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Participants Still Kept on in Face of Recession
Even in the face of a major economic downturn, 401(k) participants still kept on keeping on in 2008, according to a Hewitt Associates study.
Participants More Interested in Education, Fidelity Says
With the economy still uncertain and continued market volatility, Fidelity Investments said it is seeing higher levels of worker engagement in retirement plans.
Plan Sponsors Make More Changes
A survey by the International Foundation of Employee Benefit Plans (IFEBP) found defined contribution sponsors are making plan changes in the face of the economic downturn.
Provider Offers Custom Asset Allocation Portfolios
McCready and Keene announced it offers custom risk-based and age-based portfolios within the same retirement plan, utilizing an asset allocation strategy composed of a plan's core fund lineup.
S&P Introduces Risk-Controlled Versions of Popular Indexes
Standard&Poor's launched risk-controlled versions of its S&P 500 and S&P /ASX 200 indexes.
CEFS Enhances Equity Comp Plan Service Platform
UBS Corporate Employee Financial Services (CEFS) has added a software utility to its technology platform to facilitate data exchange with clients that seek equity compensation plan services.
Distribution Evolves Amid Bad Market
A study by consulting firm kasina found that investment managers will further rely on analysts to guide advisers to products.
U.S. Can't Get No Satisfaction
Need happiness? Move to Canada, or better yet, Denmark.
Want Gold in Your IRA?
Spyker Consulting, Inc., an international bullion brokerage firm, said it offers individual retirement account (IRA) services for qualified investors seeking to have gold, silver, platinum, or palladium in...
Goldman Sachs Offers Tool to Help Advisers Select Funds
Goldman Sachs Asset Management (GSAM) launched a retirement plan analysis tool to help financial advisers determine the right fund line-ups for retirement plans.
Participants Could Accept ‘Mortality-Contingent’ Products
A study found that 30% of surveyed participants would definitely or likely be willing to trade leaving inheritance in order to generate more lifetime income than would be...
Social Security Outlook Dims
An annual report by the Social Security and Medicare Board of Trustees indicates the financial downturn has worsened the long-range financial outlook of the system.
Mercer Names Two to Outsourcing Posts
Mercer named Sharan Mitchell Carlisle as market leader—Great Lakes region and Steve Gordon as market leader—Southeast region for its outsourcing business.
Turner Launches Fund with Access to Long/Short Strategies
Turner Investment Partners announced the launch of the Turner Spectrum Fund, a no-load, open-end mutual fund.
Providers Scutinizing Target-Date Funds More Closely
A survey from Callan suggests managers of target-date funds have stepped up examinations of their offerings due to the economic downturn.
EBSA/SEC to Hold Target-Date Hearing
The Department of Labor (DoL) and the Securities and Exchange Commission (SEC) are looking into target-date funds.
ING Advisors Network Announces Brown as CEO
As ING Advisors Network considers what to do with its group of broker/dealers, Valerie Brown was named new CEO.
Prudential Hosts Retirement Webinar for FPs
Prudential is hosting a free Webinar to help financial planners manage investor concerns about the impact of the recent stock market meltdown on their retirement portfolios.
U.S. Gets ‘A’ in Investing
A Morningstar study found that mutual fund investors in the U.S. have a better experience than in 15 other countries.
Better Human Capital, Better Financial Capital
While it might seem difficult to look at the long-term strategy amid a financial crisis, knowing how to better operate and recruit could be crucial to an advisory...