News

 Cheryl Courtney was named regional vice president of the western territory for Ascensus, a provider of retirement plan solutions.   

Although they remain divided on the current financial environment, millionaires’ optimism for the future is the highest it has been since 2006, a survey found.

Markets will be erratic as U.S. policy indecision and a deepening recession in Europe overshadow virtually every aspect of the world economy, Natixis predicted.

 Imagine reading up on the latest financial news while you drive to work, but unlike the markets, your car won’t crash.  

Financial education improves plan participants’ knowledge and awareness about saving for retirement. 

Employees across the United States are willing to save more for retirement and report that there is room in their budgets to do so.

Independent advisers are scanning the horizon for new clients to maintain growth in an uncertain economy, Charles Schwab’s benchmarking study found.

Social media, insider trading, regulatory reporting and performance advertising are among the hot compliance topics for advisers, a survey found.

Plan sponsors should avoid using “jargon” investment language that some participants do not understand, even terms that would seem to be common knowledge, such as “equity.”

National Financial Partners Corp. (NFP), a provider of benefits, insurance and wealth management services, acquired Fusion Advisor Network, a practice management and consultant to advisers.

A sometimes-overlooked option for retirement income in defined contribution (DC) plans can help keep participants from outliving their retirement savings, sources said.

MetLife Resources unveiled an online fiduciary assessment quiz.

 Brian Schweitzer became strategic account manager, Craig Miller was promoted to key account manager, and Tina White was promoted to IO sales desk supervisor.  

Arnerich Massena Inc. released “Seeking the Investment Frontier,” a white paper examining the pros and cons of the frontier market asset class.

Paul Citron was named regional vice president for retirement business sales for the northern region of the companies of OneAmerica.

Lincoln Trust Co. has acquired Benefit Solutions Corp., a 401(k) recordkeeper and third-party administrator (TPA).

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.