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Advisers Most Trusted Source for Investing Information
Brokers/advisers are the most trusted sources to provide accurate information about investments, investing, or the markets, according to the 2010 Edelman Financial Services U.S. Trust Barometer.
A(nother) Sure Thing?
Generally speaking, there’s no such thing as a sure thing – certainly when it comes to investing, and certainly not two years running.
Towers Watson Finds DB Plans Outperformed DC Plans
Rates of return for defined benefit (DB) pension plans outpaced those for defined contribution (DC) plans, including 401(k) plans, in 2007 and 2008, according to a new analysis...
Banks Capturing More IRA Rollovers from HNW Clients
A research report indicates that banks are capturing an increased share of retirement plan rollover assets from affluent investors.
Asset Management Firm Use of Social Media Still Limited
A new survey of asset management firms finds that 52% don’t use social media, despite a recognition by 84% that social media will have a lasting impact on...
Hartford Expands 403(b) Offering to TPA-serviced Plans
The Hartford Financial Services Group, Inc. is expanding its product offerings to include 403(b) retirement programs for nonprofit organizations serviced by third-party administrators (TPAs).
Klepacki to Run Delaware Investments' Third-Party B/D Distribution
Delaware Investments, a member of Macquarie Group, has hired Jeff Klepacki to run its third-party broker/dealer (B/D) distribution activities.
McDermott to Head Goldman Sachs Institutional DC Unit
Goldman Sachs Asset Management (GSAM) announced that Bill McDermott has joined GSAM as Head of the Institutional Defined Contribution business.
J.P. Morgan Asset Management Realigns DCIO Teams
J.P. Morgan Asset Management has combined all of its defined contribution investment-only (DCIO) specialist resources into a single unit, DC Investment Solutions.
Higher Ed Employees not Acting on Retirement Concerns
A recent survey conducted by ING’s U.S. Retirement Services indicates those employed in the higher education community are growing more nervous about their ability to retire comfortably, yet...
MassMutual Adds to Sales Team in South/Central Division
Dan Caple has joined MassMutual's Retirement Services sales team in the South/Central Division.
Transamerica Offers New Withdrawal Schedule for Retirement Income Products
Transamerica Life Insurance Company has introduced an enhanced withdrawal schedule for its Retirement Income Choice 1.2 and Retirement Income Choice 1.4 riders.
Goldman Sachs Launches Dynamic Allocation Fund
Goldman Sachs Asset Management, L.P. (GSAM) announced the launch of the Goldman Sachs Dynamic Allocation Fund (GDAFX).
Report Points to Liquidity Concerns as Reason for Match Suspension
A recent study suggests liquidity concerns—and not profitability concerns—was the reason many firms suspended their retirement plan match contributions during the recent economic crisis.
Fiduciary and Audit Requirements Still Hazy for 403(b) Sponsors
Although the new regulations governing 403(b) plans are already in effect, many plan sponsors admit to not fully understanding certain compliance requirements.
AIM International Small Company Fund Offering Limited
AIM International Small Company Fund is now offered on a limited basis to certain investors.
DoL Calls for Public Comment about Annuities
As expected, the Obama Administration has issued a request for information (RFI) to gather public comment about whether and how the government should promote lifetime income products in...
2009 ETF Inflows Top $100B
ETF net inflows surpassed $100 billion during 2009, as investors moved away from large-cap U.S. equities and developed international equities and increased their exposure to ETFs, according to...
Standard & Poor's Launches S&P GSCI Enhanced Sub-Indices
Index provider Standard & Poor's has announced the launch of seven single commodity sub-indices of the S&P GSCI Enhanced Index.
Court Refuses Broker Appeal for Pension Fraud Conviction
A federal appellate court has rebuffed a bid by former investment broker Nathan Chapman Jr. to overturn his conviction for fraud against the Maryland state pension system on...