News

Callan Associates hired four investment consultants for its Alternatives, Fund Sponsor and Defined Contribution (DC) Consulting groups in San Francisco, Chicago, and Atlanta.

BPAS, a national provider of retirement plan services, has added Ryan Fay to its sales team.

Pacific Life Insurance Company has acquired JPMorgan Chase’s U.S. Pension Advisory Group, a business within the investment bank that is to be re-named Pacific Global Advisors (PGA).

Castle Rock Innovations, LLC has contracted with Morningstar, Inc. for data to power its flagship AXIS Retirement Plan Analytic Platform.

Plan leakage can significantly reduce the probability that low-wage-earning participants will successfully be able to replace enough of their income in retirement, even after 31-40 years of plan...

Fidelity Investments has named Derek L. Young as president of the company’s Asset Allocation Division.

While DCIO (Defined Contribution Investment-Only) assets continue to grow at a healthy pace, the industry is entering the early stages of maturity, according to a recently released study...

CBIZ, Inc. has signed an agreement to acquire Multiple Benefit Services, Inc. (MBS).

Benefit Consultants Group (BCG) is rolling out a new Web site, www.bcgbenefits.com. 

Janus Capital Group Inc. has launched the Janus Asia Equity Fund, which will be managed by Singapore-based Janus Portfolio Manager, Hiroshi Yoh.

Countries at an extremely early stage of development, such as Kenya, or markets that are relatively inaccessible, such as some Middle Eastern countries, are the focus of Cerulli’s...

I was late to the NetFlix game—switching over only when my local Blockbuster closed its doors.   

A court has found that a defined contribution plan amendment liquidating two investment options was invalid because the sponsor did not follow amendment procedures dictated by the plan.

Founders Financial Network, an independent, fee-only investment advisory firm and RIA, has selected Jovita Honor as its new partner.

A report from Financial Finesse argues that many employees are putting significantly more focus on retirement planning, having addressed their immediate financial concerns.

Stock and bond funds experienced net outflows of $487 million in June, according to data from Financial Research Corporation (FRC).

The process of selecting and monitoring investment options continues to be a priority for retirement plan sponsors, according to research from Aon Hewitt.

Automation has become standard in many defined contribution (DC) plans, according to a recent report from Aon Hewitt.

A survey from Aon Hewitt finds that defined contribution (DC) plans are now the primary retirement savings vehicle for the majority of workers, up substantially from 2009.

Irving H. Picard, the Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS), announced that he has reached a settlement with numerous feeder funds.