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MetLife Finds Americans Not Prepared for Retirement
The newly released "MetLife Retirement Readiness Index: Are Americans Prepared for the Transition?" indicates that pre-retirees haven’t taken necessary steps to prepare for retirement.
BofA Merrill Lynch Sees Uptick in Participant Contributions, Use of Advice
Bank of America Merrill Lynch’s Retirement & Benefit Plan Services quarterly report of activities within its proprietary 401(k) plan business shows an increase in total plan assets to...
IRS Issues Final Regs on Diversification Requirements for Company Stock
The Internal Revenue Service is issuing final regulations under section 401(a)(35) of the Internal Revenue Code (Code) relating to diversification requirements for certain defined contribution plans holding publicly...
Investors Turn to U.S. Equities in Face of Eurozone Concerns
Investors have sought refuge in U.S. markets in the week that eurozone states delivered a financial package to allay sovereign debt concerns, according to the BofA Merrill Lynch...
Janus Adds Retirement Specialist to Retirement Strategy Group
Janus Capital Group Inc. has added Matthew Sommer to its Retirement Strategy Group.
The Standard Announces Sales Leader for the Southwest
The Standard has announced the appointment of Niki Green as regional pension manager.
Social(k) to Open West Coast Branch
Social(k) is scheduled to open an office in San Francisco on May 27.
Court Turns Down Kraft Request for Court Fees
A federal judge has refused a demand from Kraft Foods Global Inc. to order plaintiffs in a 401(k) lawsuit to pay $212,000 the company incurred defending the case.
Commonwealth Releases Latest Version of Contact Management System
Commonwealth Financial Network has released Commonwealth CRM 4.0, the latest version of the independent broker/dealer and registered investment adviser (RIA)’s proprietary contact management system.
Genworth Adds Pershing as Custody Option for Advisers
Genworth Financial Wealth Management (GFWM), a division of Genworth Financial, Inc., said advisers on its platform will now have the option to custody with Pershing Advisor Solutions.
Putnam Gives Plan Sponsors Enhanced Fee Transparency
As part of its redesigned plan sponsor Web site to be launched next month, Putnam Investments has introduced a real-time fee disclosure tool.
Annuities Get a Behavioral Finance Makeover
An appreciation for the influences of behavioral finance has had a critical impact on retirement plan designs – so what about applying those principles to...
NUA Advisors Establishes Retirement Division in the Midwest
Steven D. Cox has joined Columbus, Ohio-based NUA Advisors, LLC, to establish a Midwest division of NUA’s Qualified Retirement Planning Group.
Legislation Would Establish New Consumer Price Index for Social Security
A Washington, D.C., senior-citizen advocacy group today said it applauds a new piece of legislation that would create an inflation measurement based on expenses typically borne by seniors.
ING Adds Form 5500 Business-Building Tool for Advisers
ING’s U.S. Retirement Services business has launched a new tool to help retirement plan advisers unlock business opportunities from the Form 5500.
Washington Prepares to Push through Fee Disclosure Regs, Financial Reform Legislation
While there are many legislative and regulatory proposals that could affect retirement plans, the financial reform bill and fee disclosure regulations are two actions to watch for next.
Principal Real Estate Fund Makes another Payment
The Principal has made another liquidation installment on its frozen real estate fund.
Great American Agrees to Sell Retail Brokerage Business to Lincoln Investment
As part of an effort to focus on its core insurance and annuity operations, Great American Financial Resources, Inc. (GAFRI), said it will exit the independent broker/dealer business...
CUNA Mutual Group Offers Synapses Participant Profiles
Synapses Inc., a provider of 401(k) education, products, and services, is supplying its Sponsor Profile tool to Madison, Wisconsin-based CUNA Mutual Group for use with CUNA’s 401(k) clients.