News
Transamerica Teams with AllianceBernstein to Launch Dynamic Allocation Fund
Transamerica Asset Management Group says it will offer the Transamerica AllianceBernstein Dynamic Allocation VP fund.
RPAG Adds MPI’s Stylus Web to Scorecards
Retirement Plan Advisory Group (RPAG) has partnered with investment research and technology provider Markov Processes International (MPI) to enhance RPAG’s Scorecard System Generator.
BofA May Unload BlackRock Stake
Bank of America Corp. (BofA) may be divesting itself of its 34% share of BlackRock Inc., according to published reports.
Participant Transfers in July Remain Fixed Income Oriented
Despite the market rally, the direction of the total transfers in July remained fixed income-oriented, according to the results of the Hewitt 401(k) Index.
Regs Exempting Plan Loans from Disclosure Requirements in Effect
New Federal Reserve regulations exempting most plan loans from federal Truth in Lending Act (TILA) disclosure requirements became effective in July.
IRS Replaces Form 5500 Schedule SSA
Beginning with returns for the 2009 plan year, the Schedule SSA has been eliminated as a schedule of the Form 5500 annual return/report and is replaced with Form...
Managed Account Asset Diversity Means Rise in ETF Use
A new Cerulli Associates report asserts that exchange-traded funds (ETFs) will gain an even stronger market foothold because of increased adviser-driven demand for asset diversity and flexibility in...
The Principal Introduces New Exit Planning Tools
With a new suite of tools and support from The Principal Financial Group, financial advisers can help business owners develop sound business exit or succession plans.
IMHO: “Mandatory” Sentences
We have long lamented the reality that only about half of this nation’s workers have access to some kind of workplace-based retirement vehicle, and with...
Regulators Update Best Practices About Serving Senior Investors
The Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), and North American Securities Administrators Association (NASAA) have outlined practices used by financial services firms to strengthen...
KeyCorp Stock Drop Case Dismissed
A stock drop lawsuit has been dismissed, according to plaintiffs’ attorneys.
Driscoll Appointed as Senior Consultant at MHK Group
Michael Driscoll has joined the MHK Group, a National Retirement Partners member firm, at its Milwaukee, Wisconsin office.
John Hancock Beefs Up Its Western Division
John Hancock Retirement Plan Services (RPS) has hired two regional vice presidents (RVPs) in its Western Division.
Court OKs $16.5M Caterpillar 401(k) Fee Pact
A federal judge has given final approval to a $16.5-million settlement of an excessive 401(k) fee suit against Caterpillar, Inc.
Chubb, Law Firm Team up for ERISA Guide
An Employee Retirement Income Security Act (ERISA) law firm and an insurer have teamed up to prepare a guide about ERISA’s fiduciary liability provisions and how fiduciary insurance...