Md. Men Plead Guilty to Pension Theft
Two Maryland men pled guilty to engaging in a scheme to steal allegedly over $9 million from an employee pension plan.
News
Outlook Brightens for Mass-Affluent Consumers
The mass affluent are expressing less anxiety about retirement and health care costs than they did six months ago.
Segal Rogerscasey Canada Adds Executives
John DeMairo, chairman and chief executive, Segal Rogerscasey Canada, announced executive appointments in the firm’s Toronto office.
BMO Launches Retirement Income Calculator
BMO Retirement Services introduced a personalized retirement income calculator to keep participants’ goals on track.
Zero Tolerance for Failure Is Campaign Theme
Security Benefit Corp. launched “Failure Is Not an Option,” a retirement income campaign.
SSgA Creates ETF Due Diligence Checklist
State Street Global Advisors (SSgA) created an ETF Due Diligence Checklist.
Retirement Income from Employer Plans Increasing
Retirees across all income groups are collecting more retirement income from employer-sponsored retirement plans than in the mid-1970s.
DC Plans Could Use Some DB Plan Strategies
Defined contribution (DC) plans could improve participants' retirement outcomes by adopting practices of defined benefit (DB) plans and other institutional investors.
Workplace Retirement Plans Increasingly Important
Seventy percent of people surveyed in Europe and the United States believe workplace retirement plans are “somewhat” or “extremely” important.
fi360 Appoints Stocke CFO
Patricia Stocke was named chief financial officer of fi360.
CAPTRUST Expands Footprint With N.Y. Office
The newest office of CAPTRUST Financial Advisors opened in Manhattan.
Hundredfold Unveils Share Class
A new investor share class for the Hundredfold Select Alternative Fund was rolled out by the investment adviser.
Retirement Cliff Looms for Many in the Middle Class
More than a third of Americans could live at or near poverty in retirement, according to Wells Fargo’s annual survey on retirement planning attitudes and behaviors.
J.P. Morgan Launches TDF Series
J.P. Morgan launched a target-date fund series, JPMorgan SmartRetirement Blend Funds.
DC Plan Focus Is Evolving
The goals and designs of defined contribution (DC) plans are evolving as defined benefit (DB) plans are increasingly replaced.
Callan Hires VP of Custody Consulting Practice
Callan hired Mark Kinoshita as vice president in the Trust, Custody and Securities Lending group.
T. Rowe Price Offers Fiduciary Training
T. Rowe Price launched FiduciarySource, an online program designed to help plan sponsors better understand and fulfill their fiduciary obligations.
Program Aims to Help Advisers Juggle Roles
OppenheimerFunds unveiled CEO Advisor Institute, a program designed to teach advisers to think like chief executives but continue to engage as trusted global advisers.
Social Networking Still Needs Adjustments
A growing number of financial advisers are embracing social media to acquire and service clients, but perceive the return on investment as mediocre, a survey found.
One-Third of Women Have Not Planned for Retirement
Despite being more concerned than men about the potential risks they face in retirement, fewer women complete basic retirement planning activities.