News
Study Says Committee Styles Mirror Members
The vast majority of investment committee members surveyed said they prefer a democratic approach.
Borzi Provides an Update of Proposed Regulations
There are still changes to be made to 408(b)(2), said Assistant Secretary of Labor Phyllis Borzi, speaking last week.
Appellate Court Denies Rehearing of Kraft Fee Suit
The 7th U.S. Circuit Court of Appeals has denied a petition to rehear a case alleging Kraft Foods breached its fiduciary duties under the Employee Retirement Income Security...
Retirement Plan Tax Benefits Decreased Household Stock Ownership
Household stock ownership has decreased, as the tax benefits associated with owning stocks inside a pension plan increase, according to a study from the Stanford Graduate School of...
Lifetime Income Options Scheduled for Review by IRS
Proposed regulations for lifetime income options are under review at the Internal Revenue Service.
Foundations, Charities Returns Remain in Double Digits
Investment returns were in the range of 12% in FY2010 – the second consecutive year of double-digit returns and a welcome offset to the 26% portfolio decline experienced...
Investors Put Trust Back in Equities
Globally, year-to-date cash contributions to equity and mixed funds through April 2011 surpassed fixed income for the first time since the financial crisis.
Consultant Launches Investment Advisory Firm
Employee Benefit Solutions, a human capital consulting firm, has established Ascende Wealth Advisers (AWA), a wholly-owned subsidiary registered with the Securities and Exchange Commission.
403(b) Plans Year to Year
The results of the 2010 and 2011 403(b) Plan Surveys from the Profit Sharing/401k Council of America (PSCA) reveal some interesting differences.
FRC Announces New President
Financial Research Corporation (FRC) announced that Robert J. Jenkins has joined the firm as President.
Mercer to Acquire Portions of Evaluation Associates
Mercer Investment Consulting, Inc. has signed an agreement with Milliman, Inc., to acquire portions of its wholly-owned investment consulting subsidiary, Evaluation Associates LLC.
RPAG Adds ERISA Specialist to Consulting Team
Jason Jeskey, a former practicing Employee Retirement Income Security Act (ERISA) attorney, has joined the Retirement Plan Advisory Group (RPAG) as a Senior Plan Consultant and ERISA Specialist.
American Century Introduces Provider Overview Program
American Century Investments developed its Retirement Service Provider Overview (RSPO) Program to help plan providers and advisers working with plan sponsors collect and document information.
SPARK Seeking Comments on Lifetime Income Data Standards
The SPARK Institute is accepting requests from the retirement plan community for possible changes to its lifetime income solutions data standards.
Pre-Retirees Open to Retirement Income Products
Fifty-five percent of Americans planning to retire in the next seven years are confident in their ability to generate a suitable retirement income, according to a recent Cogent...
The Mather Group Leaves Morgan Stanley
The Mather Group, a group of retirement investment advisers (RIAs) led by Stewart Mather, has left Morgan Stanley and opened an independent office in Chicago.
Follow Your Passion…Or Not
Those entering college desiring to give something back to the community, by majoring in Human Services and Community Organizations, might not be getting much back in their wallets.
NFL Team Halts 401(k) Plan Contributions
The Buffalo Bills have stopped paying into the 401(k) plan for employees during the NFL lockout and potentially the rest of the year.
UBS Offers New Exchange-Traded Note
UBS Investment Bank has expanded its ETRACS Exchange-Traded Notes (ETNs) platform with the 2xLeveraged Long Wells Fargo Business Development Company Index.