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Symetra Expands 403(b) Team
Symetra Financial announced that Ernest Jordan has joined the company as managing director of the company’s 403(b) Group Distribution Channel.
SEC Proposes Money Market Fund Improvements
The Securities and Exchange Commission (SEC) has voted unanimously to propose rule amendments to significantly strengthen the regulatory framework for money market funds.
May Fund Flows Follow April Trends
Stock and bond funds experienced net inflows of $55.5 billion in May, according to the Financial Research Corporation (FRC).
CUNA Mutual Acquires CPI
The Madison, Wisconsin-based CUNA Mutual Group will acquire CPI Qualified Plan Consultants, Inc.
Is Everyone Really Tweeting?
Online social networking site Twitter is all the hype in the media, but a Harvard study made some interesting findings about who’s actually tweeting.
Participants Still Putting Money in Stable Value
Research by Rocaton indicates that despite credit market conditions that have created challenges for many stable value funds and for the stable value industry in general, the funds...
TIAA-CREF Names Head of Consultant Relations
TIAA-CREF has appointed Tony Cox Head of Consultant Relations.
Regulation on the Mind
Just six months ago, business growth concern was the number one business concern among registered investment advisers (RIAs)—but now regulation has taken center stage.
Employers See Retirement Planning as Retention Tool
Research by the Center for Retirement Research at Boston College (CRR) suggests employers with a relatively large share of employees wanting to stay past the traditional retirement age...
Firms Jointly Launch Roth Web Site
Convergent Retirement Plan Solutions and Archimedes Systems have jointly launched RothRetirement.com to help educate consumers about the 2010 Roth IRA conversion.
Former Citigroup Execs Start New Firm
Former Citigroup senior executives Antonio Cacorino and Fredrick Chapey have formed StormHarbour Partners LP, an independent, 50-professional global markets firm which, through subsidiaries, will focus on capital markets...
Mercer Tool Simplifies Equity Exchange Programs
Mercer launched "equity choice," a new online decision-support tool for employers offering an equity exchange program.
FTSE in Partnership for Currency Indexes
FTSE Group and Record plc, a specialist currency investment manager, have hashed out an agreement to create a new range of currency Forward Rate Bias (FRB) indexes.
IRS Finalizes List of 403(b) Documents Declared Out-of-Date
The Internal Revenue Service (IRS) has finalized its list of guidance documents issued in the last 45 years dealing with 403(b) plans declared obsolete in light of the...
Analysis Gives Hope for Pre-Retirees' Savings Recovery
A new study found that pre-retirees can recover their lost savings.
Janus Adds Institutional Sales Director
Capital Group Inc. has appointed Jason Stefanelli as vice president and institutional sales director with Janus Capital Group Institutional.
Workers Don't Want Overload of Fee Info
When asked what level of detail they would like to receive in information about retirement plan fees, only 31% of workers surveyed said they prefer a highly detailed...
InvestorForce Product Helps Consultants Share Data with Clients
InvestorForce, a Wayne, Pennsylvania, software provider, announced an update of its InvestorForce Insight service it said will allow consultants to provide institutional clients with daily access to critical...
Hedge Fund Morphs into Long-Short Mutual Fund
Bull Path Capital Management today announced the conversion of one of its long-short hedge funds into a long-short equity mutual fund, the Bull Path Long Short Fund (BPFCX).
Russell Unveils Frontier Market Fund
Russell Investments has launched the Russell Frontier Markets Equity Fund, a multi-manager institutional fund with a specific frontier markets investment mandate.