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Invesco PowerShares Readies New ETF Family
A new family of exchange-traded funds is set to debut.
servicing strategies
The Big Picture
Getting participants to swallow a more holistic approach to planning requires employers, employees, and advisers to get it together—and get in touch with reality
IMHO: “Out” Spoken
About two months ago, the Department of Labor asked the public for some insights on retirement income via a request for information, or RFI.
BofA Offers Employees New HR Service Platform
Bank of America (BofA) said it will enter into human resources partnerships with Hewitt Associates and Plateau Systems, beginning in 2011.
Trinity Unveils Three Epiphany Funds
Trinity Fiduciary Partners, LLC, investment adviser to the Epiphany Funds, has launched three new Epiphany Funds.
Many HNW Baby Boomers Reduce Spending to Recoup Losses
The financial crisis destroyed almost a quarter of high-net-worth Baby Boomers’ wealth, according to a recent survey.
Mercer Ramps Up Taft-Hartley Focus
Mercer has named Doug DeNigris as Taft-Hartley business leader for its U.S. outsourcing business, a new position.
PEO Provider Pairs with The Hartford for 401(k)
Smart-Tek Automated Services, Inc., has signed an agreement to offer its client employees a 401(k) plan through The Hartford Financial Services Group, Inc.
Kravitz Report Cites Surge in Cash Balance Plans
Based on an analysis of government filings, a new report claims that cash balance plan designs have enjoyed a 359% increase in six years.
The Principal Announces Return of Retirement Regional Vice President
Randy Blanchetti has reassumed the role of regional vice president of the southeastern region for Retirement and Investor Services at The Principal.
60-Day Rollover Requirement Doesn't Apply to Check Made to New Plan
The Internal Revenue Service has ruled that the 60-day rollover requirement is not applicable to a plan distribution check made payable to a second plan's sponsor.
401(k) Rekon Kicks off Symposiums for Retirement Plan Advisers
401(k) Rekon, a recently launched research provider for retirement plan advisers, is hosting its first symposium.
Adhesion Adds Turnkey Option to UMA Offering
Adhesion Wealth Advisor Solutions Inc., a provider of unified managed accounts (UMAs) for independent registered investment advisers (RIAs), has added a “do-it-for-me” option to its UMA program.
More Employers Reinstating Match in 2010
Research from Fidelity Investments indicated many employers are reinstating employer matching contributions to their 401(k) plans.
Lockton Opens Benefits Consulting Office in Minneapolis
Lockton has announced the opening of a Minneapolis-based employee benefits consulting practice.
Jensen Investment Management Launches Value Fund
Jensen Investment Management, investment adviser to The Jensen Portfolio (JENSX) mutual fund, has launched its second mutual fund, the Jensen Value Fund.
Securian Offers Paperless Participant Statements
Securian Retirement's quarterly retirement plan statements for employees are moving from mailboxes to inboxes.
Managed Accounts Recovering from Market Turmoil
As managed account programs make a comeback after taking a hit during the downturn, Cerulli Associates sees the most growth in mutual fund advisory programs, fueled by 401(k)...
Pace of Plan Change Still Positive, But Slow
Participants were more likely to gain access to advice last year – but the pace of expansion was slow.