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Investors Choose International over Domestic Equities
For the third consecutive month, investors deposited a $40 billion-plus amount into bond funds, bringing year-to-date bond fund flow volumes to an enormous $330 billion, according to data...
Consumers Unaware of Roth Conversion Law Change
The pending law change regarding Roth IRA conversions might be right around the corner, but you couldn’t tell by many Americans’ interest level in the upcoming development.
Americans Vow to Improve Finances in 2010
With Hispanic and black Americans leading the way, surveyed consumers resolve to save and invest more in the New Year.
Fidelity Says 401(k) Match is Coming Back
Fidelity reported that more than a fourth of companies that cut their 401(k) match are now reinstating the match programs as the economy shows signs of recovery.
Putnam Names Three to DC Sales Posts
Putnam Investments has named Alan Dumas, John Leeson, and Chris Doucet to sales posts on its defined contribution team.
NY Life Makes DCIO VP Appointments
New York Life Investments has appointed David Giannini, James (Val) Van Deventer, and Deborah Vince as regional vice presidents in its DCIO unit, the company announced.
EBSA Pulls Back Controversial Advice Mandate
The long saga of the U.S. Department of Labor’s (DoL) hotly debated investment advice rule took another twist today when the DoL’s Employee Benefits Security Administration (EBSA) announced...
Delta Global Asset Management Offers FundQuest's Services
Delta Global Asset Management, a registered investment advisory (RIA) firm, selected FundQuest to provide outsourced technology, back-office, and investment research services.
Almost 1 in 5 Americans Plan to Save More
The recession has been a wakeup call for some Americans, as 18% of those surveyed plan to save and invest more in the future, according to a new...
Great-West Appoints Sales Director for Ark., Okla.
Great-West Retirement Services has promoted Jonah Caldwell to regional sales director for Arkansas and Oklahoma, the firm said.
Lord Abbett Launches Web Site for Financial Advisers
Lord, Abbett & Co. LLC said its new Web site for advisers offers interactive content about investment solutions, market insights, and practice management.
Fidelity Adds Tools for Brokers Considering Independence
Fidelity Investments said it expanded its Transition Solutions program, which gives brokers information about independent business models.
Christmas Stockings Could Be Lighter, but Who Cares?
This holiday season, some consumers are cutting back—but one economist argues that holiday spending is a waste anyway.
The Standard Offers Managed Accounts to 403(b)s
Standard Retirement Services, a subsidiary of StanCorp Financial Group, Inc., will begin offering its proprietary managed account service to 403(b) plans next month, the company announced.
Employers Continue to Shift Health Costs to Retirees
Large U.S. employers are continuing to shift significant health coverage costs to retirees or exiting sponsored retiree health benefit programs altogether, according to Towers Perrin’s 2010 Retiree Health...
Regions Reinstates Retirement Benefits
Regions Financial Corp. Chief Executive Dowd Ritter told employees the bank will restore its 401(k) matching contributions and restart its accruals on employees’ pension plans in January.
Wells Fargo Agrees to $1.4M Buyback of ARS
California Attorney General Edmund G. Brown Jr. announced a $1.4-billion settlement with three Wells Fargo affiliates to pay back investors, charities, and small businesses that purchased auction-rate securities...
Transamerica Names Head of TPA Channel Distribution
Transamerica Retirement Services has hired Deborah Rubin as vice president, head of Third Party Administrator Channel Distribution.
Financial Firms Ramp up Web Message to Advisers
Asset managers are using more creative methods such as social networking to reach financial advisers, according to Cerulli Associates.
FINRA Fines MetLife $1.2M for Failing to Supervise Brokers’ E-mail
The Financial Industry Regulatory Authority (FINRA) said that supervisory failures at MetLife Securities allowed two brokers to engage in undisclosed outside business activities that cost clients millions of...