defined contribution plan participants were content to stay put with their investments in March, according to the Aon Hewitt 401(k) Index.

New York Life lowered the initial premium payment for its Guaranteed Future Income Annuity (GFIA), from $10,000, to $5,000.

Next week, Public Broadcasting System’s (PBS) Frontline program will re-air a documentary called “The Retirement Gamble.”

An online tool from Wells Fargo Retirement helps individuals create a savings plan and allows them to see their potential monthly income in retirement.