News

Thomas J. McInerney has been chosen as president and chief executive officer of Genworth Financial Inc.

Over the past two years, defined contribution (DC) plan sponsors have taken small but significant steps to help participants improve their retirement readiness.

Verizon and The Prudential Insurance Company of America have completed a challenged pension risk transfer transaction.

Retirement plan reporting and monitoring services from Markov Processes International (MPI) are now available to advisers on Legg Mason’s DCIO distribution platform.

Two investment professionals have joined J.P. Morgan Asset Management’s (JPMAM) Columbus, Ohio-based Global Fixed Income team.

Mutual of America introduced a mobile website to provide customers with access to their account information via their smartphones.

Fidelity launched a plan sponsor website, Global Solutions, which will assist companies in managing employee stock plans in multiple countries.

On a basic level, defined benefit (DB) pension plan funded status is the ratio of assets to liabilities.

The U.S. retirement system successfully provided adequate retirement resources and successive generations of retirees have been better off, ICI research found.

 A group of senators introduced a resolution recognizing the importance of current incentives for retirement savings.   

Retirement planning is the one financial issue in which all generations are most vulnerable, but for different reasons.

Plan sponsors are largely optimistic about fee disclosure regulations, but say they need help from advisers.

John Shrewsbury was appointed to the retirement sales team of Sentinel Investments.

During the third quarter, Callan DC Index balances improved by more than 4%, mostly because of market appreciation.

There is a long-term cost for employers for not helping employees prepare for retirement, said Matt Iverson, director of Boulevard R.

The RBC BlueBay Absolute Return Fund, a specialty fixed-income mutual fund for U.S. investors, was launched by RBC Global Asset Management Inc.   

Nearly three-quarters of advisers use alternatives, but many would still like deeper knowledge about them.

More employers say recruitment and retention are among the top reasons for offering nonqualified deferred compensation plans to their key employees.

Timothy Baker, Tom Chimirri and Edwin Nunez joined 3D Asset Management Inc. as regional vice presidents on the business development team.

Financial advisers need to create a Starbucks client experience to drive profitability and growth, according to a white paper on client service.