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Westrock and Creighton Join Forces in Asset Management
Westrock Asset Management announced the formation of a joint venture with Creighton Capital Management to offer a set of quantitative products to institutions and other qualified investors.
SEC Finds More Churchgoing Fraudsters
A couple in Charlotte, North Carolina, allegedly bilked $32.5 million by persuading investors to cash out of their retirement funds and invest in fake investments promising huge returns.
NYAG Back to Hounding BofA
New York Attorney General Andrew Cuomo’s office is again requesting information from Bank of America (BofA) as part of an ongoing investigation into its January 1 acquisition of...
Transamerica IBD Merges with InterSecurities
Los Angeles-based Transamerica Financial Advisors, Inc. (TFA), completed its merger with its affiliate, St. Petersburg, Florida-based InterSecurities, Inc. (ISI).
Westrock to Offer Advisory Services to Native American Tribes
Westrock Group said it is now the first Native American-owned full-service financial services business.
PIMCO Launches Retirement Income Solution
PIMCO has launched the PIMCO Real Income Funds, mutual funds designed to provide retirees a steady stream of monthly income hedged against inflation.
Stanford University Makes 403(b) Plan Changes
Stanford University faculty and staff will soon be making new decisions about their retirement savings as changes to the school's 403(b) plan will take effect November 2.
Summary Prospectus Users Still 404(c) Eligible
Plan sponsors got a bit of a roadmap from the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) about how to rely on a summary prospectus to...
Hewitt Combines Middle-Market Offerings
Hewitt has announced it will combine its mid-market health and welfare outsourcing platform, Core Benefits Administration (CBA), with its existing mid-market retirement solutions.
Many Americans Plan Retirement Spending Cutbacks
Thirty-seven percent of polled working Americans predicted the recession would force them to constrict their retirement spending.
IRS Distributes Final 401(a)(9) RMD Qualification Rule
Federal tax officials have put out a final rule (TD 9459) allowing government plans carrying out 401(a)(9) required minimum distributions to prove their compliance with a reasonable and...
Callan DC Index Turns Around in Q209
After six consecutive quarters of losses, the Callan DC Index posted a gain of 12.26% in the second quarter of 2009.
Focus Retirement Plan Partners Offers Enhanced Consulting Services
Focus Retirement Plan Partners has announced an enhanced suite of retirement plan consulting services available to retirement plan sponsors and financial advisers serving plan sponsor clients.
Judge Rejects 403(b) ‘Kickback’ Suit
A federal judge has dismissed a lawsuit alleging a New York state teachers group breached its fiduciary duty by paying “kickbacks” to ING Life Insurance and Annuity Co.
The Noble Group Brings on New Account Executive
Cheri Payne has joined The Noble Group as an account executive responsible for the firm’s retirement plan practice.
The Search for the Nation’s Best Retirement Plan Adviser
Ever wonder what makes a great retirement plan adviser?
Boehner Backs 401(k) Savings Initiatives, But…
House Republican Leader John Boehner (R-Ohio) on Saturday threw his support behind President Barack Obama’s announcement of initiatives to help Americans increase their personal savings.
Obama Administration Launches Retirement Savings Initiatives
As the nation turns its attention to the three-day Labor Day weekend, the White House is talking about retirement security.
AIG Enters into Agreement to Sell Asset Management Business
American International Group, Inc. (AIG) has announced an agreement to sell a portion of its investment advisory and asset management business to Bridge Partners, L.P.
Judge Rejects Free Speech Shield for Credit Raters
A federal judge in New York has rebuffed efforts by two credit rating agencies to seek constitutional free speech protection for their evaluations of securities instruments.