News

The U.S. Department of Labor (DOL) is suing to restore $34.6 million in assets to two pension funds for employees of auto supplier Metavation.

Commission-based advisers’ revenue rose 21% in the past three years, a PriceMetrix report shows.

Communication is a leading driver of plan sponsor satisfaction with third-party administrators (TPAs), according to a report published by Transamerica Retirement Services.

Callan Associates announced that Dana R. Brown joined the company's Fund Sponsor Consulting group as senior vice president on July 30.

Employees at Truman Medical Centers (TMC) sued the hospital for changing their retirement plans.

A federal appellate court has determined a plan administrator was right in bypassing a deceased retirement plan participant’s stepchildren when distributing his account.

 Less than one-fifth (18%) of people increased their retirement savings in 2012, a rise from the 15% that did so in 2011.     

All the controversy regarding the Department of Labor’s (DOL’s) guidance about fee disclosures for brokerage windows may have overshadowed its guidance for model portfolios. 

Honest and practical education, social media communications and proper incentives will result in increased retirement plan participation for Generation Y employees.

 Varcity Kariuki was appointed executive director and client portfolio manager at J.P. Morgan Asset Management in New York.   

Employers place a high value on employee financial literacy, a survey found.

Jordan Szekely was named vice president and financial adviser at Evercore Wealth Management LLC.

 Michael E. Morris joined 401(k) Advisors, an independent retirement plan consulting firm, as a managing director for the Mid-Central region.   

One in three investors said they are less willing to take on risk, and many regret pre-recession financial decisions, a TD Ameritrade Investor poll found.

Tom Simonson has been named a vice president of Lockton Financial Advisors/Lockton Investment Advisors in the insurance broker’s Charlotte, North Carolina, office.

Nearly 80% of advisers have some business presence on social media, but 56% are “tiptoeing into it,” SEI found in a survey.

More than half of employers surveyed (55.6%) report that the effectiveness of their benefits communication efforts has improved during the last three years.

Securian has added a QR (quick response) code to retirement plan participants’ quarterly account statements and envelopes.

Memo to airport and airline execs: Business travelers want mobile app notification, reliable WiFi and self-service boarding options.

More than half of participants surveyed do not understand retirement plan fees, indicating a need for education before the fee disclosure regulation goes into effect this month.