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Consultant Rejoins Buck Retirement Practice
Mary Mitchell returned to Buck Consultants' Pittsburgh office as a principal in its retirement practice.
Employer in Stock Drop Suit Awarded $50K
A federal judge in Illinois awarded the employer in a stock-drop case $50,000 in costs a year after ruling against the employee who filed the case.
Only 5% Plan to Put Tax Refund toward Retirement
A survey from Capital One Bank found that more than one-third (37%) of Americans plan to spend all or part of this year’s refund.
The Hartford Expands Two VP Roles
The adjustments are in line with The Hartford's newest strategies: increasing its share of government and tax-exempt retirement plans and enhancing participant education.
WisdomTree Launches Asia ETF
WisdomTree has launched the WisdomTree Asia Local Debt Fund (ALD).
Schwab Survey Finds Charity to be High on Priority List
Seventy-nine percent of respondents to a Charles Schwab poll cite charitable giving as a priority, outranking a surprising number of other priorities.
Russell Launches Global 3000 Index Series
Russell Investments is launching the Russell Global 3000 Index series of 18 indexes — all sub-components of the Russell Global Index.
New Funds Bring Hefty Flows in Asia
Long-term funds in Asia saw $8.7 billion of flows in January, with new launches collecting over 100% of the total contributions, according to Strategic Insight, an Asset International...
U.S. Life Expectancy Hits Another High
The Centers for Disease Control and Prevention released a preliminary report this week on the life expectancy of a baby born in 2009.
DoL Asked to Add to Participant Disclosure Rules
The Government Accountability Office (GAO) suggested that retirement plan sponsors and participants should be made more aware of the risk that some investments may have distribution restrictions.
If the Vatican is Using Social Media…
In a Webinar discussing the power of real-time marketing on social media platforms, authors of a new book asked the financial industry–why are we so behind?
DoL Sues over Abandoned Plan
The U.S. Department of Labor (DoL) sued a now-defunct company alleging it walked away from its 401(k) plan without distributing $1.3 million in assets to participants.
DWS Investments Expands National Accounts Coverage
DWS Investments, the U.S. retail unit of Deutsche Bank’s Asset Management division, appointed Tiffani Potesta as a Director and Senior National Account Manager.
The Platinum 401(k) Offers Prospecting Incentive
American Pension Services, Inc. announced a partnership with T3Direct Marketing of Modesto, Calif., which will reimburse advisers for prospecting appointments.
Study Finds Proof of Stagnation in Auto-Enrollment Adoption
Fifty-five percent of plan sponsors say they have no plans to adopt automatic enrollment in 2011, according to a recently released survey.
More Plans Opt for Co-Fiduciary Advisers
3(21) limited scope investment advisers are used more frequently than 3(38) outsourced investment advisers, according to a Grant Thornton survey.
Advisers Expect Double-Digit Revenue Growth in 2011
Russell Investments' quarterly Financial Professional Outlook found 75% of advisers predict 2011 to be a year of substantial growth.
Not Enough Advisers Use Fiduciary Status as Selling Point
Half (51%) of advisers agree that having a fiduciary standard is an “extremely” or “very” big differentiator when attracting new clients, according to ByAllAccounts, Inc., an account aggregation...
Emerging Markets ‘Clear Leader’ in Asset Class Selection
More than three-quarters of retirement plan sponsors have emerging markets equities in their investment lineups or are considering adding them, according to a Grant Thornton survey.
Powershares Expands ETF Listings in Mexico
Invesco PowerShares Capital Management LLC is planning to expand its geographic coverage through a series of cross-listings in Mexico.