News

New York Life Retirement Plan Services has redesigned its plan sponsor and adviser Web site.

A study from the National Bureau of Economic Research (NBER) found that providing peer information increased retirement savings of non-unionized recipients but decreased savings of unionized recipients.

Natixis Global Asset Management (NGAM) has acquired a controlling interest in Darius Capital Partners.

The Internal Revenue Service has updated its list of entities approved to serve as nonbank trustees or custodians for certain tax-advantaged savings accounts.

Benefit Consultants Group (BCG) is hoping to increase its presence in the retirement plan marketplace with its new Partnership Program.

Summit Alliance Financial has partnered with Michael G. Goldstein and W. Garrett McDaniel, to form a new division, Summit Alliance Executive Benefits, LLC.

The Securities and Exchange Commission (SEC) wants to know what you think about the use of derivatives by mutual funds.

Two New York insurance agent and broker groups appealed a judge's decision upholding a state regulation that requires producers to disclose incentive compensation. 

Including a retirement plan provider’s affiliated funds as part of a plan’s investment lineup is not a fiduciary conflict of interest or prohibited transaction under ERISA, writes ERISA...

Seventy-eight percent of all retail advisers are presently using alternative investments within client portfolios, according to a recent report from Cogent Research.

Bank of America Merrill Lynch’s latest 401(k) Contribution Activities Scorecard shows that as of June 30, 2011, nearly 1.5 million participants are actively contributing to their 401(k) plans.

Morningstar, Inc. named William Harding, CFA, as Head of Manager Research for the Morningstar Investment Management division.

BNY Mellon announced Gerald L. Hassell, currently its president, has been appointed Chairman and Chief Executive Officer for the company, effective immediately. 

Longfellow Advisors, a Boston-based retirement plan consulting and advisory firm, has launched its Web site at www.longfellowadvisors.com.

Self Directed IRA Services, Inc. has implemented InnoTrust, Innovest Systems’ trust and wealth management platform.  

Janus Capital Group Inc. announced the launched of Janus Aspen Moderate Allocation Portfolio, which aims to provide investors with moderate growth through its investments in other Janus mutual...

A recent global survey reveals that employees from many different countries all play “hooky” from work to some extent.  

401(k) participants who invested in target-date funds (TDFs) overwhelmingly tend to stick with these investments over time, according the Employee Benefit Research Institute (EBRI).    

The U.S. Department of Labor has sued trustees of a benefit fund for violating the Employee Retirement Income Security Act (ERISA) regarding loans issued from the fund.

Acadian Asset Management Singapore announced Ho Yew Weng has joined the firm as Director of Institutional Sales, Asia-ex Japan.