Law Firm Investigating Sale of Winn-Dixie Stores
Bull & Lifshitz, LLP, is investigating possible breaches of fiduciary duty in connection with the proposed sale of Winn-Dixie Stores, Inc., to BI-LO, LLC.
News
Adviser Confidence Rising, yet Market Worries Remain
The Advisor Confidence Index (ACI), a benchmark that gauges adviser views on the U.S. economy and stock market, ended the year on a slight decline from November to...
Sentinel Benefits Launches Mobile Solution for Participants
Sentinel Benefits & Financial Group (SBFG) released a tool for participants to use on personal mobile devices.
Suit Claims Delphi CEO Violated Fiduciary Duty With Tokio Buyout
The Pontiac General Employees Retirement System is suing Delphi Financial Group over its buyout of Tokio Marine.
Commonwealth Adds Financial Planning Software to Platform
Commonwealth Financial Network has formed a partnership with PIEtech, Inc., a software developer for financial advisers.
Pensionmark Gains Dallas-Based Advisory Firm
Rycon Financial Group of Dallas, Texas, has joined Pensionmark Retirement Group’s retirement plan advisory network.
House Passes Two-Month Renewal of Payroll Tax Cut
The U.S. House of Representatives passed a two-month renewal of the social security payroll tax cut Friday.
Five Members Appointed to 2012 ERISA Advisory Council
Secretary of Labor Hilda L. Solis made five appointments to the 2012 Advisory Council on Employee Welfare and Pension Benefit Plans.
IRS Extends Deadline for Opinion and Advisory Letter Applications
The Internal Revenue Service (IRS) has extended the application deadline for opinion and advisory letters for pre-approved defined contribution plan documents.
MassMutual Makes Leadership Appointments
MassMutual promoted three executives to senior vice president.
Most Say Bosses Are Like George from "It's a Wonderful Life"
Perhaps it's a good sign for the economy that Ebenezer Scrooge didn't make it in a top ten list of holiday movie characters reminiscent of bosses.
Court Allows Accused Killer to Use 401(k) Assets for Attorney
A Wisconsin man accused of murdering his wife will be able to hire an attorney using funds from his 401(k).
Nearly Half of Americans Feel Unprepared for Retirement
Forty-eight percent of Americans do not feel prepared for retirement.
BCG Acquires New Jersey TPA
Benefit Consultants Group (BCG) has purchased ARS Retirement Services, a retirement plan third party administration firm.
Greater Use of TDFs Keeping Workers' on Track
401(k) plan participants have adopted a more balanced approach to their portfolios, according to ICI and EBRI.
Mercer Paper Discusses Impact of Attention on Fees
Heightened scrutiny of retirement plan fees may impact how fees are charged and allocated to participants.
Dow Jones and UBS Securities Launch Index
Dow Jones Indexes and UBS Securities LLC launched the Dow Jones-UBS Commodity Index 2-4-6 Forward Blend.
AllianceBernstein Announces Management Changes
James A. Gingrich is the new chief operating officer, effective immediately.
Seeking Professional Financial Advice Not a Common Resolution
Despite widespread economic volatility in 2011, 80% of Americans in an Allianz Life survey said they will not focus on financial planning in their resolutions for 2012.
Fed Aims to Prevent Future Financial Collapses
The Federal Reserve Board proposed steps to strengthen regulation and supervision of large bank holding companies and systemically important nonbank financial firms.