News

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.

The funded status of corporate pensions improved in June by $47 billion.

The Dietrich Pension Risk Transfer Index, which tracks the relative attractiveness of annuitizing pension liabilities, increased during June.

Exchange-traded fund (ETF) assets decreased by $59.7 billion, or 4%, in June.

Morningstar Credit Ratings, LLC, is now qualified as a “Rating Agency” as defined by the U.S. Department of Labor (DOL).

The Internal Revenue Service (IRS) will host phone forums discussing 401(k) plan corrections and audits.

SunTrust Banks, Inc. has added retirement income projection tools to its institutional 401(k) offerings.

Asset management firm State Street Global Advisors (SSgA) announced the availability of the SPDR Russell 2000 ETF (ticker symbol, TWOK).

Frank Zukowski was appointed national sales director of Guinness Atkinson Asset Management, adviser to the Guinness Atkinson Funds.

Paul Gamble was appointed managing director and president of retirement solutions at F-Squared, an investment management firm in Newton, Massachusetts.

Nix the technology and don’t avoid the in-laws. A survey from Liberty Travel shines a light on family vacation trends.

ASPPA says a uniform fiduciary standard would cause confusion, but a coalition of other financial groups said retail customers would benefit from such a standard.  

Vanguard is offering retirement plan participants interactive graphics to help them make key decisions.

Nuveen Investments announced the availability of a new suite of large cap equity mutual funds.

More retirement plan sponsors are looking to simplify their plans' investment menus.

The American Society of Pension Professionals & Actuaries (ASPPA) sent a comment letter to the Internal Revenue Service (IRS) regarding the use of forfeitures to fund ADP test...

Both 3(21) and 3(28) fiduciary capabilities from Wilshire are offered on American Funds’ recordkeeping platform.

Hartford Investment Management Company (HIMCO) hired two institutional sales representatives and a consultant relations head.

Charles B. “Chuck” Lawless was promoted to senior managing director in the investment advisory group at Mesirow Financial.   

A white paper from RidgeWorth Investments scouts a number of fixed-income strategies to counter rising interest rates.