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Appellate Court Reopens Case Against State Street by GM Participants
The 6th U.S. Circuit Court of Appeals revived a stock drop lawsuit brought by General Motors retirement plan participants against State Street.
FINRA Issues Investor Alert
The Financial Industry Regulatory Authority (FINRA) issued an investor alert called “It Pays to Understand Your Brokerage Account Statements and Trade Confirmations.”
Pensionmark Expands Regional Offices
Pensionmark increased its retirement plan adviser network to 18 regional offices with the addition of Northgate Retirement Group in Novato, California.
Invesco Launches Two High-Beta ETFs
Invesco PowerShares Capital Management LLC announced the listing of two new ETFs that will provide investors with access to high-beta strategies covering emerging and international developed markets.
Court Rules for Employer with no Evidence of Benefits Eligibility
A federal appellate court ruled in favor of an employer that denied a claim for retirement benefits by a former employee’s sister because it found no evidence of...
Firms Combine Alternative Assets Capabilities
PENSCO Trust and Lincoln Trust, both independent custodians of alternative assets, will combine capabilities.
MassMutual Appoints Two to Sales and Client Management
MassMutual's Retirement Services Division promoted John Budd and added Brian Mezey to its sales and client management organization.
Great-West Appoints Michigan Sales Manager
Great-West Retirement Services appointed Troy Testa as regional sales director for Michigan.
Obama Budget Limits Some Retirement Savings Tax Breaks
Initiatives in President Barack Obama’s budget proposal would impact retirement savings for some workers.
Putnam Added to ML Advisor Alliance
Putnam Investments has been added to the Merrill Lynch Advisor Alliance platform.
Pension Risk Transfer Index Falls 0.30% in January
The Dietrich Pension Risk Transfer Index was nearly unchanged from its prior month’s level of 86.65 and currently sits at 86.35 as of February 1, 2012.
Controlling Funded Status Volatility Top Priority Among Pension Plan Sponsors
Pension plan sponsors view controlling funded status volatility as the top priority for their organizations, reports an SEI Quick Poll.
IRS Issues Interim Report about 401(k) Compliance Questionnaire
The Internal Revenue Service’s (IRS) interim report of responses from its 401(k) Compliance Check Questionnaire offers a view of the 401(k) plan design landscape.
Retirement Plan Advisors Names VP
Retirement Plan Advisors (RPA) appointed Vernon Kempker as vice president of finance and operations in its Jefferson City, Missouri office.
Alliant Expands Presence in Northeast
Alliant Insurance Services acquired Thesco Retirement Planning Services (TRPS).
Retirement Plan Advisory Group Forms Alliance with National Planning Holdings
Retirement Plan Advisory Group (RPAG) formed an alliance with National Planning Holdings Inc. (NPH) to provide access to its network of registered representatives looking to grow their retirement...
Prudential Appoints Senior VP
Prudential Retirement appointed Joan Bozek as senior vice president of investment products.
Court Dismisses Benefits Interference Claim Against Duke Energy
The 6th U.S. Circuit Court of Appeals dismissed a claim of benefits interference against Duke Energy Corporation.
Mind the Company You Keep
Research shows that small-group settings can alter some people’s expression of IQ, especially women.
CPI Rebrands Website
CPI Qualified Plan Consultants released its rebranded website at cpiqpc.com.