News

Consulting Firm Charged with Ponzi Scheme

A Jacksonville, Florida, retirement-benefits consulting firm is facing charges it defrauded government employees through an alleged Ponzi scheme, according to the Securities and Exchange Commission.

Firms Unveil New Index Series

Russell Investments and Research Affiliates have agreed to launch a new index series based on the Fundamental Index methodology.  

Obama Signs Pension Relief

President Obama has signed into law legislation providing pension funding relief for multi-employer and single employer defined benefit plans.

Payden Funds Added to CPI Platform

CPI, a third-party recordkeeping and administration company, has added the Payden family of mutual funds to the firm’s retirement plan platform.  

Vanguard to Expand Index Offerings

Vanguard announced plans to expand its index fund family, introducing 19 new funds with ETF Shares to provide investors with additional low-cost stock and bond choices.