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Reliance Trust Hires Buckles to Lead Expanded Retirement Unit
Reliance Trust Company's Retirement Strategies division is expanding its Special Fiduciary Services business unit.
National Financial Partners Creates New Brand
The benefits, insurance, and wealth management service provider will now be known as NFP.
IMHO: “Forever” More?
Last week, the Treasury Department and Department of Labor held two days of joint hearings on the subject of retirement income.
Increasing Asset Manager Access to Advisers
The September issue of The Cerulli Edge: U.S. Asset Management Edition addresses how asset managers are utilizing new techniques to increase access to advisers.
Newkirk Adds to Fund Central
Newkirk has installed several enhancements to its participant investment information Web application.
Lifetime Income Hearing Witnesses Demand Fiduciary Shield
A strong theme in testimony from witnesses at this week’s hearing into providing lifetime income options in retirement plans was a warning of how much sponsors fear incurring...
Managed Accounts Lag as QDIA Option, but Opportunity Still Exists
Since the Department of Labor issued its regulations on qualified default investment alternatives (QDIAs), target-date funds have been favored as a QDIA selection for plan sponsors.
SunTrust Offers Online Retirement Toolbox
SunTrust Banks, Inc. has introduced an interactive online Retirement Toolbox for businesses who choose SunTrust as their 401(k) plan provider.
IRS to Hold Phone Forum on SIMPLE IRA Plans
The Internal Revenue Service is holding a phone forum on SIMPLE IRA plans.
Expense Ratios for Plan Investments Up in 2009
Participants in 401(k) plans invested in mutual funds paid slightly higher expense ratios in 2009, according to an annual report by the Investment Company Institute (ICI).
PSCA Finds Sponsors Focusing on Investments
The 53rd Annual Survey of Profit Sharing and 401(k) Plans indicates plan sponsors are concentrating more on investments.
Roth 401(k) Provision in Broader Senate Bill
U.S. Senators on Thursday approved a provision allowing 401(k)s to handle Roth conversions within the plan rather than force participants to roll converted assets into a Roth IRA....
J.P. Morgan Enhances Money Market Fund Regulatory Reporting Services
J.P. Morgan has enhanced its regulatory reporting services for money market funds to assist asset managers in complying with the Securities and Exchange Commission(SEC) revised Rule 2a-7 requirements.
Patitucci Moves to Transamerica from Hartford
Transamerica Retirement Services has announced the hiring of Paul Patitucci as regional vice president in the company’s Northeastern Region.
ETF Assets Down 2.7% in August
Assets in the exchange-traded funds (ETF) space fell $21.8 billion to $800 billion in August, down 2.7%, according to the latest data from State Street Global Advisors (SSgA).
Margin Compression a Sign of Maturity
An analysis from kasina finds that while asset management firms' operating and net margins vary wildly, overall industry margins have come down.
Benefits Administration Services Appoints New President
Benefits Administration Services announced that Rita Croft has been promoted to President.
Putnam Investments Chosen as Nevada’s 529 Provider
Putnam Investments will serve as program manager for Nevada’s 529 College Savings Plan, sold nationwide through financial advisers, effective October 1.
FRC Expects Solid Growth for ETFs
Exchange‐traded fund (ETF) assets are expected to achieve an annual growth rate of nearly 19% between 2010 and 2014, according to Financial Research Corporation’s (FRC’s) newly released Mid‐Year 2010...
Study Finds Market Opportunity for High-Balance Rollovers
Research from Spectrem Group found high-balance retirement plan participants aren’t showing much loyalty to their plan providers when rolling over their money.