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Court Tosses Company Stock Imprudence Claim
A federal judge in Georgia has thrown out claims by 401(k) participants that Beazer Homes USA breached its fiduciary duties by offering company stock as an investment option...
Court Clears Path for Stock-Drop Class Action
A former Comcast Corp. employee is qualified to serve as a class representative in a stock-drop lawsuit against Comcast Corp., a federal judge in Pennsylvania ruled as he...
AUL Retirement Services Launches Management Account Product
The Retirement Services division of American United Life Insurance Company (AUL ), a OneAmerica company, has launched St. Louis-based R.T. Jones Capital Equities Management, Inc.’s ARTESYS management account...
Wells Fargo Wins Some, Loses Some in Self-Dealing Case
A federal court judge has certified as a class action a lawsuit against Wells Fargo over offering mutual funds from one of its affiliates as 401(k) plan investments.
PwC Cleared of Anti-Cutback Claims over BofA Plan Transfers
A federal court has dismissed claims that PricewaterhouseCoopers knowingly participated in a violation of the Employee Retirement Income Security Act (ERISA) anti-cutback rule by allowing Bank of America...
Guernsey to Leave J.P. Morgan at Year-End
J.P. Morgan Asset Management (JPMAM) said Thursday that Eve Guernsey, CEO of the Americans, will step down from her post at the end of 2010.
Dow Jones Unveils Contrarian Index
Dow Jones Indexes has launched the Dow Jones U.S. Contrarian Opportunities Index.
Securities Litigation Declined in 2009
Securities litigation declined significantly in 2009 compared with 2008, according to a study by accounting firm and consultant PricewaterhouseCoopers.
MassMutual Adds Four Funds to Target-Date Offering
MassMutual's Retirement Services Division has added to its MassMutual Smart Architecture Investment Program with the addition of four new target-date funds.
Lawyer Disqualification Move Rebuffed in 401(k) Suit
A federal judge in West Virginia has ruled that lawyers simultaneously representing plan administrators and plan participants do not necessarily have a legal conflict of interest that would...
ETFs See Widespread Gains in March
State Street Global Advisors’ latest report on the exchange-traded fund (ETF) market covering March activity found that 10 of 12 ETF categories gained in absolute terms.
ERISA Advisory Council Calls for Retirement Commission
The Advisory Council on Employee Welfare and Pension Benefit Plans has called for the creation of a presidential commission to define a new national retirement policy and develop...
Court Finds Principal not a Fiduciary in 401(k) Rollover Case
A federal district court recently denied class certification in a lawsuit relating to the rollover of funds from 401(k) plans nationwide for which Principal Life Insurance Company provided...
RidgeWorth Offers Custom RSS for Advisers
RidgeWorth Investments said it has updated its really simple syndication (RSS) offering to allow Web site visitors to customize their feed.
Nationwide IncomeInsight Workbook Goes Online
Financial advisers now have access to an online version of Nationwide’s The Retirement Income and Income Risk Workbook, which generates a suggested retirement income portfolio for clients.
Investors Want Proactive Communication from Advisers
Financial advisers who help clients to understand the impact of the markets have more satisfied clients, a recent survey suggested.
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Winner’s Circle
Congratulations to Chad Larsen and Stephen Wilt and the STAR Group, our retirement plan adviser and adviser team of the year!
Plan Sponsors Continue Use of Stable Value, but Lack Understanding
Throughout the turbulent economic environment of the last several years, stable value has continued to offer a safe haven for defined contribution plan participants, according to the MetLife...