News

Pershing LLC, a BNY Mellon company, has enhanced its open-architecture platform with the additions of Comerica Bank & Trust, NA and New York Private Trust Company.   

The U.S. District Court for the Eastern District of Pennsylvania has found that two doctors who voluntarily terminated their employment from a hospital are not eligible for benefits...

Research from asset management firm American Century Investments indicates the use of alternative investment strategies by financial intermediaries is widespread and growing.  

The U. S. District Court for the Western District of North Carolina has approved a $12.35 million settlement in an ERISA fiduciary breach case against Wachovia.

Benefit Plans Administrative Services (BPAS) announced plans to acquire CAI Benefits, a provider of retirement plan administration, actuarial, flex, and benefit consulting services with offices in New York...

Merrill Lynch Wealth Management and Eurasia Group address investor concerns over the fragility of global markets in a new white paper and Webcast, titled, “The Great Global Shift:...

TIAA-CREF Life Insurance Company and M Financial Group announced an exclusive agreement to offer TIAA-CREF Life’s life insurance products to M Financial’s Member Firms and their clients. 

Merlin Securities announced that Rick Bensignor, a former Morgan Stanley strategist and behavioral economist, has joined the firm as Chief Market Strategist.

An investor relations report from BNY Mellon found companies worldwide are continuing to expand outreach to sovereign wealth funds (SWFs) and emerging markets (EMs). 

Blue Diamond Documents, a provider of self-directed IRA accounts, is introducing a Solo 401(k) plan for small-business owners. 

Invesco PowerShares Capital Management has expanded its partnership with Keefe, Bruyette & Woods, Inc. (KBW) to become the exclusive licensee of four KBW indexes. 

Natixis Global Associates (NGA) launched a risk-managed emerging markets mutual fund from AlphaSimplex Group (ASG).

PenChecks has introduced a debit card option for retirement plan distributions.

State Street Global Advisors (SSgA) announced changes to the indices and names of five financial industry SPDR exchange-traded funds (ETFs). 

Allianz Life Insurance Company of North America has launched a three-part animated series to help investors better understand annuities.

Integrated Retirement announced the addition of Jayne Fahlen as Vice President, Business Development. 

A Transamerica survey found that despite the pessimistic retirement outlook among many American workers, more than one in five (21%) expect to retire before age 65. 

USI Consulting Group announced that Kathleen Sebetka has joined the company as Vice President, Retirement Services.

Transamerica Retirement Services has introduced an ERISA Section 3(21) fiduciary service to help retirement plan advisers and sponsors mitigate investment fiduciary risk.

Alerus Retirement Solutions, a division of North Dakota-based Alerus Financial, has gone live with PlanServe’s Relevant Pension Portal.