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Merrill Lynch Introduces Retirement Income Solutions
Merrill Lynch Global Wealth Management (MLGWM) has announced the launch of My Retirement Income, a feature within the Merrill Lynch Retirement Income Service that connects retirement income planning...
TPA Adds Financial Education Solution to Participant Portal
Third party administrator (TPA) Sentinel Financial Group will be installing vWise SmartPlan Enterprise onto its SunGard Relius platform January 1.
EBSA Issues More Guidance on Form 5500 Schedule C
The Department of Labor's Employee Benefits Security Administration (EBSA) has issued additional guidance in response to questions from plans and service providers on the requirements for reporting service...
IMHO: Conference “Calls”
As I was listening to, and participating in, panels at our Future of Asset Allocated Funds conference in California this past week, I was struck again...
Participants Accept Responsibility for Retirement Saving, But…
A new survey from J.P. Morgan finds 401(k) participants embrace the responsibility of controlling their retirement savings, but without confidence to succeed.
American Funds Extends Target Date Series
The American Funds Target Date Retirement series is making plans to add a new fund to the series.
Nationwide Announces New Executive Leader Roles
Nationwide Mutual Insurance Company CEO Steve Rasmussen has announced new assignments for several executive leaders across the company.
Hartford Introduces Personal Retirement Manager
The Hartford Financial Services Group, Inc. has introduced The Hartford’s Personal Retirement Manager, a new tax-deferred retirement savings vehicle.
Target Date Funds a “Particular Focus” For SEC
The Securities and Exchange Commission (SEC) is taking a hard look at retirement products, including the positioning of target-date funds.
SEC Charges Promoter, Brokers in ‘Free Lunch’ Scam
We all know that there’s no such thing as a free lunch – a lesson that a group of older investors is now learning the hard...
SEC Launches Web Site Devoted to Investor Education
The Securities and Exchange Commission (SEC) today launched an investor education Web site that provides investors with in-depth information and "top tips" on how to invest wisely, plan...
State Street Unveils Succession Plan
State Street Corporation today announced its leadership succession plan.
Some Retiring CEOs Take Good Stock Prices with Them
A new study indicates that companies that use supplemental executive retirement plans (SERPs) could see their shares suffer when the CEO departs.
Hand Benefits Offers Shariah Compliant CIF
Hand Benefits & Trust (HB&T), a BPAS Company, has launched a new collective investment fund (CIF) designed to meet the needs of Muslim investors within their qualified retirement...
Confidence in Retirement Preparedness Keeps Slipping
The latest Sun Life Financial Unretirement Index shows there is a growing concern among American workers that they have not done enough to prepare for retirement.
Desire for Advice Influenced Retirement Money Movement
A new analysis shows that, contrary to popular opinion, mass affluent consumers were not passive during the difficult financial environment of 2008 and 2009.
Investing in Sin Pays
A recent paper says that investors gain 2.5% higher returns every year, on a risk-adjusted basis, by investing in "sin" stocks–publicly traded companies involved in alcohol, tobacco, and...
Proskauer Rose Law Firm Broadens Benefits Practice
A group of employee benefits lawyers led by Paul M. Hamburger have left McDermott Will & Emery’s Washington, D.C. office to establish the D.C. employee benefits practice of...
Most Trying to Avoid the Flu
With the flu season having arrived, a new poll illustrates that many employees are taking their own precautions to avoid becoming ill at the workplace.
Employer Spending on Retirement Benefits Declining
Employers' investment in workers’ retirement benefits, measured by benefit values as a percentage of pay, has dropped consistently over the last decade, according to research by Watson Wyatt.