News

John Hancock Mutual Funds is releasing three new equity funds that are managed by the U.S. Core Value Equity team at John Hancock Asset Management.

TIAA-CREF has made two hires in its Asset Management sales business.

The Principal Financial Group announced that its third party administrator (TPA) installation expense allowance program will now run through the end of 2011.

I’ve long adhered to the wisdom of having a “Plan B,” a fallback position if the things you hope will work out—don’t.   

The American Society of Pension Professionals and Actuaries (ASPPA) submitted a letter to the Internal Revenue Service (IRS) suggesting improvements for submitting pre-approved defined contribution plans.

Mark Warmoth created two corporations since 1988, which manufactured nothing except tax-saving retirement plans for their founder, according to the U.S. Tax Court. 

Guggenheim Funds Distributors, Inc. has expanded its international exchange-traded fund (ETF) suite with the Guggenheim ABC High Dividend ETF.

Specialty insurance brokerage firm, Alliant Insurance Services, hired Michael F. Foy to be Vice President for the company’s national retirement services group, Alliant Retirement Services.

In a letter to the Department of Labor (DoL), the SPARK Institute expressed its support for the proposed extension of the applicability dates for fiduciary-level and participant-level 408(b)(2)...

A judge this week dismissed a case alleging that because brokers are being paid for investment advice by 12(b)-1 fees, they should also be registered as investment advisers. 

The Pension Rights Center, a nonprofit consumer rights organization, believes that current safe harbor rules balance the interests of participants and beneficiaries, and the interests of efficient plan...

Secretary of Labor Hilda Solis filed an amicus brief with the U.S. Court of Appeals for the Fourth Circuit asking for a rehearing and reversal in the McCravy...

DST Retirement Solutions has hired Ian Sheridan as division vice president to implement its new Retirement Income Information Clearing & Calculation (RICC) offering.

Trisha Brambley has joined New Jersey-based Portfolio Evaluations, Inc. (PEI).

A federal judge is likely to approve a $32 million settlement against Wells Fargo & Co. in a suit brought by female financial advisers who claim they were...

Lord, Abbett & Co. and Wilshire Associates announced the joint release of Pro Active Income Solutions, portfolios designed to deliver targeted income through an active overlay. 

Roberta Eckert and Michael Agan are the newest Wealth Management Consultants on the Fee-Based Distribution team for Allianz Life.  

Morningstar, Inc. announced plans for a global fund ratings system and a uniform approach for global fund research reports.

Mutual of Omaha Retirement Plans Division announced a strategic alliance with Triad Advisors Inc. to help support the sale of its retirement plan solutions.

MetLife is expanding its workplace financial and retirement educational programs with a series of workshops covering an array of financial topics, known as PlanSmart.