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PANC 2009: Finding the Right Business Model
It’s often said that freedom comes with a price, and for some financial advisers, the price is worth it.
Failed Bank Slammed with Eight Stock-Drop Actions
Colonial Bank, a now-defunct Alabama bank company, has been hit with eight stock-drop suits over losses suffered by its pension plan when the bank was seized by regulators,...
SEC Charges Ponzi Schemer Who Preyed on Elderly
The Securities and Exchange Commission (SEC) charged Detroit-area stock broker Frank Bluestein with fraud, alleging that he lured elderly investors into a $250 million Ponzi scheme.
DC Plans Increasingly Use Investment Consultants
Forty-one percent of defined contribution assets are controlled by consultants, with the majority of these assets in large plans with more than $500 million in assets, according to...
iShares Publishes ETF Guide Online
Barclays Global Investors (BGI) will now offer its ETF Managed Solutions Guide on the Web, in addition to the hard copy.
IMHO: When You Assume…
Somewhere in the course of your professional life, you have no doubt heard (or used) the expression about what happens when you assume1.
BofA Responds to SEC Charges
Bank of America Corp has formally denied U.S. Securities and Exchange Commission (SEC) claims accusing it of misleading shareholders about bonuses paid to Merrill Lynch & Co employees...
Spending, Saving Changes Should Outlast Economic Turmoil
Americans of all income levels and ethnic groups look on the spending and saving changes they have made in response to the economic turmoil of 2008 and 2009...
Tax Officials Post Form 5500 FAQs
Have a question about electronically filing a Form 5500 report on the Department of Labor (DoL) Web site?
Sponsors Need To Plug Leaks for Loans, Withdrawals
Rules barring participants from making 401(k) contributions for six months after taking a hardship withdrawal should be eased to help employees more quickly recover a more substantial retirement...
RolloverSystems Expands NRP Relationship
RolloverSystems, Inc. (RSI), a provider of rollover services, will now offer additional, elective service to NRP Financial, Inc. (NRPF) advisers to assist in opening IRA brokerage accounts.
Firm Introduces Retirement Paycheck Product
The Mutual Fund Store, a network of registered investment advisers, has unveiled its Retirement Paycheck product intended to help retirees in their distributive phase.
Benefits Budgets Took a Hit in 2008
Fewer than half of plan sponsors said their benefits budgets increased over 2008, down from the two-thirds of those polled about their 2007 and 2006 spending, a Prudential...
The Hartford Names New National Sales Manager for 401(k) Sales
The Hartford Financial Services Group, Inc,. has appointed J. Michael Shamburger as national sales manager for corporate retirement programs in its Retirement Plans Group (RPG).
IRS Puts Out RMD Waiver Guidance
The Internal Revenue Service (IRS) on Thursday provided sponsors with two sample plan amendments to help them implement the one-year waiver of the required minimum distribution (RMD).
Russell Unveils Target-Date Fund Family Performance Metrics
Russell Investments has developed a methodology to provide investors with a way to measure and compare target-date fund families.
S.C. Medical Center To Start New DC Program
A South Carolina hospital is restructuring its retirement savings program, including a freeze on its current defined benefit plan.
Eukel Named to McHenry Partners Post
Lafayette, California-based McHenry Partners LLC has named Geoff Eukel as research director.
Mercer Poaches Four from Callan for San Francisco Office
Consultant Mercer has tapped Toni Brown from Callan Associates to serve in the new position of director of client consulting for its investment consulting business in the U.S.
Is Stress Making You Fat?
Before you reach for the junk food after a rough day at the office, chew on this: A new study found that overweight people gain more when stressed...