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TD AMERITRADE Rolls Out Small-Business Retirement Tools
Small-business owners now have a new place to go for information about retirement planning.
Flight from Equities in Cash Balance Plan no ERISA Miscue
An employer’s move to reduce its equity holdings and increase fixed-income investments in its cash balance pension plan did not represent an illegal benefits reduction, a federal judge...
Bond Funds Continue to Dominate Fund Flows
Strong long-term fund flows persisted in August, and the recent pattern of greater flows into bond funds continued as well, according to Strategic Insight (SI).
Invesco Adds Client Service Executive
Invesco has named K. Stuart Peskin as managing director for client service within its Institutional Sales and Client Service team.
Report: Invesco Out Front with Van Kampen Bid
Invesco has emerged in the lead to acquire the mutual fund business from Morgan Stanley’s Van Kampen, according to The Wall Street Journal.
Court Dismisses Stock-Drop Case against Humana
A district court has dismissed claims by retirement plan participants that Humana officials violated their fiduciary duties by holding plan assets in company stock after mistakes made in...
The Wiley Group is Now Independent RIA
The Wiley Group ended a long relationship with Morgan Stanley Smith Barney to form a fully independent registered investment adviser.
PANC 2009: Target-Dates: Learning from the Past Year
The asset allocation of target-date funds has been a hotly debated topic, especially as the financial crisis has put them under the microscope.
BofA Sells Columbia to Ameriprise for $1B
Bank of America Corporation (BofA) signed an agreement to sell the stock and bond units of Columbia Management to Ameriprise Financial, Inc., the companies announced.
Dreyfus Introduces Two New Fund of Funds
The Dreyfus Corporation, part of BNY Mellon Asset Management, has introduced two new fund of funds: Dreyfus Satellite Alpha Fund and Dreyfus Diversified Global Fund.
BrightScope Unveils Adviser Service
The 401(k) ratings and analytics firm BrightScope launched a service to help advisers and consultants find plans that need their help.
The Hartford Names New National Sales Manager for 401(k) Sales
The Hartford Financial Services Group, Inc,. has appointed J. Michael Shamburger as national sales manager for corporate retirement programs in its Retirement Plans Group (RPG).
Mercer Poaches Four from Callan for San Francisco Office
Consultant Mercer has tapped Toni Brown from Callan Associates to serve in the new position of director of client consulting for its investment consulting business in the U.S.
SEC Plans Deeper Probe of BofA-Merrill Merger
Federal securities regulators said they will take the opportunity of pre-trial fact-finding in their existing case against the Bank of America (BofA) to see if any additional charges...
EBSA Sets Out Carrot, Stick Agenda
When it comes to employee benefit plans, there’s a new sheriff in town.
DoL Set to Drop Investment Advice Regulations
The Department of Labor is killing the final 401(k) investment advice rule under the Pension Protection Act, according to news reports.
Former Assistant Secretary of Labor Joins D.C. Law Firm
Schiff Hardin LLP has announced that former assistant secretary of labor for employee benefits Bradford P. Campbell joined the firm’s Washington, D.C., office in the Employee Benefits and...
Schwab Adds Client Feedback Tools
Schwab Advisor Services unveiled enhancements, including a waiver of fees for its merger and acquisition listing service, an online version of its Scorecard tool, and a new client...