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Putnam Alum Haldeman To Lead Freddie Mac
Former Putnam Investment Management Chairman Charles E. Haldeman has been named CEO for housing lender Freddie Mac.
Jackson to Retire from Nationwide
After 25 years with Nationwide Financial, William S. Jackson, senior vice president for Retirement Plans, will retire at year-end.
NAVA Becomes IRI after Rebranding
NAVA, the Association for Insured Retirement Strategies has completed a rebranding and is now known as the Insured Retirement Institute (IRI).
Keane Helps Track Down Missing Participants with Millennium
To help plan sponsors address the challenges of missing participants, Keane Retirement Services has entered into a strategic partnership with automatic rollover provider Millennium Trust Company.
DoL Provides Form 5500 Reporting Relief for 403(b) Plans
The U.S. Department of Labor (DoL) has provided transitional relief for administrators of 403(b) plans that make good faith efforts to transition for the 2009 plan year to...
Securities Class Actions Plummet Through Mid-2009
The number of federal securities class action cases filed in the first six months of 2009 dropped by 22.3% over a year earlier, according to the latest data...
UNIFI Acquires Assurity Advisors
UNIFI Companies Retirement Plans announced it will enter the registered investment adviser (RIA) and fee-based marketplace with the acquisition of the Lincoln, Nebraska-based Assurity Advisors, Inc.
IMHO: Tranquility Base
While I am sure there was a period in my youth when I wanted to be a fireman, a cowboy, or maybe even a professional athlete, my earliest...
PlanTools Enters Wealth Management Arena
Technology provider PlanTools, LLC, said its new system allows for expansion into the wealth management arena.
June Continued 401(k) Bond to Stock Cash Flow
401(k) participants continued their search for higher returns in June by moving almost $270 million out of fixed-income into a range of equity offerings, according to the latest...
Managers Have Expectations for Corporate Earnings Growth
Investment managers expect corporate earnings to increase in the next three months, and a majority expect global GDP growth to accelerate in the next six months, according to...
Fidelity: Auto Enrollment Working as Intended
A new analysis from Fidelity Investments indicated that automatic enrollment in 401(k) plans is proving to have the biggest impact on younger and lower-compensated employees.
Retirees Spend Less, Turn to Advisers
The number of retirees who say they are worried about financial security has more than doubled in the past year, and many are tightening budgets or seeking professional...
Old Mutual Brings Cash Management Team to Member Firm
Old Mutual Asset Management has facilitated the move of Neuberger Berman Group's eight-person cash management team to Dwight Asset Management Company LLC, an institutional fixed-income manager and Old...
Target-Date Funds End Losing Streak
The stock market rally that continued throughout the second quarter ended the string of six consecutive quarters in which the average target-date fund lost money, according to the...
Principal Affiliates Shuffle Management
Principal Global Investors announced Jill Cuniff will join Seattle-based Edge Asset Management as president.
STOXX, Source Team up for Supersector Indexes
STOXX Limited, provider of European equity indexes, has launched the Dow Jones STOXX 600 Optimised Supersector Indexes, a new series of European sector indexes.
Minn. 403(b) Vendor Dispute Awaits Judge’s Ruling
A Minnesota state judge told both sides in the continuing dispute over the number of 403(b) vendors for the Winona (Minnesota) School District that she needs more time...
ProShares Kicks off 130/30 ETF
ProShares has unveiled a 130/30 exchange-traded fund (ETF), the ProShares Credit Suisse 130/30 (CSM), which kicked off trading on the NYSE Arca today.
Q2: Two-Year Best for Mutual Funds
U.S. stock and bond mutual funds generated the best quarter of long-term fund inflows in more than two years during the second quarter of 2009, according to Strategic...