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MassMutual Issues White Paper on 403(b) Regulations
MassMutual's Retirement Services Division published a white paper on the latest 403(b) regulations and the impact on fiduciary duties, including Form 5500 reporting/audit requirements and Internal Revenue Service...
Aon Shedding 1,800 Jobs in Restructuring
Aon Corporation has announced a $325 million restructuring plan, undertaken in connection with its acquisition of Hewitt Associates, in which 1,500 to 1,800 jobs are expected to be...
BofA Merrill Lynch Revamps Business Retirement Solutions Team
Rich Linton, the recently appointed head of Business Retirement Solutions at Bank of America (BofA) Merrill Lynch, has announced organizational changes to his team.
Bechtel Settles 401(k) Fee Case for $18.5M
Engineering giant Bechtel has agreed to an $18.5 million settlement of an excessive 401(k) fee suit.
PANC 2010: Things You’re (Probably) Doing Wrong as a Plan Adviser
A panel at the recent PLANADVISER National Conference discussed things retirement plan advisers may be doing wrong without knowing it.
Diversions: Use it or Lose it
In a recently released study called, “Mental Retirement,” researchers found a link between the age at which a population retires and the population’s cognitive skills capacity.
National Financial Partners and Accord HR Team Up
The benefits provider and human resources firm are joining forces to offer expanded options to small and mid-sized plans.
Hewitt EnnisKnupp Chooses Private Equity Leader
Hewitt EnnisKnupp hired Karen Rode as the leader of its Global Private Equity group.
New York Life Hires Senior Vice President
Benjamin Woloshin joins New York Life Insurance Company as senior vice president and head of relationship management for its Retirement Income Security (RIS) business.
Total ETF Assets Near $900B in September
Investors poured more than $25 billion into U.S.-listed ETFs, boosting total year-to-date net inflows to roughly $65 billion, according to new Morningstar data.
September Funds Continue to Favor Outflows
Long-term funds had inflows of $14.3 billion in September; the fourth consecutive month of positive long-term inflows, according to data from Morningstar.
Year-End Setting is Prime for Planning
iShares said today that the current tax environment, combined with the characteristics of 529 college savings plans, can be most useful during this time of year.
Derivative Consultancy Formed in New York
Joyce Frost and Frank Iacono, former executives with Morgan Stanley, along with Chris Frost, former Managing Director at Societe Generale, have formed Riverside Risk Advisors LLC.
Seeing Things Differently in Worker-Boss Relationship
A new survey of employees and managers finds workers want supervisors who guide them with clear goals and provide them with the motivation and tools to get there.
Putnam Enhances Disclosures to Plan Participants
Putnam Investments is introducing a module on its plan participant Web site that it says will offer transparent and comprehensive disclosure of fees and...
ASPPA Demands 403(b) Form 5500 Extension
With a Friday filing deadline looming, a retirement services trade group has asked for more time for 403(b) sponsors to file the Form 5500.
ETF Investors Pile On $26B in September Asset Growth
Investors added $26 billion to U.S. exchange-traded funds (ETFs) in September, resuming the trend of monthly net inflows interrupted by $1 billion in August outflows, according to Strategic...
Funds Bring in $16B in September
Propelled by demand for bond funds and international exposure, U.S. mutual fund investors added about $16 billion in net new cash to U.S. stock and bond mutual funds...
PANC 2010: Planning Ahead
Every adviser needs a plan – but what sort of plan are we talking about? An investment plan? A benchmarking plan? And how short- or long-term should a...
SevenHills Plan Advisors Joins RPAG
Chris Schneeman, Mark Boser, and Steve Sawyer of SevenHills Plan Advisors are joining the Retirement Plan Advisory Group (RPAG), using Financial Telesis, Inc. (FTI) as their broker/dealer.