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SPARK Urges EBSA to Step Carefully with Fiduciary Rule
Larry H. Goldbrum, General Counsel of The SPARK Institute, said any changes to the definition of fiduciary should not be overly dramatic changes in policy.
REITs Strongly Outperform the Broader Market
The U.S. REIT market significantly outperformed the S&P 500 through February, according to the National Association of Real Estate Investment Trusts (NAREIT).
Transamerica Introduces International Equity Fund
The new international equity fund offering is named Transamerica TS&W International Equity.
Fund Managers Chasing the Bulls in 2011
Fund managers are bullish about the prospects for public equities and emerging markets in 2011, but have bearish views of nominal government bonds.
Great-West Fears Industry Setbacks
Federal regulators heard from the president of Great-West Retirement Services who said efforts to rework the definition of a fiduciary could "set the retirement industry back 25 years."
ABC Warns against Too Broad a Definition of Fiduciary
The American Benefits Council (ABC) spoke at the Department of Labor’s (DoL) hearing today about its proposed redefinition of fiduciary.
Collaborative Effort on Retirement Income Solution
MetLife, Inc. and PIMCO have created a retirement income solution that combines investment and insurance products.
Tailored Advice Leads to Better Decision-Making
The Center for Retirement Research at Boston College found that customized advice for pre-retirees can help them take smarter actions.
Russell Announces Schedule for Index Reconstitution
Russell Investments announced the 2011 schedule for its annual index reconstitution process, which reflects the past year’s global shift in equity markets.
Sah Joins TCW to Launch International Fund
The TCW Group hired Rohit Sah as portfolio manager for the new TCW International Small Cap Fund.
Only Half of Retirees Factor in Inflation
Seventy-two percent of pre-retirees and 55% of retirees are calculating the effects of inflation on their retirement planning, according to the Society of Actuaries (SOA).
Wealth Management Firm Joins MetLife
MetLife and Philadelphia-based Firstrust Financial Resources, LLC, announced their partnership today.
Poll Finds 57% of Americans Postponing Retirement Date
An Aviva survey found more than half of Americans expect to work past their expected retirement age; giving the U.S. the highest percentage out of ten countries surveyed.
IRS Defines “Readily Tradable” Employer Securities
The Internal Revenue Service (IRS) issued a notice of guidance regarding employer securities held by certain qualified retirement plans.
Lincoln Expands Practice Management Support
Lincoln Financial Network, the retail distribution division of Lincoln Financial Group, has expanded its Office of Practice Management (OPM) services.
State Street Appoints Head of Kansas City Operations
State Street Corporation appointed Tom Forrester as managing director and head of its operations in Kansas City, Missouri.
Online Tool Leads to Higher Deferral Rates
Participants who have completed The Principal's interactive tool save an average of 39% more for retirement than those who have not used the tool, according to the firm.
Goldman Sachs Launches N-11 Equity Fund
Goldman Sachs Asset Management International announced the U.S. launch of the Goldman Sachs N-11 Equity Fund (Class A shares: GSYAX).
Strong 4Q for Money Management Firms
The fourth quarter of 2010 witnessed a healthy rebound in asset manager margins, according to kasina.