News

Towers Watson appointed two consulting leaders.

Callan hired John P. Jackson as a senior vice president in the Fund Sponsor Consulting Group. 

The broker/dealer First Allied Securities Inc. expanded its advisory platform, Guided Portfolio Solutions (GPS) to give affiliated advisers a practical approach to conducting fee-based business.

Younger, less-educated and lower-paid employees are more likely to choose the investment provider that offers face-to-face financial advice, a survey found.

J.P. Morgan Asset Management, with alliance partner FASCore, launched an offering to provide recordkeeping solutions to the small to midsize retirement plan market. 

Some plan sponsors are hesitant to implement an in-plan guaranteed retirement income solution for the same reasons others are in favor of it.   

Two fixed-income SPDR exchange-traded funds (ETFs) from State Street Global Advisors began trading on the NYSE Arca.

The Principal Financial Group released educational and practice-management resources for third-party administrators (TPAs).

 TRUSTIVO announced it would add the Verified Expert program for advisers from Dalbar to its referral network.  

There’s been an uptick in global demand for diversification and alpha generation, according to the 2012 Global Survey on Alternative Investing by Russell Investments.

Most workers need to work only five years past age 65 to be ready to retire, a paper contends.

The global financial services firm Wilshire Associates rolled out two offerings, one with exposure to liquid alternatives and a lower-cost product for smaller client accounts.

 MassMutual’s Retirement Services Division hired Patrick Alfano as a sales director.   

More than six in 10 target-date funds (63.6%) surveyed by Callan employ a glidepath managed “through” retirement.

 J.P. Morgan launched Asset Management Solutions, consolidating its multi-asset capabilities into a group overseeing about $100 billion in assets under management globally. 

April was the first month this year that the net direction of 401(k) participant transfers moved back toward fixed income.

Wilshire Associates Incorporated added qualitative evaluations to Wilshire Compass Monitor, the firm's PC-based fund management and consulting tool.

 MFS Investment Management unveiled its new brand positioning, Building Better Insights.

A new website from ShareBuilder 401k allows companies to calculate and compare 401(k) plan fees.

 Only half the clients of advisers surveyed have realistic expectations about the amount of income their investments will provide in retirement, Russell Investments found.