News

Achaean Financial released two products for advisers and investors, Retirement Outcome and Income Plus+.

Prudential Investments introduced the Prudential Jennison International Opportunities Fund.

 Prudential Investments introduced the Prudential Jennison International Opportunities Fund.

 ING Investment Management U.S. has rounded out the firm’s defined contribution investment only (DCIO) business team with a number of recent hires. 

Dave McLeod was promoted to senior vice president of product management at Great-West Life and Annuity Insurance Co. 

Small changes to a company’s 401(k) plan—including decreasing the eligibility waiting period or increasing the match—could encourage employees to set the bar higher.

Pension plan funding gains in the first quarter were wiped out in April and May, according to a report from Mercer. 

 Stable value funds continued to significantly outperform money market funds, according to a survey from the Stable Value Investment Association (SVIA).   

 Frederick Bailey was promoted to head of Citigroup Inc.’s North America consultant relations division.  

The Government Accountability Office (GAO) pointed out that oversight of the Financial Industry Regulatory Authority (FINRA) by the Securities and Exchange Commission (SEC) has been mixed.

J.P. Morgan Retirement Plan Services has named Bill McDermott head of Sales and Client Solutions, a newly created position. 

 The Department of Labor’s Employee Benefits Security Administration (EBSA) has announced more workshops for retirement plan fiduciaries. 

The American Benefits Council welcomes proposed regulations to Internal Revenue Code Section 417(e), on the treatment of benefits paid partially as an annuity and partially in another form...

The American Society of Pension Professionals & Actuaries (ASPPA) has asked for additional guidance concerning Roth 401(k) accounts.

The American Society of Pension Professionals & Actuaries (ASPPA) is challenging the assumptions behind a report about retirement plan fees.

LGBT (lesbian, gay, bisexual and transgender) non-retirees reported confidence in retirement savings as well as a need for specialized advice, a survey found.   

A Los Angeles law firm has begun an investigation into the Chesapeake Energy Corporation Savings and Incentive Stock Bonus Plan.

Arthur Georgantas joined New York Life Retirement Plan Services as vice president and senior relationship manager in the Taft-Hartley market.

Thomas Idzorek was promoted to president of Morningstar’s Global Investment Management Division. 

Health care spending in the U.S. is expected to grow at a historically low rate of 7.5% next year.