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Russell Offers New Benchmark for Global Mandates
Russell Investments launched a new global benchmark to offer investors increased flexibility in their global mandate.
Tamarac Enhances Performance Reporting Software
Tamarac Inc., a provider of integrated portfolio management software and services, has created Advisor View, a new performance reporting application.
Emotional, and Functional, Connections Drive Business
Cogent Research found that providers will gain business and loyalty from advisers if they are able to establish both a functional and emotional connection with advisers.
Cash Balance Plaintiff to get Attorney’s Fees
A federal judge in Illinois ruled that a participant in the Verizon Communications cash balance plan is entitled to attorney’s fees for her long-running legal battle even though...
Former EBSA Secretary Questions Fiduciary Proposal
The former Assistant Secretary of the Department of Labor’s (DoL) Employee Benefit Security Administration (EBSA) said the fiduciary definition proposal by the DoL is addressing issues already addressed...
FINRA Names Brad Bennett as Head of Enforcement Division
The Financial Industry Regulatory Authority (FINRA) has chosen J. Bradley Bennett as the new Head of Enforcement.
Fiduciary Proposal Shows EBSA Getting with the Times
In a conference call with the media, Phyllis C. Borzi, Assistant Secretary of Labor at the Department of Labor, described the current fiduciary guidelines as being “arcane.”
Sauber Named as Advantus Client Strategies Chief
Advantus Capital Management, an institutional fixed income and real estate securities asset manager, created the Client Strategies Group in its insurance asset management practice.
Firm Unveils Precious Metals ETF
ETF Securities announced that ETFS Precious Metals Basket shares will be listed on the NYSE Arca on October 22, 2010, trading under the ticker symbol GLTR.
Web Site Helps Employers Choose Best Retirement Plan
The U.S. Department of Labor (DoL) and the American Institute of Certified Public Accountants (AICPA) have launched a Web site to help small businesses select a retirement plan...
DC Plan Loan and Withdrawal Activity Edged Higher in 2010
A report from the Investment Company Institute shows that in the first half of 2010, defined contribution plan participants’ loan and withdrawal activity rose slightly compared with the...
DoL Broadens Fiduciary Net
For the first time in a generation, the Labor Department has taken another crack at the definition of a fiduciary under the Employee Retirement Income...
Retirement Assets Down in Q2 2010
A report from the Investment Company Institute shows that between March 2010 and June 2010, retirement assets fell 5.1%, from $16.5 trillion to $15.7 trillion.
DoL Sues Money Managers over Madoff Losses
The U.S. Department of Labor (DoL) has accused four money management firms of violating their fiduciary duties by causing hundreds of millions of dollars in losses to pension...
NQDC Plan Sponsors Reminded of 409A Compliance Deadline
Employers with a non-qualified deferred compensation plan (NQDCP) that has not been amended to comply with Section 409A of the tax code have until year end to take...
National Law Firm Adds Employee Benefits Attorney
The national law firm of Quarles & Brady announced that Angela Marie Hubbell has joined the firm's Chicago office as a partner in the Employee Benefits & Executive...
Flight Delays Cost Passengers Billions
The Federal Aviation Association (FAA) heard from researchers this week claiming that airline passengers lose $16.7 billion annually due to flight delays.
Vanguard Sees Highest Fund Flows Year-to-Date
Vanguard topped the chart for fund flows year-to-date, according to a recent report from Strategic Insight, an Asset International company.
Employee Benefits Firm Brings on Board Actuarial Firm
Bolton Partners, Inc., of Baltimore, Md., has acquired Stephen R. Thomas Actuarial Associates, Inc., of Trenton, N.J.
Employer in Stock Drop Case Gets 2nd Chance
A federal judge in Missouri reversed his ruling and gave a St. Peters, Missouri-based silicon wafer manufacturer another chance to argue that a stock-drop lawsuit against it should...