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Vanguard Sees Continued Explosion in Target-Date Fund Usage
The Vanguard Center for Retirement Research reported that the use of target-date funds in defined contribution plans administered by Vanguard continues to grow rapidly.
Most Employers Don’t Plan Contribution Reduction
A survey by Mercer found that 73% of organizations globally do not plan to reduce the level of employer contributions to defined contribution plans in the remainder of...
A Fifth of Companies Plan to Eliminate 401(k) Match
A recent survey of U.S. companies by Grant Thornton found that 29% have already modified, or currently intend to modify, the matching contribution feature in their 401(k) plans...
ThriveOn Introduces Workplace Financial Education Service
ThriveOn, Inc. has unveiled its Benefits and Open Enrollment Learning Center, designed to help employers educate employees about workplace benefits and financial topics.
MSCI Unveils Long/Short Indexes
MSCI Barra has launched a range of long/short factor indexes based on MSCI indexes and Barra risk models.
1 in 4 Americans Want to Give Financial Firm or Broker the Boot
A survey by Charles Schwab found that 25% of investors in the U.S. are considering changing financial services firms or brokers in the next year based on their...
Advisor Software Upgrades ASI Wealth Manager
Advisor Software, Inc., a provider of wealth management solutions for the adviser market, announced a new release for ASI Wealth Manager, a platform for personalized goal-based investment management.
Brains over Beauty
A University of Florida study found that people with intelligence earn more in their lifetime than those who are self-confident or attractive.
Financial Telesis Signs BCI-Group to Network
Financial Telesis Inc., (FTI), a full-service broker/dealer and registered investment advisory firm, said employee benefits consulting firm BCI-Group has joined FTI’s network.
Participant Transfers Follow Equity Market Rally
Participant transfers in May moved toward equities and away from fixed income, according to the Hewitt 401(k) Index.
Court Dismisses Aetna Securities Fraud Suit
A court dismissed a securities fraud suit accusing executives at health insurance giant Aetna Inc. of making false statements about the company's “disciplined″ pricing strategies to drive up...
SEC-DoL Announces Witness Lineup for Target-Date Hearing
The Securities and Exchange Commission (SEC) released the lineup of witnesses set to testify about target-date funds before SEC and Department of Labor (DoL) officials on Thursday.
Participants in Company Stock Suit Fail To Get Class Certification
A court ruled that participants in the First American Corp. 401(k) plan cannot be certified as a class for purposes of a suit questioning the appropriateness of maintaining...
Recession Foils Ponzi Schemers' Game
Ravaged by the same fiscal turbulence pounding the nation's legitimate businesses, Ponzi operations have been collapsing at a record clip, The Washington Post reported.
SEC Will Move To Block Reserve Fund Suits
The Securities and Exchange Commission (SEC) will ask a federal judge to block some investor lawsuits against the failed Reserve Primary Fund to ensure all shareholders get as...
Barclays Formally Accepts BlackRock’s Offer for BGI
BlackRock, Inc., announced Tuesday it has received written notice from Barclays PLC that Barclays’ Board of Directors has formally accepted BlackRock’s offer to acquire Barclays Global Investors (BGI).
Commonwealth Adds Portfolios with Alternative Asset Classes
Commonwealth Financial Network announced the addition of three portfolios with alternative asset classes to its lineup of in-house managed portfolios.
Wealthy Investors Shy Away from Investment Opportunities
A global survey released by Barclays Wealth found that most wealthy investors recognize opportunities, but aren’t seizing them.
Employer Wins One, Loses One in Cash Balance Case
Monsanto Co. walked away with a mixed outcome from two rulings by a federal judge in Illinois—one in the employer’s favor and a second in favor of participants—regarding...
Planning Alternatives, Oakland Wealth Management Merge
Two Oakland County-based, independent investment advisory firms have combined operations, creating what the firms say will be a 'leading investment advisory firm' in Southeastern Michigan, according to a...