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John Hancock Beefs Up Its Western Division
John Hancock Retirement Plan Services (RPS) has hired two regional vice presidents (RVPs) in its Western Division.
Court OKs $16.5M Caterpillar 401(k) Fee Pact
A federal judge has given final approval to a $16.5-million settlement of an excessive 401(k) fee suit against Caterpillar, Inc.
Chubb, Law Firm Team up for ERISA Guide
An Employee Retirement Income Security Act (ERISA) law firm and an insurer have teamed up to prepare a guide about ERISA’s fiduciary liability provisions and how fiduciary insurance...
Manulife to Offer Franklin Templeton Target-Date Offerings
Manulife Financial has announced a new strategic arrangement with Franklin Templeton Investments under which Templeton LifeSmart Portfolios will be made available to Canadian group retirement clients.
Sanderson Appointed as Hartford Govt. Plans VP
The Hartford Financial Services Group has tapped Scott Sanderson as vice president, government market and client management in the Retirement Plans Group.
Vanguard Makes Advisory Changes to Three Funds
Vanguard has announced the restructuring of the investment advisory arrangements for Vanguard Explorer Fund, Vanguard U.S. Value Fund, and Vanguard Market Neutral Fund.
PBGC Takes Chicago Sun-Times Pension Plans
The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for seven plans covering almost 2,360 workers and retirees of the Chicago Sun-Times.
ETF Flows Totaled $7.5B in July
July saw investors put $7.5 billion into U.S. Exchange-Traded Funds (ETFs), according to Strategic Insight (SI), an Asset International company.
Funds See $25B in July Flows
Driven by ongoing demand for bond funds, U.S. mutual fund investors added about $25 billion in net new cash to U.S. stock and bond mutual funds in July...
Defrocked NM Broker Rolls the Dice to Stay out of Jail
A New Mexico judge has approved an unusual plea deal in a securities fraud case allowing a former Albuquerque stock broker accused of fleecing clients in order to...
Are You Seeing Red?
Guys looking to attract the attention of the opposite sex – or simply to appear more powerful - might want to consider a slight wardrobe...
Auto IRA Bill Introduced in the House
Massachusetts Congressman Richard E. Neal has introduced the Automatic IRA Act of 2010 in the U.S. House of Representatives.
July Fund Flows Edge up to $14B
Flows into U.S. open-end funds increased slightly in July to $14.1 billion versus $13.5 billion in June, according to the latest Morningstar fund flow data.
S&P Launches Factor Index Series
Standard & Poor's has launched the S&P Factor Indices which seek to measure the risk premium inherent between asset classes and financial markets.
New PIMCO Fund Uses Credit Suisse Commodity Benchmark
The Credit Suisse Commodity Benchmark (CSCB) has been designated as the benchmark for a new U.S. mutual fund launched by PIMCO.
EGShares Launches India ETF
EGShares has launched the EGShares India Infrastructure ETF (NYSE:INXX).
Retirement Accounts More than a Third of U.S. Household Assets
A report from the Investment Company Institute (ICI) finds Americans held $16.5 trillion in retirement assets at the end of the first quarter of 2010, accounting for 36%...
Financial Advisory Industry Faces Talent Shortage
A decline in number of practicing advisers threatens Baby Boomers' retirement security, a new Cerulli report asserts.
DC Participants Show Stronger Commitment to Saving
Newly released data on almost 24 million defined contribution (DC) retirement accounts shows stronger contribution activity and declining levels of participant-initiated withdrawals and changes in asset allocations in...