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Gallagher Makes Another Acquisition
Arthur J. Gallagher & Co. has acquired Old Greenwich Consulting Group based in New York, after acquiring Benefits Unlimited in early August.
Fidelity Introduces Free iPad App
Investors can download the application specifically designed for the Apple iPad, free of charge, on iTunes
Bonuses and Commissions Could Face Higher Taxes
The American Payroll Association (APA) issued a statement today to alert the public of the potential hit paychecks will take due to expiring tax cuts.
Court Finds Plan Trustee Could not Act on Knowledge of Breaches
A federal court in Illinois ruled that participants of the Antioch Company Employee Stock Ownership Plan are not barred from moving forward with their claim that company fiduciaries...
New CIO Joins SageView Team
Richard Palmer begins today as the Chief Investment Officer at the SageView Advisory Group based in Irvine, California.
Scout Picks Up Indiana Fixed-Income Shop
Scout Investment Advisors, a subsidiary of UMB Financial Corporation, has agreed to acquire Reams Asset Management Company, an investment management firm specializing in fixed-income products.
401(k) Participant at Fault in Account Withdrawal Dispute
A federal judge in Oklahoma has cleared a 401(k) plan administrator of wrongdoing in a dispute over whether the employer should be forced to repay the participant for...
One to Three Drinks a Day is A-OK
A new study in the journal Alcoholism: Clinical and Experimental Research provides the strongest evidence yet that moderate drinking can make you live longer.
Ancora Offers Source Companies’ Open Architecture Plans
Ancora Advisors has rolled out Open Architecture 401K products offered through Source Companies
WaMu to Settle Stock Drop Suits for $49M
A federal court has given preliminary approval of a settlement that would resolve lawsuits alleging breaches of fiduciary duties under the Employee Retirement Income Security Act by Washington...
NAIRPA Comments on SEC Target-Date Fund Proposal
In a letter to the Securities and Exchange Commission (SEC), the National Association of Independent Retirement Plan Advisors (NAIRPA) calls for “focused disclosure” of target-date funds and said that...
Americans Saving More for Health Care in Retirement
The First Command Financial Behaviors Index reveals that average monthly savings solely for health care costs during retirement climbed to $245 in July, up 42% from a year...
Hand Benefits Selects Sub-Advisers for Target Date CITs
Hand Benefits & Trust Company has selected Blue Prairie Group LLC (BPG) and Target Date Solutions (TDS) as managers of the SMART Fund target date collective investment trusts.
More Workers Choosing Life Insurance Benefit, and More Paying for It
A recent national survey of full-time workers by The Hartford Financial Services Group found the overall number signing up for life insurance benefits increased from 64% in 2009...
Work/Life Balance Still a Concern for Many
Some 89% of respondents to a recent poll said work/life balance is an issue in their lives, including 54% who termed it a "significant problem."
Women Lack Retirement Planning Knowledge, but Ready to Learn
A survey by Transamerica Center for Retirement Studies released this week shows a grave lack of understanding about retirement planning among working women, but highlights a willingness to...
After a Rough August, Could September Be Worse?
As rough a month as August was for the markets – and this one was the worst since 2001 - September has a tendency to be even rougher.
Workers Gaining Back Some Retirement Confidence
Older workers’ confidence in their ability to retire comfortably has rebounded modestly in the past year, although confidence levels remain well below those prior to the financial crisis.
MassMutual Participants Hang Tight in Q2
MassMutual's Retirement Services Division has released data for the second quarter, but didn’t find much sign of movement, despite the tumultuous markets.