Employer Cannot Use ERISA to Stop Deferred Compensation Benefits
An employer cannot use the Employee Retirement Income Security Act’s provisions to terminate benefit payments under a deferred compensation agreement.
News
Warner Norcross Initiates Blog Focused on New Developments
The attorneys and securities compliance consultants at Warner Norcross and Judd LLP, a Michigan law firm, started a blog for broker/dealers, advisers and private investment funds.
Advisers Say They Need Broader Education on Retirement Income Planning
A majority of advisers (93%) surveyed said they felt the need for more education on retirement income planning.
Great-West Launches Retirement Income Offering
Great-West Life & Annuity Insurance Company introduced a retirement income product that combines the traits of a mutual fund with a lifetime income guarantee.
Cambridge Teams with Fiduciary Benchmarks
Cambridge Investment Research Inc. selected Fiduciary Benchmarks to meet ERISA’s 408(b)2 disclosure regulations, slated to go into effect July 1.
Towers Watson Details Fairer Hedge Fund Fees
About a third of outperformance from skill should go to hedge fund managers in the form of fees, and the rest to the investor, a report says.
Fidelity Reports 8% Jump in Average 401(k) Balance
Fidelity Investments reported its average 401(k) balance rose to $74,600 at the end of the first quarter, up 8% from the end of the fourth quarter 2011.
BCG Partners With IPA Northeast
Benefit Consultants Group (BCG) will be assuming the daily valuation retirement plan clients from IPA Northeast (IPA).
ABG Wants Clarity for Advisers about Participant Fee Disclosure
Alliance Benefit Group (ABG) asked the Department of Labor to clarify certain aspects of the participant fee disclosure regulations that go into effect this summer.
Groups Seek Grace Period for Fee Disclosure Regulations
A coalition of organizations asked the Department of Labor (DOL) to institute a one-year transition period to comply with new fee disclosure regulations.
Aria Appoints Two to Senior Sales Positions
Aria Retirement Solutions announced Tyler Randall and Holly Onachilla joined the firm in senior sales positions.
Turn the Retirement Conversation to Boomers’ Personal Concerns
Boomers mostly ignore intangible digital assets when planning retirement, a report shows.
iPads Provide Benefits for Advisers
Many retirement plan advisers are joining the iPad craze and discovering opportunities for their business.
Study Shows Shift from DB to DC
Among benefits most directly related to economic security, employers with 50 or more employees are most likely (96%) to offer 401(k) or 403(b) retirement plans.
Castle Rock to Host 408(b)(2) Workshop
Castle Rock Investment Company is hosting a working lunch to discuss new fee disclosure rules.
Retirement Revolution Names Northeast Sales Leader
The recordkeeper and custodial service provider Retirement Revolution named Gary Crane business development officer for the northeast.
Prudential Annuities Adds New Funds to Investment Lineup
Prudential Annuities, the domestic annuity division of Prudential Financial Inc., announced two new asset-allocation options for its investment lineup.
Genworth Financial Names Chief Investment Officer
Daniel J. Sheehan IV has been named senior vice president and chief investment officer of Genworth Financial Inc., effective April 30.
Bipartisan Bill Seeks Expanded Oversight of Advisers
The House Financial Services Committee introduced legislation that would authorize one or more self-regulatory organizations (SROs) for advisers.
Ford Offers Lump Sums to De-Risk Pension
Ford Motor Company announced it will offer approximately 90,000 eligible U.S. salaried retirees and former employees the option to receive a voluntary lump-sum pension payment.