News

Cerulli Associates projects that in 2013, the wirehouse channel will remain the largest distribution channel, despite significant decline of assets under management (AUM) from 43% in 2010 to...

BrightScope formed a strategic partnership with Arkovi.

FiPath for Advisors, an online marketing solution for financial advisers, is partnering with Arkovi, a financial services social media solution for archiving, compliance and market intelligence.

New York Life Retirement Plan Services added two veteran sales executives.

Putnam Investments hired Charlotte Walsh and Greg Weissman as consultant relations professionals.

The majority of advisers perceive themselves as providing a level of service that merits the title of financial planner (59%), however, 56% fall into the investment planner category.

Vanguard launched the Vanguard Target Retirement 2060 Fund. 

Bobby Layne, the Hall of Fame quarterback for the Detroit Lions, once described the perfect plan for generating an income in retirement: “The secret to a happy life,”...

TopRetirements.com released its list of the 10 worst states to retire. 

Castle Rock Investment Company (CRIC) hired Molly Vogt Noyes as a consultant.

Lincoln Financial Group named Donna MacFarland chief marketing officer of its Retirement Plan Services business.

A paper suggests that lowering deferral limits to 401(k)-type plans wouldn’t make much dent in the U.S. budget deficit and could result in workers not saving.

Companies continue to shift away from stock options and other “appreciation” awards toward a greater emphasis on full-value awards in their equity compensation plans.

Kidder Benefits Consultants acquired Lane & Associates and created a new entity called Kidder-Lane Actuarial Services LLC.

The Taft-Hartley Services team of BMO Institutional Trust Services named both Scott A. Hockenberry and Tyler Clark as vice president/relationship manager.

EPIC Advisors Inc. hired Darouny Vongphachanh as a client service specialist.

The average total plan cost for a small 401(k) plan (100 participants) is 1.3%. 

A federal appellate court has found that a profit-sharing plan must pay back more than $1 million in assets wrongly transferred from a participant’s account, even thought it...

 Allianz Global Investors Capital (AGIC) is offering investors managed volatility investment strategies designed to lower expected portfolio risk while achieving above-benchmark returns. 

Reliance Trust Company’s Retirement Strategies Group appointed Danny Streiff to its national account sales position.