News

Many of the more than 87 million Americans age 18-34, popularly known as “Gen Y” are in financial trouble, according to survey results just released by Western Union. 

The Profit Sharing/401k Council of America (PSCA) has unveiled its 2010 401(k) Day campaign with the theme of "401(k) Day... Taking You There."

CPI Qualified Plan Consultants, Inc. announced that David Jurczak has accepted the position of retirement plan consultant for Denver, Colorado. 

Exchange-traded fund (ETF) industry assets rose $50 billion for the month of July – up 6.5%, according to the State Street Global Advisors (SSgA) ETF Snapshot. 

State Street Global Advisors (SSgA) has been selected by Lincoln Financial Group to sub-advise variable life insurance and variable annuity investment options. 

Natixis Global Associates (NGA) has announced the appointment of Matt Coldren, executive vice president, to head its retirement strategy group. 

The Washington D.C. office of Lockton Companies has announced that Shelly H. Horwitz will join the firm as an account executive in the retirement and financial services area,...

The Principal Financial Group has announced a new TPA installation expense allowance program.

After nearing record deficits at the end of June, U.S. pension plan funded positions have recovered modestly during July thanks mostly to rising equity markets, according to Mercer. 

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will hold a free New York City workshop on September 1 about its Voluntary Fiduciary Correction Program (VFCP)....

BlackRock, Inc. released research findings on financial advisers' perceptions of and impact from the May 6th market event known as the “Flash Crash.”  

Half of employees (52%) believe they are behind in their retirement savings and a nearly equal number of workers (53%) are very concerned about outliving their retirement money,...

The number of participants in Fidelity Investments’-administered plans at tax-exempt organizations who sought in-person or phone guidance rose 12% in the first five months of 2010 over last...

A new Strategic Insight (SI) study of the trends for financial advisers after the economic downturn suggests many advisers are moving away from a traditional style box model...

Nataxis Global Associates has unveiled Natixis ASG Managed Futures Strategy Fund (AMFAX) to be managed by AlphaSimplex Group (ASG).  

Transamerica Retirement Services has promoted Jason Crane to senior vice president and national sales director. 

 M&I Institutional Trust Services (M&I) has appointed Janet L. Ehn as director of consultant and advisor relations.

 New York Life Insurance Company announced that Executive Vice President John Y. Kim, 49, will add the Chief Investment Officer post to his other duties at the end...

The median plan in the BNY Mellon U.S. Master Trust Universe posted a -4.87% return for the second quarter of 2010. 

 Global Thematic Partners (GTP), an independent investment management firm that focuses on worldwide thematic investments, has launched with approximately $9 billion in assets under management.