News

U.S. mutual fund investors added about $24 billion in net new cash to U.S. stock and bond mutual funds in May 2011, according to data from Strategic Insight,...

The National Registry for Unclaimed Retirement Benefits (NRURB) is designed to support fiduciaries and custodians holding retirement benefits that have been left in the plan, unclaimed by missing...

U.S. Senator Ben Cardin (D-Maryland), a member of the Senate Finance Committee, has written a letter urging the Social Security Administration (SSA) to continue the production and mailing...

Russell Investments has posted its official lists of companies that are set to join or leave the broad-market Russell 3000 Index when its indexes are reconstituted on June...

The U.S. Supreme Court has ruled that Janus Capital Group and a subsidiary cannot be held liable in a lawsuit by shareholders over allegedly false statements in prospectuses...

Russell Investments hired Matthew Teevan as a defined contribution (DC) specialist for the firm’s U.S. adviser-sold business.

ING’s U.S. Retirement Services business will be offering ESG Managers Portfolios to participants in many ING-administered defined contribution (DC) retirement plans.

Neuberger Berman Group LLC launched the Neuberger Berman Global Allocation Fund, which is the firm’s first global portfolio with broad investment latitude and an emphasis on risk management...

Equinox Fund Management, LLC, a sponsor of alternative investment funds, released the Equinox Commodity Strategy Fund.

John Hancock Mutual Funds is releasing three new equity funds that are managed by the U.S. Core Value Equity team at John Hancock Asset Management.

TIAA-CREF has made two hires in its Asset Management sales business.

The Principal Financial Group announced that its third party administrator (TPA) installation expense allowance program will now run through the end of 2011.

I’ve long adhered to the wisdom of having a “Plan B,” a fallback position if the things you hope will work out—don’t.   

The American Society of Pension Professionals and Actuaries (ASPPA) submitted a letter to the Internal Revenue Service (IRS) suggesting improvements for submitting pre-approved defined contribution plans.

Mark Warmoth created two corporations since 1988, which manufactured nothing except tax-saving retirement plans for their founder, according to the U.S. Tax Court. 

Guggenheim Funds Distributors, Inc. has expanded its international exchange-traded fund (ETF) suite with the Guggenheim ABC High Dividend ETF.

Specialty insurance brokerage firm, Alliant Insurance Services, hired Michael F. Foy to be Vice President for the company’s national retirement services group, Alliant Retirement Services.

In a letter to the Department of Labor (DoL), the SPARK Institute expressed its support for the proposed extension of the applicability dates for fiduciary-level and participant-level 408(b)(2)...

A judge this week dismissed a case alleging that because brokers are being paid for investment advice by 12(b)-1 fees, they should also be registered as investment advisers. 

The Pension Rights Center, a nonprofit consumer rights organization, believes that current safe harbor rules balance the interests of participants and beneficiaries, and the interests of efficient plan...