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EBSA Again Extends Effective Date of Advice Rule
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) said the final rule about investment advice under the Pension Protection Act will be extended to November 18.
Iowa Medical Center Suspends 401(k), 403(b) Matches
The Mercy Medical Center in Sioux City, Iowa, has temporarily suspended its employer match contributions to employees’ 401(k) and 403(b) retirement plans.
DTCC Improves Access to Managed Account Services
The Depository Trust&Clearing Corporation (DTCC) introduced MAS Portal, a new Web-based interface to its Managed Accounts Service (MAS) that will enable immediate connectivity for investment managers who oversee...
SEC Functions Could be Divided under Obama Proposal
The Obama administration might call for stripping the Securities and Exchange Commission (SEC) of some of its powers.
Principal Offers Retirement Income Planning Tools for Advisers
The Principal Financial Group unveiled new resources for advisers to tap into the burgeoning retirement income market.
MassMutual Adds Education Content to Web Site
MassMutual's Retirement Services Division recently added new holistic financial planning content to the MassMutual RetireSmart Academy, its participant education Web site.
EPIC Advisors Partners to Expand Sales in Southwest
EPIC Advisors, Inc., announced it has entered into a strategic partnership with Structured Wealth Management, Inc., of Fort Worth, Texas, to represent EPIC's services in the Southwest.
Merrill Lynch Fund Manager Survey Finds Surge in Bullishness
Seven out of 10 investors predict the world economy will improve in the next 12 months, according to the Merrill Lynch Survey of Fund Managers for May.
Fix Your Office Posture
Do you spend a lot of time at a desk or hauling around a bulging briefcase? If so, you might want to try these tips.
Woodbury Revamps Web Site, Offers New Tools for Reps
Woodbury Financial Services, Inc., recently launched a Web site to offer tools and support for its registered representatives to reach their business objectives.
RadioShack Plaintiffs Seek Class Action
Lawyers representing plaintiffs alleging a fiduciary breach in the operation of the RadioShack 401(k) have asked a federal judge to certify the suit as a class action.
AUL, American Century Offer LIVESTRONG Target-Date Portfolios
American United Life Insurance Company (AUL) teamed up with American Century Investment Services, Inc., to offer LIVESTRONG Portfolios to AUL Retirement Services clients.
‘Active Savers’ Better off During Downturn
Those who are committed to saving money and take a disciplined approach to spending are better prepared for the down economy, according to a study by HSBC.
BNY Mellon Unveils American Depository Receipts Index
The Bank of New York Mellon launched The Bank of New York Mellon Classic ADR Index and 34 subindexes, including two market, three regional, 10 sector and 19...
Oppenheimer Names Main Street Funds Team
OppenheimerFunds, Inc., announced that Manind ('Mani') Govil was named team leader and portfolio manager of the Main Street equity team.
Consumers Prefer Buying Insurance In-Person
A new survey found three-quarters (75%) of consumers who own an insurance product prefer to buy life products from an agent or another trusted source, such as an...
SPARK Institute Makes a Case for 401(k)s
Seems as though lately everyone wants to 'fix' the 401(k), but a new whitepaper suggests a different take.
TPA P&A Adds ETFs
Buffalo, New York-based P&A Retirement Plan Services has announced a program that allows participants of defined contribution plans to buy and sell ETFs like mutual funds.
Putnam Funds Access Full 'Spectrum'™ of Company Securities
Putnam Investments launched two new funds that collectively invest across the full spectrum of securities of leveraged companies.
IRS Opens Door for Safe Harbor Cuts
The Internal Revenue Service proposed rules that would permit employers affected by substantial business hardship to decide mid-year to reduce or suspend non-elective contributions to safe harbor 401(k)...