Asleep at the Wheel
Pilots and train operators are more likely to report sleep-related job performance and safety problems, according to a poll.
News
Callan Names VP of Fund Sponsor Consulting
Benjamin B. Taylor joined Callan’s Fund Sponsor Consulting practice as vice president.
Economic Climate Affects Contributions to IRAs
The current economic climate has affected the way in which nearly half (49%) of Americans are approaching contributions to their individual retirement accounts (IRA).
Written Financial Plan for Retirement Boosts Confidence
Fifty-eight percent of investors say they have “little” to “no” control over their ability to build retirement savings.
Fewer U.S. Workers Making IRA Contributions
The percentage of U.S. workers who make annual individual retirement account (IRA) contributions has dropped to a record low of 15%, according to a recent survey commissioned by...
Lifecycle Assets See Growth in 2011
The lifecycle investment product market increased to $842 billion as of year-end 2011, reports Strategic Insight (SI), an Asset International company.
Settlement Entered in Kraft Excessive Fees Case
Kraft Foods Global agreed to pay $9.5 million to settle a lawsuit over excessive fees for its 401(k) plan investments.
The Principal Selects Social Media Monitoring Platform
The Principal Financial Group chose Actiance’s platform, called Socialite, to help meet regulatory requirements that allow the firm’s financial professionals to use social media for business purposes.
Milliman Sees Pension Funding Improvement
In February, corporate pension plans experienced a $20 billion improvement in funding, according to Milliman's Pension Funding Index.
EBSA to Host VFCP Advanced Workshop
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) is hosting a voluntary fiduciary correction program (VFCP) advanced workshop.
Mercer Makes Leadership Appointments
Mercer announced key leadership appointments to the structure of its U.S. Region.
Morningstar Enhances Website
Morningstar Inc. launched an alternative investments center as part of several enhancements to MorningstarAdvisor.com.
J.P. Morgan Appoints Managing Director
J.P. Morgan Asset Management hired Richard Gray as managing director and institutional client adviser.
IRS Addresses Agreements to Rehire Retirees
The Internal Revenue Service (IRS) issued a private letter ruling concluding that defined benefit (DB) plan participants who stop working for their employer with the explicit expectation of...
J.P. Morgan Proposes Strategy for Managing DB Sponsor Risk
The funding position of a defined benefit (DB) pension plan is often linked closely to the performance of the sponsoring company’s business, J.P. Morgan Asset Management noted in...
M&I Launches Planning Tool for 401(k) Participants
M&I Institutional Trust Services (M&I) introduced RightTrack, a suite of education and advice tools for 401(k) plan participants.
JHFN Launches Adviser Training Program
John Hancock Financial Network’s (JHFN) adviser support team launched customized adviser 401(k) sales training.
Matrix Financial Expands Mutual Fund Trading Platform
Matrix Financial Solutions is expanding its core mutual fund trading platform, offering advanced plan proposal and management features for financial advisers.
Retirement Planning a Hot Topic for Employees in 2011
Retirement planning was by far the most popular financial topic among employees in 2011, according to an analysis by Financial Finesse.
State Street Appoints Senior VP
State Street Corporation appointed Dick Taggart to senior vice president and head of Middle Office Outsourcing Operations across North America for the company’s Investment Manager Services business.