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Connecticut Expands 529 to Include Adviser-Sold Plans
The State Treasurer announced today that The Hartford will manage the first adviser-sold 529 college savings plan through the “CHET Advisor” program.
DoL Urges Unisys Fee Case Reversal
A federal judge in Pennsylvania made a mistake when he threw out a 401(k) excessive fee case against Unisys Corporation and Fidelity Management Trust Company, the Department of...
PANC 2010: Rolling Over
At the PLANADVISER National Conference in Orlando last month, three panelists discussed the retirement plan rollover market, with one saying it’s the perfect place to find “money in motion.”
Bonds Still Lead Fund Flows in August
Stock and bond funds experienced net inflows of $19 billion in August, according to Financial Research Corporation (FRC).
Principal Expands Retirement Education Portal
The expanded Retirement Education Portal from the Principal Financial Group offers financial professionals access to an online library focused on retirement income planning, in addition to tools and...
Despite Saving, Boomers Feel Less Prepared for Retirement
Despite proactive savings behaviors, 66% of boomers polled by the Transamerica Center for Retirement Studies said they are less confident in achieving a financially secure retirement than they...
Morningstar Changes Classification Structure for Global Equities
Morningstar has revised its classification structure for global equities based on the market a company serves rather than the type of business it conducts.
ASPPA and CEFEX Enhance Certification Program
The American Society of Pension Professionals & Actuaries (ASPPA) and the Centre for Fiduciary Excellence (CEFEX) have announced changes to their service provider certification program.
Nationwide Hires New VP of Retirement Plan Sales
Nationwide Financial Services, Inc. announced that Tony Daniel will serve as regional vice president of sales for its private sector retirement plans business in Iowa/Nebraska.
Workers Willing to Pay More for Guaranteed Retirement Benefits
A Towers Watson survey found that a majority of workers (56%) would be willing to pay a higher amount from their paycheck to ensure a guaranteed retirement benefit.
Lincoln Announces Retirement Plan Recordkeeping Upgrade
Lincoln Financial has contracted with DST Retirement Solutions, a provider of retirement plan recordkeeping software, to enhance its recordkeeping and administrative services platform for plan sponsors, participants, and...
“Pitch Points” Aimed at Helping Advisers
T. Rowe Price will be rolling out a new value-add series called “Pitch Points” to better serve the defined contribution (DC) adviser market.
Franklin Templeton Expands and Restructures IO Team
The Investment-Only (IO) team at Franklin Templeton will now be able to better assist advisers who are focused on the retirement plan market.
Decision Stands in Nestle Purina Case
The U.S. Supreme Court denied a request by Nestlé Purina Petcare Co. to review an 8th U.S. Circuit Court of Appeals decision that the company cannot deduct from...
State Street Stock Drop Suit Gets Tossed
A federal judge in Michigan has thrown out a fiduciary breach lawsuit against State Street Bank and Trust filed by General Motors 401(k) participants over company stock-related losses.
2008 Investment Survey – The Right Pieces
Advisers share their preferences for building a plan investment lineup
Darian Joins iShares from NRP
Dick Darian has joined the iShares 401(k) team at BlackRock.
PANC 2010: Keeping up with D.C.
A panel at the PLANADVISER National Conference discussed what is happening with regulators and in Congress that will affect retirement plan advisers and their clients.
Scottrade has New Head of Adviser Services
Brian Davis has been promoted to head of Scottrade Adviser Services, a division of the firm that offers institutional trading and custodial services to independent registered investment advisers...
Russell Releases Frontier Market Indexes
Russell Investments has launched a new series of benchmarks to reflect the global frontier market.