News
Transamerica “Unlocks” Social Security
A new education program from Transamerica gives advisers non-product specific guidance to help them educate their clients about Social Security, according to a recent announcement.
UBS Revives Adviser Training Program
UBS AG’s U.S. wealth management arm is hosting its first broker training class in two years, another sign that firms are seeking new ways to expand their recruiting...
McColgan Joins Primerica Board of Directors
Ellyn McColgan, the former head of wealth management at Morgan Stanley, has joined the board of financial services firm Primerica Inc., according to a recent announcement.
Fidelity Finds Q2 Uptick in 401(k) Withdrawals
A new analysis finds indicates that while many 401(k) participants continue to stay the course, they’re also pulling more money out of those plans.
O’Connor Moves to MSSB
Ed O’Connor has joined Morgan Stanley Smith Barney as managing director and the head of Retirement Services.
J.P. Morgan: Retirement Income is Key
J.P. Morgan Retirement Plan Services says ‘income replacement’ is a key metric of success plan sponsors should be using to evaluating total retirement service.
U.S. Retirement Partners Adds to 403(b) Network
U.S. Retirement Partners (USRP) has acquired United Specialty Benefits (USB), which will be part of USRP’s national network that provides 403(b) retirement benefits and other services to the...
Nationwide Announces Retirement Income Team Leader
Nationwide Financial Services, Inc. announced that Kevin McGarry will serve as director, retirement income strategies, for the company.
Hindenburg Omen Flares Up
You may have heard about the Super Bowl Indicator, and the “January Effect”, but another stock market indicator has resurfaced with ominous portents.
Stable Value Consultants Open for Business
Chris Tobe has started a niche consulting firm that works primarily on stable value.
Law Firm Investigates Potential ERISA Violations by GlaxoSmithKline
Holzer Holzer & Fistel, LLC is investigating potential violations of the Employee Retirement Income Security Act (ERISA) by GlaxoSmithKline plc.
NJ Hit with Fraud Charges for Pension Funding Disclosure Failures
In the first such action of its kind, the U.S. Securities and Exchange Commission (SEC) charged the state of New Jersey with securities fraud for not properly disclosing...
Merrill Lynch Fined for UIT Discount Failures
The Financial Industry Regulatory Authority (FINRA) has fined Merrill Lynch $500,000 for failing to provide sales charge discounts to customers of eligible purchases of Unit Investment Trusts (UITs).
Vanguard Launches 2055 Target-Date Offering
The Vanguard Group has unveiled the Vanguard Target Retirement 2055 Fund, for investors 18 to 22 years old.
Beloit College Releases “Mindset List” for the Class of 2014
Since August 1998, Beloit College's annual warning against dated references has reviewed the cultural milestones of a new college class.