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DoL Sues Defunct Landscaper Over Diverted Plan Assets
The U.S. Department of Labor (DoL) sued the owner of a defunct landscaping company for allegedly paying operating expenses using employee contributions to the company’s savings incentive match...
REITs Enjoying Strong 2010
REITs continued their strong rally through October, and REIT total returns year-to-date through October 31 were triple those of the S&P 500 for the same period, according to...
Atlanta Investment Consulting Firm Announces Promotion
LCG Associates, Inc., an institutional investment consulting firm headquartered in Atlanta, has promoted Britt L. Bentley, to Vice President.
RPAG Renovates Adviser Web site
The Retirement Plan Advisory Group (RPAG) updated its adviser-centric Web site, Knowledge Center, with improved navigation and document storage.
Stock-Drop Suit Survives Initial Challenge
A federal judge in Kansas cleared the way for former YRC Worldwide employees to move forward with their stock-drop suit against the trucking company.
ING Appoints Castner for NYC Sales Post
Craig Castner joined ING U.S. Retirement Services as the wirehouse regional vice president covering New York City.
Transamerica Hires Central Region Retirement Sales Leader
Transamerica Retirement Services announced the hiring of Daniel Long as division vice president in the company’s central region.
Sponsors Support Auto-Plan Features
Large-size U.S. plan sponsors recently surveyed believe participation in defined contribution plans should be mandatory, with immediate vesting of employer contributions.
TCW Launches Small- and Mid-Cap Growth Fund
The TCW Group, Inc., an international asset-management firm, announced the availability of the TCW SMID Cap Growth Fund.
Asset Manager Hires Two for Institutional Sales Roles
Gannett Welsh & Kotler, LLC (GW&K), a manager of active fixed income and equity investment strategies, announced the hiring of John Brescia and Michael Clare for institutional sales...
Vanguard Launches Global Real Estate Portfolio
The Vanguard Group unveiled an international real estate index fund with ETF Shares based on the S&P Global ex-U.S. Property Index.
Plumbing Company Owner Guilty of 401(k) Plan Theft
A U.S. District Court jury found the former owner of a plumbing company in Texas guilty of embezzling from its 401(k) plan.
Janus Unveils Three New Funds
Janus Capital launched three new investment strategies, which are available for U.S. institutional investors in separate accounts.
IMHO: Cost of Living 'Adjustment'
A couple of weeks back, the Social Security Administration announced that, for the second year in a row—but only for the second time since 1975—there...
Retirees Say No to Mandatory Retirement Age
Eighty-five percent of retirees recently polled said there should be no mandatory retirement age.
Northwest Asset Management Makes Executive Appointments
Investment industry veteran Art Nunes and his Dynamic Investing Group have joined Northwest Asset Management.
Institutional Investors See Gains in Q3 2010
U.S. institutional investment plan sponsors returned to positive performance in the third quarter of 2010, with a median gain of 8%, according to data in the Northern Trust...
Small Business Owners Could be Doing Better
Merrill Lynch’s “Affluent Insights Quarterly Survey” took a closer look at the state of affluent small business owners in America.
A Silver Lining after the Recession
Nearly half of individuals surveyed by The Hartford said retirement benefits are more important now than before the start of the recession.
Ascensus Joins with Mesirow for Fiduciary Protection Offering
Ascensus has partnered with Mesirow Financial’s Investment Strategies Group to deliver investment fiduciary protection to plan sponsors.