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Terrorist Scare not Grounding Business Travelers
The attempted bombing of an Amsterdam-to-Detroit flight Christmas Day is not putting much of a crimp in business professionals’ travel plans, according to a new survey.
Researchers Claim Success at Targeting Retirement Participants
Researchers studying how best to get women and low-income workers to save for retirement were able to achieve a 56% enrollment hike among their target audience at Dartmouth...
Iowa School District Succumbs to Staff Pressure to Keep 403(b)
WACO Community Schools of Wayland, Iowa, will continue offering the state’s 403(b) retirement plan to employees, after staff spoke out against its elimination.
Freedom One Adds vWise SmartPlan to Platform
Freedom One Financial Group has added vWise SmartPlan Enterprise to its education and communication service offering to plan participants.
DoL Gives Small Employers Seven Days to Deposit Contributions
The U.S. Department of Labor (DoL) announced the publication of a final rule to protect employee contributions deposited to small pension and welfare benefit plans with fewer than...
AXA Introduces Retirement Income Education Program for Advisers
AXA Distributors, LLC, the annuity wholesale distribution unit of AXA Equitable Life Insurance Company, now offers an educational program about retirement income planning for financial professionals.
Dow Jones Releases Information Tools for Advisers
Dow Jones & Company rolled out a new service to provide financial advisers market, investment, and practice management news and analysis.
SEC Files another Suit against BofA
The Securities and Exchange Commission (SEC) didn’t waste a breath in filing additional charges against Bank of America (BofA).
Adey Tapped for GEAM Consultant Post
GE Asset Management (GEAM) has named Chris Adey to the newly created role of global consultant relations leader.
BlackRock Says ETFs Passed $1T Milestone
BlackRock, Inc. said that global exchange-traded-fund (ETF) assets hit an all time high of $1 trillion at the end of 2009.
Archimedes Systems Names Retirement Planning Solutions Director
Archimedes Systems has announced the appointment of Stephen Daniels as director of Retirement Planning Solutions.
EBSA Sues Illinois Transportation Firm over Plan Payments
The U.S. Department of Labor (DoL) has filed suit against the owners of a bankrupt Chicago-area company for diverting their employees’ health care premium payments and 401(k) contributions...
Former TCW Fund Manager Registers New Funds
DoubleLine Capital LP, the money management firm started last month by star bond fund manager Jeffrey Gundlach, is gearing up to offer some new funds.
DC Sponsors Say Reviewing Fees Most Important Fiduciary Action
Defined contribution (DC) plan sponsors said reviewing plan-related expenses was the most important fiduciary action they took over the past year, according to a Callan Associates survey.
FRC Identifies Growth Opportunity in 529 Plan Market
While the 529 market is growing, the Financial Research Corporation (FRC) found that a large number of adviser-influenced account owners bypass traditional adviser-sold plans.
Cassidy Retirement Group Hires Consulting Actuary
Charles D. Cahill has joined Cassidy Retirement Group, a Concord, Massachusetts-based retirement plan consulting firm, as a consulting actuary.
ERISA Class Actions Picked up in 2009
The nation’s economic downturn has prompted plaintiffs’ lawyers to increase the pace of filing of class action lawsuits to recover 401(k) plan losses under the Employee Retirement Income...
Northwestern Mutual Plans to Ramp up Adviser Recruitment Effort
To meet “Americans' growing need for financial guidance,” Northwestern Mutual said it plans to recruit more than 2,300 financial representatives and more than 2,500 financial representative interns in...
Advisers Say Clients Still Confident in Ability to Retire
Despite reports that many Americans are delaying retirement, the majority of surveyed advisers said their clients’ confidence in their ability to retire remains steady.
Great-West Adds More Wholesalers
Great-West Retirement Services said it has hired six more internal wholesalers to boost the support it provides its external sales force and their financial adviser and third-party administrator...