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Corporate Pension Funding Rises for Second Month
According to BNY Mellon, the funded status of U.S. corporate pensions increased for the second straight month to 75%, the first two-month winning streak since February.
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Winning Ways: 2012 Retirement Plan Adviser Survey
Advisers pick their favorite providers in our 2012 Retirement Plan Adviser Survey
Pessimism Has Investors Making Action Plans
High-net-worth investors anticipate tax increases next year and are scouting a variety of opportunities for returns, according to a Fidelity survey.
Symetra Adds Three Wholesalers to Sales Team
Bob Carlson, Richard Shearer and Paul Villanova have joined the registered investments external wholesaling team at Symetra Life Insurance Co. in the Midwest and Southeast.
Book Aims to Help Plan Sponsors With Retirement Education
A book was written to help plan sponsors educate workers about how to generate lifetime income in retirement.
Pension Funding Gains Modestly in September
The aggregate deficit in pension plans sponsored by S&P 1500 companies decreased $38 billion during September, to $593 billion, according to figures from Mercer.
Plan Trustees Sentenced for Embezzling From 401(k)
Trustees of the Irotas Manufacturing Co. Inc. 401(k) plan have been sentenced for embezzling $487,000 from the plan, and have been ordered to pay restitution.
PANC 2012: The Future for Fiduciary Advisers
The Department of Labor’s (DOL’s) re-proposal of the definition of fiduciary is another indication that fiduciary responsibilities are increasing, and broker/dealers in particular could be impacted.
OppenheimerFunds Expands Class I Shares Fund Lineup
With the expansion of its Class I Shares lineup to 21 funds, OppenheimerFunds aims to provide greater transparency into defined contribution (DC) plan fees.
Attalus Names Silva Senior Portfolio Strategist
Joshua Silva was hired as senior portfolio strategist by Attalus Capital LP.
Four Portfolios Beef Up LPL Platform
LPL Financial LLC added two portfolios from LPL Financial Research and two managed alternative investment portfolios from Fortigent to its Model Wealth Portfolios (MWP) platform.
Institutional Investors Say Alternatives Are Essential
Three in four U.S. institutional investors (74%) have changed their approach to risk management over the past five years.
Lack of Records Shifts Burden of Proof to Plan Sponsor
A federal appellate court ruled that an employer’s failure to keep adequate records shifts the burden of proof to the employer that it does not owe contributions to...
T. Rowe Price’s Cynthia Egan to Retire
Head of T. Rowe Price’s RPS, Cynthia Egan, will retire after 30 years in the industry; the firm also created a new division, U.S. Investment Services.
Hartford-New Haven Most Retirement-Ready Metro
The number of U.S. consumers making financial preparations for retirement fell to 70%, the lowest in three years, according...
PANC 2012: The Value of an Adviser
Plans with an adviser implement more plan design features, according to PLANSPONSOR’s Adviser Value Survey.
FPA to Offer Members Omyen Software at Discount
The Financial Planning Association (FPA) has licensed technology from Omyen, which it will offer to its members at a...
PANC 2012: Retirement Income – The Next Generation
Discussions about retirement income offer a chance to get plan sponsors and participants thinking about a holistic retirement solution, according to Ralph Ferraro, EVP, head of product development...
SEI Poll Finds Majority of Pensions Frozen
SEI’s Institutional Group released the results of its corporate pension investment mid-year quick poll.