News

 Several Morningstar divisions sent a letter to the Securities and Exchange Commission (SEC) urging the regulator to require target-date series to provide more details on the investments.

The Segal Company has promoted Diane Gleave to New York regional manager.

MetLife announced broader availability and enhancements to its multiproduct, multichannel M-Powered Enrollment program.

Multi-employer pension plans are still facing formidable funding challenges, according to Segal’s latest zone-status survey.

Barclays PLC announced it would sell its entire holding in BlackRock Inc. via a registered offering and a $1 billion buyback by BlackRock.

Two companies settled lawsuits with the Department of Labor (DOL), agreeing to restore retirement assets to participants.

Jeffrey C. Boucek joined Segal RogersCasey’s Atlanta office as senior vice president.

Combining 401(k) plan features including automatic enrollment, automatic increase and personalized saving/investing advice can significantly increase employee participation rates.

SunTrust Banks Inc. launched SunTrust Retirement Income Navigator, which lets its advisers help clients maximize retirement income while drawing down assets for tax advantages.   

Most defined contribution (DC) plan participants lack a written financial or retirement plan and don't seek an adviser's help.

Nevin Adams has been named director of the American Savings Education Council.

DCAdvisors has appointed John Rowe to its client consulting group and leadership team. 

The Department of Labor’s Employee Benefits Security Administration made a technical correction to the recently released Field Assistance Bulletin No. 2012-02.

 Tamarac, a division of Envestnet Inc., will participate in Schwab Intelligent Integration, according to Schwab Advisor Services.   

Some retirement plan sponsors mistakenly believe their fiduciary liability ended when the company doors closed.

The U.S. Chamber of Commerce released a white paper offering guidelines on initiatives to bolster the voluntary employment-based retirement benefits system and retirement security for workers.

ERP Actuaries & Consultants hired Bill Radonavitch as director of new business development.

 Michael Doshier joined Franklin Templeton Investments as vice president of retirement marketing, a new position.   

Protecting retirement assets from risk is the most important concern for Americans of every age, according to Charles Schwab’s quarterly Retirement Pulse Survey.

 Pulse Logic introduced a benchmarking tool to help plan advisers assess the services they provide and what fees are appropriate.