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ASPPA Requests Audit Relief for 403(b)s
ASPPA and a group of 403(b) plan professionals have renewed their appeal to the government for additional relief for 403(b) sponsors struggling to meet new compliance requirements of...
IMHO: Expectations Set
Thousands of protestors took to the streets this past week—in Wisconsin.
ERIC Argues Stock Drop Dismissal Should Stand on Appeal
The ERISA Industry Committee (ERIC) urged a federal appellate court not to disturb a lower court decision throwing out a stock drop suit against ING.
DoL Releases Fiduciary Definition Hearing Agenda
The U.S. Department of Labor (DoL) released an agenda for its public hearing on a proposal to refine the definition of fiduciary.
LPL Launches Fee-Based Variable Annuity Platform
LPL Financial has introduced a platform that allows for discretionary management of variable annuity assets for LPL Financial-affiliated advisers.
Asia Flows Advance in 2010
In 2010, local Asia long-term funds gathered $55 billion in net inflows, slightly higher than in 2009, according to Strategic Insight, an Asset International company.
Final Settlement of Ford Stock-Drop Suit Reached
After five years of litigation, a judge gave final approval to a settlement of a suit accusing Ford Motor Co. of continuing to offer company stock in its...
Newport Launches Executive Benefits Benchmarking Tool
The Newport Group introduced a Focus on Total Rewards benchmarking analysis, which provides comprehensive intelligence about executive benefits.
Principal Funds Offers Social Security Guidance
Principal Funds, the mutual fund arm of the Principal Financial Group, has created resources to help financial professionals guide clients through their Social Security benefits.
BNY Mellon Launches Total Emerging Markets Strategy
Standish Mellon Asset Management Company LLC and The Boston Company Asset Management (TBCAM) are jointly managing the Total Emerging Markets strategy.
FINRA Slaps Lincoln Companies with $600K in Fines
Inadequately protecting confidential customer information was the reason behind the fines.
Fidelity Sees Spike in Roth IRA Conversions
Fidelity Investments reports that nearly one-third of its Roth IRA Conversions executed across its retail and adviser businesses in 2010 occurred during the month of December.
FTSE Licenses Index for New Asian ETF
FTSE Group has licensed GlobalX Funds to create an exchange-traded fund (ETF) based on the FTSE/ASEAN 40 Index.
Accumulation to Income: Time to Fill the “Gap”
For years, retirement education focused on the need to save; but as Baby Boomers are starting to reach retirement, they’ll have to turn that accumulation into a source...
Legacy Executive Benefits Joins RPAG
David Harper and Bill Straub of Legacy Executive Benefits have become members of the Retirement Plan Advisory Group (RPAG).
Getting Rid of Cheating Bankers…in Monopoly, at Least
Wall Street–watch out. At this week’s Toy Fair in New York City, Hasbro is introducing a completely computerized version of Monopoly–no “banker” necessary.
ETF Providers Settle Ticker Dispute
Invesco PowerShares and Select Sector SPDRs have come to terms over a trademark suit filed last year.
Target-Date Fund Diversification Not Clear to Participants
Focus groups conducted by the Center for Financial Security at Boston College showed participants do not appreciate the inherent diversification of target-date funds.
McAuliffe to Join BofA Merrill Lynch Retirement Services
In a memo to the Retirement Services division, Andy Sieg, Head of Retirement and Philanthropic Services for BofA Merrill Lynch, announced that Tom McAuliffe will be the new head...