News

Ciara Burnham and William Ryan have been appointed chief executive and chief fiduciary officer, respectively, of fiduciary services provider Evercore Trust Company (ETC).

Without significant changes, the SEC cannot fulfill its mandate for examinations of investment advisers, said Elisse Walter, commissioner of the Securities and Exchange Commission (SEC).

The Defined Contribution Institutional Investment Association (DCIIA) released a white paper that examines how to design investment menus for defined contribution (DC) plans.

Most men plan for their own life expectancy without taking into account the likely chance their spouses will outlive them, a retirement specialist cautions.  

In seeking to expand within the retirement market, SEI has partnered with Rothschild Asset Management to offer a suite of collective investment trusts (CITs). 

BlackRock turned to registered investment advisers (RIAs) for help in developing its new exchange-traded funds (ETFs). 

Jennifer Tanck, vice president of client services, and Lisa Esker, customer service manager, are new appointments at ASPire Financial Services LLP.

Eric Bokesch and Guy Ridout III have been hired as retirement plan wholesalers at Nationwide Financial.

Financial advisers can provide a valuable and necessary service to both defined contribution (DC) plan sponsors and participants—if advisers know what they need.

What happens online doesn’t always stay online.

National Financial Partners Corp. said it agreed to be acquired by Madison Dearborn Partners for $25.35 per share in cash.

The Principal Deferred Income Annuity, a new product, offers a flexible premium and the option to delay the start of income payments.

TIAA-CREF launched the TIAA-CREF International Opportunities Fund (TIOIX, TIOTX, TIOSX, TIOPX).

The U.S. Department of Labor (DOL) is co-sponsoring a webcast to provide financial education for younger workers and college seniors.

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.