News

Nearly two in 10 individuals, or 18.5%, have taken a loan from their 401(k) plan, Navigant Economics said in a policy brief.

The Financial Planning Association (FPA) announced it would offer FiPath for Advisors tools to its members through a strategic collaboration with FiPath.

Carl R. Tannenbaum, formerly with the Federal Reserve Bank of Chicago, was appointed chief economist at Northern Trust.

Invesco PowerShares Capital Management LLC announced the anticipated listing of the PowerShares DWA SmallCap Technical Leaders Portfolio on July 19, on the NYSE Arca.

Long-term mutual funds recorded their lowest monthly intake year to date with just $10.8 billion in new money in June, according to data from Morningstar.

No recession is forecast, but investment managers show less confidence in U.S. economy, according to Northern Trust’s second-quarter survey.

Commonfund has hired Irakli Odisharia as director in its Risk Management Team.

Chris Somers joined Lincoln Financial Distributors (LFD) as a regional sales director for the Institutional Retirement Solutions Distribution (IRSD) team.

Andrew Ashton and Dennis Rothe were appointed to new roles in Franklin Templeton Investments’ advisory service divisions.

Provisions of the Patient Protection and Affordable Care Act (PPACA) could cause employees to retire earlier because of health care coverage available after leaving their companies.

Janus Capital Group Inc. announced two institutional appointments to strengthen its institutional client and consultant relationships in the U.S.

 A dividend tax rate hike scheduled for January might have an impact on Americans who rely directly and indirectly on dividends, a study found.  

 John Hancock Funds announced Keith F. Hartstein’s retirement and Andrew G. Arnott as his replacement as president and chief executive. 

The Internal Revenue Service (IRS) has made it clear that it will look for information sharing between 403(b) plan sponsors and vendors with 2009 plan audits.

U.S. exchange-traded funds (ETFs) enjoyed $16 billion in net inflows in June, their best month since February’s $15 billion in net inflows.

Investors stayed tense over global economic growth, with estimated net inflows of just $13 billion into stock and bond mutual funds in the U.S. in June.

Capital Investment Companies has added Charles Pendergraft II, John Zachary Carnes, Cort Meinelschmidt, Chelsea Miller, J. Marshall Culp III and James Beam as advisers. 

Mutual fund data was made available on Zephyr Associate Inc.’s website for investment professionals globally, StyleAdvisor.com.

 The Securities and Exchange Commission (SEC) hired Paula Drake as an associate director in its Office of Compliance Inspections and Examinations (OCIE).   

 The defined contribution (DC) retirement plan industry has a “self-esteem problem” that must be addressed, one industry expert contends.