News

Institutional investors are finding increasingly strategic uses for exchange-traded funds (ETFs), according to a study from Greenwich Associates.

 The Department of Labor filed a complaint against Matthew Hutcheson of Eagle, Idaho, an independent fiduciary and plan trustee, for a violation of the Employee Retirement Income Security...

 CPI Qualified Plan Consultants Inc. named Peter Wesner as the senior manager for the internal sales department.   

 Melinda Thomas joined Pensionmark Retirement Group at the firm’s new office in San Luis Obispo, California.     

 NFP Advisor Services Group published a study that tells advisers how to maximize the value of their practice across various time horizons in advance of succession.   

 The language advisers use is critical in reaching senior citizens to explain investment products, according to the research firm Hearts & Wallets.   

The Principal Financial Group created an online resource to help plan sponsors understand the new retirement plan disclosure regulations.  

Cohen & Steers released a white paper that discusses the merits of real assets—commodities, real estate and natural resources—in a defined contribution (DC) portfolio.

 LPL Financial launched the Rollover Results Program, a platform for retirement plan advisers, plan sponsors and plan participants.   

 Putnam Investments named eight additions to its retail distribution team, including the promotion of existing staffers.   

 The Board Institute Inc. introduced an evaluation and education tool in collaboration with fi360, CEFEX and Cambridge Fiduciary Services LLC.   

 Jefferson National increased its alternative investment offerings with a number of fund additions.  

Fiduciary Plan Governance LLC released a product to help assist with the burden and risk of new fee disclosure requirements.

 Northern Trust appointed Christopher A. Benson in its Denver office as a senior investment consultant.     

Many American workers find it appealing to have a guaranteed income in retirement—the younger the employee, the greater the attraction.

Mercer introduced “My Retirement Workshop,” an online retirement planning and education campaign for employees whose 401(k) plans it administers 

A workplace investor education program field tested in three states increased employee participation in workplace savings and investing programs, its creators claim.

 Target income replacement ratios should be higher than the 70% to 75% conventionally accepted as a rule of thumb, the Retirement Advisor Council contends.     

Recent fee disclosure guidance addresses some unanswered questions for 403(b) plans.

 Kevin Barry was named executive vice president of Fidelity Investments’ stock plan services business.