GIAC Offers Managed Account QDIA

The Guardian Insurance&Annuity Company, Inc. (GIAC) has announced it is now offering plan sponsors a managed account as a qualified default investment alternative (QDIA).

Claymore Announces New International ETFs

Claymore Securities, Inc. has announced the launch of two new exchange-traded funds (ETFs), the Claymore/Zacks Country Rotation ETF (CRO) and the Claymore/Zacks International Yield Hog Index ETF (HGI).

John Hancock to Offer 401(k) Rollover Option

John Hancock retirement plan participants will soon be able to use an option that allows them to roll their 401(k) account balances over from an employer-sponsored plan to another retirement account.

CIEBA Updates DC Fee Disclosure Best Practices

The Committee on Investment of Employee Benefit Assets of the Association for Financial Professionals (CIEBA) has released an updated version of its primer, “Defined Contribution Fee Disclosure Best Practices.”

MainStay Launching Target Date Funds

New York Life Investment Management (NYLIM) has announced the creation of the MainStay Retirement Funds, a series of funds for target retirement dates of 2010, 2020, 2030, 2040, and 2050.

State Street Offers BRIC ETF

State Street Global Advisors has announced the launch of the SPDR S&P BRIC 40 ETF (exchange-traded fund), giving investors access to companies in Brazil, Russia, India and China.