News

Virtus Investment Partners is expanding its sales force with a new team to focus on the independent broker and registered investment adviser (RIA) channels. 

Thirty-one percent of Americans say running out of money is their top concern regarding retirement, according to a survey from Franklin Templeton.

Russell Investments has promoted senior consultant Martin Jaugietis to the newly created role of director, head of LDI solutions, Americas Institutional.

Direxion, a provider of alternative investment solutions, has named Harold W. Clemons as senior sales director for the Mid-South Region.

AllianceBernstein hired Edmund Grant as a managing director for business development and client services for institutional investors.

Fidelity’s Education Generational Survey found nearly half (49%) of the higher education workers surveyed describe themselves as "conservative" investors when it comes to retirement, regardless of age.

Sixty-three percent of investment managers surveyed by SEI at its annual CFO Forum for Alternative Investment Managers are optimistic about their firm’s prospects over the next three years. 

The U.S. Department of Labor is suing Worldwide Trade Resources Inc. (WTR) for failing to distribute $2 million held in its 401(k) plan. 

Pershing, a BNY Mellon company, has increased its presence in Australia by acquiring Penson Worldwide's Australian operations.

Transamerica Retirement Services has expanded the core investment platform offered to company-sponsored retirement plans with the addition of 38 stock and bond investment choices.

A profit sharing plan administrator is not liable for the unlawful diversion of plan assets by the fiduciary overseeing the plan’s management. 

Key product lines of Financial Research Corporation (FRC) have been acquired by Asset International, Inc. to form a new division of Strategic Insight. 

The day after launching his own mergers and acquisitions consulting firm, Dave DeVoe hit the road to meet with his first client.  

Over 95% of the 1,200 plan sponsors contacted by the Employee Plans Compliance Unit of the IRS voluntarily completed an online 401(k) Compliance Check Questionnaire.

The Greenwich Roundtable released a white paper discussing how investors can manage complexity of alternative investments to improve their returns.

The Department of Labor will recover more than $7 million for former employees of USProtect Corp., a defunct company that provided security services for federal buildings across the...

David Longfritz has been selected as the first Chief Marketing Officer at John Hancock Financial.

A report from the Center for Retirement Research at Boston College suggests that for corporate pension plans, the potential diversification benefits from investing in alternative investments may be...

Based on a survey with financial services executives, Aite Group asserts that the retirement income industry is still in its infancy, with the shift from accumulation to decumulation...

ADP has launched the ADP ACCESS FlexAccount, a plan-level administration tool designed to give 401(k) plan sponsors greater flexibility in paying plan fees and expenses.