News

Despite being younger than others, on average, workers at tax-exempt health care organizations have saved more for retirement ($50,000 vs. $33,000).

Russell Investments recently redesigned its Russell LifePoints Institutional Target Date Fund (TDF) suite to offer both active and passive investment options, plus real assets.

Most investors ages 21 to 50 remain focused on saving for retirement, according to an online survey conducted by Harris Interactive on behalf of T. Rowe Price.

 MassMutual Retirement Services has planned several events to coincide with National Save for Retirement Week.   

 Commonwealth Financial Network introduces Four-Corner Marketing, an online tool to provide advisers with access to preapproved materials to strengthen client relationships and market to prospects.   

 Wealth Management Systems Inc. (WMSI) has launched its latest Web application, Rollover Central.   

 Risk management remains top of mind as registered investment advisers (RIAs) pursue a strategic mix of products.   

Bill Cavalier was promoted to director of broker/dealer relationships at CPI Qualified Plan Consultants Inc.

SunGard is expanding its managed services capabilities to help retirement plan administrators and recordkeepers reduce costs, comply with new regulations and focus on service differentiation. 

 Using the Internal Revenue Service’s (IRS’s) required minimum distributions (RMD) as a withdrawal strategy does almost as well as traditional options and outperforms the 4% rule.  

 Forward Management LLC has formed the Asymmetry global health care team.  

 Natixis Global Asset Management (NGAM) has reached an agreement to acquire McDonnell Investment Management LLC.  

 The Aon Hewitt 401(k) Index pointed to continued participant uncertainty in September as daily transfer volumes remained significantly low compared with historical levels.  

 While more than half of plan sponsors offer target-date funds (TDFs) in defined contribution (DC) plans, only half of them use TDFs as the default.  

Advisers can use social media to build more personal relationships with clients, speakers said during the Securities Industry and Financial Markets Association (SIFMA) social media seminar.

 AllianceBernstein has found that whether plan participants consider themselves “active” or “accidental” investors, they give target-date funds (TDFs) praise.   

 Stephen Davis has been appointed national sales manager of Guardian Retirement Solutions. 

Invesco PowerShares Capital Management LLC announced the anticipated listing of the PowerShares S&P 500 High Dividend Portfolio on October 18 on the NYSE Arca.

ShareBuilder 401k introduced online tools and resources to help plan sponsors and employees better understand their 401(k) fee disclosure statements and determine fee reasonabless.

Mutual of America is expanding its current “Save More for Your Retirement” customer education campaign to shine a spotlight on National Save for Retirement Week.