News

The 2nd U.S. Circuit Court of Appeals reversed a lower court’s dismissal of a securities fraud lawsuit brought by four pension funds.

A study by The American College reveals small business owners show a strong bias for financial advisers of the same gender, with men exhibiting a stronger gender bias.

BNY Mellon Investment Management named Cynthia Steer as head of Manager Research & Investment Solutions.  

The SPARK Institute released spreadsheet templates of its Data Layouts for Non-Registered Investment Product Disclosures to Retirement Plan Participants.

Robeco Investment Management launched two mutual funds.

David Weinberger has joined Pacific Alternative Asset Management Company, LLC (PAAMCO) as managing director, head of portfolio management.

Milliman, Inc’s latest Pension Funding Index shows that in December, pensions experienced a $59.7 billion decrease in pension funded status.

Ameritas Life Insurance Corp. acquired BNL Financial Corp. officially on December 31, 2011.  

The year 2011 was packed with market surprises from natural disasters to ratings downgrades to cultural revolutions.

Mercer has aligned its investment organization to meet changing client needs and to advise on challenging market conditions.

MassMutual Retirement Services Division has expanded its sales and client management organization. 

 State Street Global Advisors (SSgA) launched ETF Fact or Fiction, a website that provides individual investors with a resource for exchange traded fund (ETF) education.

USI Consulting Group announced it is now offering guaranteed lifetime retirement income solutions through Highland Capital Brokerage, Inc. 

The Internal Revenue Service has issued Revenue Ruling 2012-5 with the table of covered compensation for the 2012 plan year.

CBIZ, Inc. purchased the employee benefits and retirement book of business from Advantage Benefit Planning (ABP) of Pleasantville, New Jersey, effective December 30, 2011.

The Securities and Exchange Commission (SEC) issued two alerts for investors and firms on social media risks.

The Securities and Exchange Commission (SEC) charged an investment adviser for offering fictitious securities through social media websites.

Through a partnership, Mutual of Omaha’s retirement plans will be available to Securities America’s financial professionals nationwide.

The Principal Financial Group has entered a retirement plan sales alliance relationship with Edward Jones.

SPARK and The SPARK Institute were purchased from Robert Wuelfing and reorganized as a single non-profit, member-driven association.