News

BCG Bankruptcy Retirement Plan Services and Millennium Trust Company have teamed up to offer rollover and termination services for retirement plans of bankrupt employers.

Dmitri Stockton has been named President and CEO of GE Asset Management Incorporated (GEAM).

Mercer has appointed Dallas-based consultant Julie Humphries as the Global Defined Contribution (DC) Consulting Leader.

The Profit Sharing/401k Council of America (PSCA) is offering the Hueler Income Solutions platform to its plan sponsor member companies.

Asset manager Van Eck Global launched what it says is the first exchange-traded fund (ETF) designed to give investors pure-play exposure to Europe’s largest economy.

CPI Qualified Plan Consultants, Inc., added the Westcore Funds family of mutual funds to its retirement plan platform.

Nearly two-thirds (62%) of advisers say their greatest pitfall in communicating with clients is lack of frequency, according to an SEI Advisor Network poll.   

FundQuest, a provider of wealth management solutions and investment research, has introduced the ActivePassive Portfolio Console.

Securian Retirement added six American Funds to separate account investment options through its qualified retirement plans.

A newly privatized third-party administrator (TPA) has completed the implementation of a technology platform and administrative business model in its nation-wide network.   

Stock and bond fund inflows were $31.9 billion, while equities posted net inflows of $17.7 billion, according to Financial Research Corporation (FRC) data. 

Columbia Management launched two open-end mutual funds: the Columbia Absolute Return Multi-Strategy Fund and the Columbia Absolute Return Enhanced Multi-Strategy Fund.

American International Group (AIG) must face claims by some current and former employees that their retirement funds were invested too heavily in company stock, Bloomberg is reporting.

Goldman Sachs Asset Management unveiled the Goldman Sachs High Yield Floating Rate Fund. 

U.S. Real Estate Investment Trusts (REITs) continued to outperform the broader equity market in the first quarter of 2011, according to NAREIT.

A study by the ING Retirement Research Institute found less than half of respondents (48%) indicated that they feel “in control” of their retirement plan investments.

A federal judge in Colorado rejected an employer’s request that its lawyers' fees be paid for by participants who lost their case.

The presumption of prudence was not enough to dismiss claims a company breached its Employee Retirement Income Security Act (ERISA) fiduciary duties by offering company stock.

John Hancock’s practice management platform, Build4Success, will now include a third-party valuation and coaching services for its top 250 advisers.

Management interest in social media is high at asset management firms, yet commitment to formulating a strategy and providing resources remains low, according to a kasina report.