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ING Encourages Use of Guaranteed Income Options in Retirement Plans
ING said it broadly supports investing in guaranteed lifetime income options within a retirement plan and strongly encourages employers to add this type of feature to their plans.
Nationwide Proposes Employer Tax Credits for Guaranteed Income
Nationwide Financial Services, Inc., has introduced 401KIncome, a public policy proposal that it said “provides incentives for the funding of guaranteed retirement income while strengthening the current employer-sponsored...
SPARK Institute Supports Broader Safe Harbor for Annuity Selection
As responses to a request for public comment on use of lifetime income solutions in retirement plans continue to be submitted, a trade group has weighed in with...
ERISA Advisory Council to Review Audit Rules and Financial Reporting Model
The 2010 ERISA Advisory Council will study whether the audit requirement and financial reporting model contained in the Employee Retirement Income Security Act (ERISA) §§ 103 and 104...
GOP Weighs In on Administration’s Retirement Proposals, Annuity RFI
The House GOP Savings Recovery Solutions Group wrote to Labor Secretary Hilda Solis and Treasury Secretary Timothy Geithner to oppose proposals that would affect private-sector defined contribution retirement...
Americans Still Fretting Over Money
Things might be looking up on Wall Street, but a new survey found 84% of Americans still fret about their finances.
Benefits Firm Unveils Open Architecture ETF Platform
An employee benefits consulting firm announced it is offering an open-architecture arrangement to allow plans to select from more than 800 exchange-traded funds (ETFs) when developing an investment...
TD AMERITRADE Institutional Launches Advisory Firm Valuation Tool
Independent registered investment advisers (RIAs) who custody assets with TD AMERITRADE Institutional now have access to the Valuation Analyzer, an online tool to help advisers estimate their firm’s...
Ivy Funds Offering Focuses on Foreign Equities
Ivy Funds has launched an asset allocation product that focuses its equity allocation on small- and mid-cap companies around the world.
Marsh Acquires Bostonian Group
Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced it has acquired The Bostonian Group Insurance Agency, Inc., and Bostonian Solutions, Inc.
Americans Need Financial Help, Report Lagging on Retirement Savings
Fifty-seven percent of respondents to a survey commissioned by TD AMERITRADE reported they are either a little or far behind financially in terms of preparation for retirement.
Transamerica Retirement Services Appoints Regional VP
Transamerica Retirement Services has hired John Low as regional vice president in the company’s Central Region.
Guggenheim Introduces Three Mutual Funds
Guggenheim Partners has unveiled three Transparent Value mutual funds.
ERIC Pushes for Annuity Safe Harbor
The ERISA Industry Committee (ERIC) urged the U.S. Department of Labor (DoL) against requiring sponsors to feature annuities as distribution options and toward providing a genuine safe harbor...
MassMutual Names Three to Executive Positions
MassMutual’s Retirement Services Division has announced three executive appointments, including poaches from OneAmerica and The Principal.
Stylus Web Brings Plan-Level Reporting to Financial Advisers
Markov Processes International (MPI), which specializes in providing technology in the institutional and high-net-worth space, is now making available a Web-based manager research and reporting tool for all...
TIAA-CREF Supports Guaranteed Income Options in Retirement Plans
In comments to the Department of Labor (DoL), TIAA-CREF announced its support for giving workers access to annuities in retirement plans.
Putnam Names Head of Investment Product Management
Kelly Marshall has been appointed head of Investment Product Management at Putnam Investments.
Dow Jones Adds to Required Business Performance Indexes
Dow Jones Indexes has announced the addition of four new indexes to its family of Dow Jones RBP Indexes.
Workers Need 15x Final Pay in Retirement
The average U.S. employee will need 15.7 times their final pay in retirement resources to maintain their current standard of living during retirement, according to a new analysis...