Seeking Professional Financial Advice Not a Common Resolution
Despite widespread economic volatility in 2011, 80% of Americans in an Allianz Life survey said they will not focus on financial planning in their resolutions for 2012.
News
Fed Aims to Prevent Future Financial Collapses
The Federal Reserve Board proposed steps to strengthen regulation and supervision of large bank holding companies and systemically important nonbank financial firms.
CBIZ Expands Actuarial and Retirement Business
CBIZ, Inc. has acquired the actuarial and retirement plan consulting business of PSA Insurance and Financial Services.
Increase Retirement Savings on the List of New Year’s Resolutions
Most U.S. adults have at least one financial New Year's resolution.
MFS Hires DC Specialists
MFS Investment Management has hired Peter J. Barron and Murray A. Cleaner to the defined contribution investments (DCI) team as DCI specialists.
Social Media Better Suited for Communication, Not New Business
Advisers are seeing limited or diminished returns from their use of social media, but most have unrealistic expectations or fail to use it correctly.
Integrated Web-Based Platform Comes to Market
eMoney Advisor and Brinker Capital are rolling out an integrated platform for financial professionals.
Study Says 401(k) Plans Undermine Government Efforts
New research shows that economic recovery is being impeded by market-based retirement plans, such as 401(k)s.
John Hancock Funds Adds to Institutional Sales Team
John Hancock Funds hired Kevin Hogan to be managing director.
Two Associations Request Fee Disclosure Extension
ASPPA and the Council of Independent Recordkeepers (ClkR) released a statement responding to the DoL delay of the 408(b)(2) final regulation.
Advance Copies of 2011 Form 5500 Released
The Department of Labor has released informational copies of the 2011 Form 5500 annual report.
Principal Opens Resource Center for Compliance Guidance
The Principal Financial Group has created an ERISA 404(a) Participant Disclosure Regulation Resource Center.
Generations X and Y Saving More for Retirement than Boomers
Generations X and Y have embraced the concept of self-directed retirement savings more so than their parents and grandparents.
Americans Split on 2012 Financial Outlook
Eighteen percent of Americans say planning for retirement is an area they want to work on in 2012.
SPARK Institute and ICI Release Investment Terms Glossary
A “Sample Glossary of Investment-Related Terms for Disclosures to Retirement Plan Participants” is available to help plan sponsors comply with new Department of Labor fee-disclosure regulations.
Russell Develops System for Improved Plan Design
Russell Investment’s Retirement Plan Architecture System takes a three-pronged approach to retirement plans: selling, implementing and servicing plans.
Freedom One Expands 401(k) Sales Team
Freedom One Financial Group added Joshua Mietelski, Casey Progodzinski and Eric Thompson to its team of sales consultants.
Trustee May be Liable for Denial of Benefits to Ex-Spouse
A federal court found the owner of a business, as trustee to its retirement plan, may be held liable for a breach of fiduciary duty related to a...
Senate Passes Short-Term Extension of Payroll Tax Cut
The U.S. Senate passed legislation Saturday extending a Social Security payroll tax cut and jobless benefits for just two months.