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Natixis Expands Retirement Strategy Group
Natixis Global Associates (NGA) announced two new staff appointments that complete the organizational plan for its retirement strategy group.
Court OKs Class Actions for ERISA Cases
A federal appellate court has ruled that it can be appropriate for a class of defined contribution plan participants to sue for relief under the Employee Retirement Income...
New Definition of Fiduciary, a Litigation Nightmare?
In comments to the Department of Labor (DoL) regarding the proposed change to the definition of fiduciary, Liberty Capital Investment Corporation said the rule “would be a litigation...
UNIFI Takes on Ameritas Brand
As of January 1, 2011, Ameritas Retirement Plans, a division of Ameritas Life Insurance Corp., is the new name for UNIFI Companies Retirement Plans, in all states except...
Older Investors Losing Trust in Financial Firms/Advisers
Older investors’ trust in financial services institutions and advisers appears to have dropped to a new low, according to research from Hearts & Wallets.
Loring Ward Hires Director of Strategic Relations
Scott Lamb will work with Loring Ward's broker/dealers and provide value-added solutions to help advisers better serve their clients.
Americans Want to be Better Savers
Ninety-four percent of Americans are hoping to manage their money better this year, according to an ING survey. This is slightly higher than the global average; 89% of...
Newport Turns to Schaffernoth for VP Position
The Newport Group appointed Rob Schaffernoth as Vice President, Retirement Services, a newly created position at the company.
Folio Advisers Gain Access to HCM 401(k) Optimizer
Howard Capital Management (HCM) and Folio Institutional have made an arrangement to enable Folio-affiliated advisers and their clients to use HCM’s retirement plan analysis tool.
Ridgeworth to Create Retail Sales Team
Ridgeworth Investments has chosen Bob Kuberski to build and lead a retail sales team in the newly-created role of National Sales Manager for the Retail Advisor channel.
Judge Settles on Alliant Payout Interest Rate
A federal judge in Wisconsin has ordered Alliant Energy Corp. to use an 8.2% interest rate when it carries out lump-sum distributions from its cash balance program.
Mutual Funds See $900B Net Inflows in 2010
Worldwide, mutual funds added more than $900 billion in long-term net gains for 2010, according to a report from Strategic Insight, an Asset International company.
IMHO: What Lies Ahead
If 2010 was not quite the return to “normal” we might have hoped, there was more than enough—both new and old—to draw the attention of plan sponsors.
District Court Issues Order on Cash Balance Suit Damages
A federal judge has issued an order involving damages in a cash balance lawsuit – and it could be bigger than anticipated.
Plowing Out of 2010
From newborns to the elderly, athletes to Navy officers, no one was safe from the Blizzard of 2010. Here are some of the most memorable storm-stories to close...
CAPTRUST Snags Holmes Murphy Adviser Team
CAPTRUST Financial Advisors has announced the acquisition of another adviser team.
EBSA Plans Hearing About Fiduciary Definition Change
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has announced a March 2011 hearing on a proposed rule changing the scope of the term “fiduciary.”
Sponsors Aware of Responsibility to Workers
A new Deloitte survey underscores the extent to which sponsors are increasingly aware of their responsibilities to helping participants save for retirement.
IMHO: Naughty or Nice?
A few years back—when my kids still believed in the reality of Santa Claus—we discovered an ingenious Web site that purported to offer a real-time...
Perspective: Solutions Define Success in the Retirement Plans Market
The dictionary defines the word, “solution” as the “answer to or disposition of a problem.”