News

David Weinberger has joined Pacific Alternative Asset Management Company, LLC (PAAMCO) as managing director, head of portfolio management.

Milliman, Inc’s latest Pension Funding Index shows that in December, pensions experienced a $59.7 billion decrease in pension funded status.

Ameritas Life Insurance Corp. acquired BNL Financial Corp. officially on December 31, 2011.  

The year 2011 was packed with market surprises from natural disasters to ratings downgrades to cultural revolutions.

Mercer has aligned its investment organization to meet changing client needs and to advise on challenging market conditions.

MassMutual Retirement Services Division has expanded its sales and client management organization. 

 State Street Global Advisors (SSgA) launched ETF Fact or Fiction, a website that provides individual investors with a resource for exchange traded fund (ETF) education.

USI Consulting Group announced it is now offering guaranteed lifetime retirement income solutions through Highland Capital Brokerage, Inc. 

The Internal Revenue Service has issued Revenue Ruling 2012-5 with the table of covered compensation for the 2012 plan year.

CBIZ, Inc. purchased the employee benefits and retirement book of business from Advantage Benefit Planning (ABP) of Pleasantville, New Jersey, effective December 30, 2011.

The Securities and Exchange Commission (SEC) issued two alerts for investors and firms on social media risks.

The Securities and Exchange Commission (SEC) charged an investment adviser for offering fictitious securities through social media websites.

Through a partnership, Mutual of Omaha’s retirement plans will be available to Securities America’s financial professionals nationwide.

The Principal Financial Group has entered a retirement plan sales alliance relationship with Edward Jones.

SPARK and The SPARK Institute were purchased from Robert Wuelfing and reorganized as a single non-profit, member-driven association.

 Granite Investment Advisors introduced The Granite Value Fund, an actively managed equity value fund.

A North Carolina man was arrested after police say he tried to use a fake million-dollar bill to buy $476 worth of Walmart items.

The Internal Revenue Service opened the 2012 tax filing season by announcing that taxpayers have until April 17 to file their tax returns.

The Plan Sponsor Council of America (PSCA) debuted a new website and education opportunities for members. 

ExpertPlan was selected by First Allied to provide recordkeeping services for its clients.