News

Having a goal for retirement savings can cause participants to be more engaged in actively planning for their retirement, according to a survey from Diversified’s Retirement Research Council.

Putnam Investments has hired Michael Shamon and Daniel McDermott for senior positions in defined contribution sales and client relations.

J.P. Morgan Worldwide Securities Services has launched a cash allocation and rebalancing solution (CARS) that supports target-date funds, both custom and open architecture.

S&P Indices has launched the S&P CIVETS 60, a tradable index comprised of Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa stocks.

FTSE and Experts in Responsible Investment Solutions (EIRIS) announced the launch of the FTSE4Good ESG Ratings.

Women’s confidence in their ability to plan for retirement has reached a three-year high, with 69% of women rating their confidence level as good or very good, according...

Paychex, Inc., a provider of payroll, human resource, and benefits outsourcing solutions, has acquired ePlan Services, Inc., a provider of recordkeeping and administrative solutions to the defined contribution...

Goldman Sachs Asset Management launched the Goldman Sachs Brazil Equity Fund and the Goldman Sachs China Equity Fund on April 29, 2011.

Research from Strategic Insight, an Asset International company, found that 20 of the top 25 fastest growing fund firms had less than $5 billion in stock and bond...

The latest Charles Schwab Active Trader Sentiment Survey found that 72% of traders who are expecting a tax refund this year plan on investing at least some of...

Nationwide Financial Services announced enhancements to its variable annuity and variable life insurance products, including expanded investment options in the bond and large-cap growth categories.

It remains very difficult for investors or plan sponsors to tell if a target-date fund (TDF) is intended to be a “to” or “through” offering simply by looking...

Asset managers are just starting to observe how investors use target-date funds (TDFs) after reaching retirement.

Bull-market gains in 2010 helped target-date funds (TDFs) perform well, as compared with standard market benchmarks, according to Morningstar’s Target-Date Industry Survey.

Genworth Financial Wealth Management is introducing Genworth Portfolio Solutions (GPS), providing advisers with four asset allocation models.

Though employees are expected to take on more decision-making and financial responsibility for their employee benefits, employee education and communications have become a much lower priority for employers.

Newkirk has been acquired by DST Systems, Inc., a provider of technology and services to clients in financial services, health care and other industries. 

When asked to categorize a list of personal and financial concerns, 64% of survey respondents said “needing to save for retirement” is “highly important,” though eight other choices...

Rogerscasey announced that Hilary Wiek has joined the organization as a Director within the firm’s Alpha Investment Research Group, effective May 9, 2011.

Mohler, Nixon & Williams (MNW) have promoted senior managers Ryan Koch and Brad Wall to audit partners.