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Study: Plan Design Key to Race Equality in 401(k)s
A new analysis from the Center for Retirement Research at Boston College suggests the best way to boost 401(k) saving among minorities is to improve plan design and...
Wilens to Assume Fidelity Retirement Unit Post
Family health problems have prompted an executive in Fidelity Investments’ workplace investing client management group to take a leave of absence starting at the end of the year,...
EBSA Offers Fiduciary Seminar in St. Louis
The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) has scheduled a fiduciary education seminar for December 8 in St. Louis.
T. Rowe Reaffirms Target-Date Strategy
Target-date funds with high equity allocation at retirement have come under fire lately, but T. Rowe Price is sticking with its strategy.
Variety is Valuable When Communicating about Benefits
Employees who rate their benefits communications as ‘highly effective’ reported having access to a wider range of communication options, from group meetings to e-mail messages to videos, according...
Advisers Attracted to Lower Fees of ETFs
While exchange-traded-fund (ETF) assets will continue to grow rapidly, ETF providers see 401(k) accounts as a continued challenge, according to Cerulli Associates.
Vanguard Introduces 7 Bond Index Funds
Vanguard has introduced seven bond index funds with ETF shares featuring expense ratios of 0.15%.
Fiduciary Benchmarks Helps Evaluate Participant Retirement Preparedness
Fiduciary Benchmarks and Bdellium, designer of quantitative evaluation systems, have launched the Retirement Readiness Index (RRI) for 20,000 retirement plans.
Fidelity Offers Roth Calculators for Advisers
With the new Roth Conversion laws set to go in place January 1, Fidelity Investments said it offers an online Roth IRA conversion calculator for its independent registered...
Oregon Settles with Oppenheimer on 529 Plan Losses
The state of Oregon has reached a $20-million settlement with MassMutual Financial Group's OppenheimerFunds Inc. of losses in a bond fund in the state's 529 college-savings plan.
Wash. State Poll Finds Delayed Retirement Intentions
More than 60% of Puget Sound-area residents in the state of Washington said they have delayed or plan to delay their retirement beyond their ideal age.
Transamerica Introduces New Mutual Fund Platform
Transamerica Retirement Services has introduced a new mutual fund platform for retirement plans that includes target-maturity funds from three fund families, and has no proprietary fund requirements.
Schwab Finds Half of Advisers Would Consider Independence
When Charles Schwab asked advisers outside the registered investment adviser (RIA) channel whether they’d consider going independent, almost half said yes.
Financial Advisers Somewhat Optimistic about Economy
Financial advisers are split over whether the recession has ended, according to the latest Brinker Barometer.
Boehner Slams Obama Administration for Advice Move
House Republican Leader John Boehner (R-Ohio) today blasted the decision by the Obama Administration to withdraw the final regulations on investment advice.
Monster Employees Seek Stock-Drop Suit Settlement OK
A group of 401(k) participants is seeking court approval of a $4.25 million out-of-court settlement of a stock-drop lawsuit against their employer Monster Worldwide Inc.
Former AIG Investment Advisory Business Rebrands
PineBridge Investments is the new brand name of the former asset management and investment advisory business of American International Group, Inc. (AIG).
Former Merrill Retirement Head to Run Citi Investment Unit
Two months after his announced retirement from Bank of America Merrill Lynch, Steve Bodurtha has joined Citi Private Bank as managing director and head of investment for North...
Bello Tapped for New Role in ING's Intermediary Corporate Markets
Pat Bello, formerly head of Mid Market Sales and Business Development for ING U.S. Retirement Services, has been selected to lead the northeast sales region for ING's Intermediary...