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Mercer Introduces Global Asset Class Research Boutiques
Mercer announced the creation of global asset class research boutiques within its investment consulting business.
Fund Investors Say Advisers Made Difference
The extent to which investors delegate investment decisions to their advisers seems to shape how much investors value the relationship, according to the Investment Company Institute (ICI).
ICI Puts Stats to Downturn’s Impact on Retirement Assets
That retirement plan assets plummeted in value during 2008 is not news to participants, but newly released data puts a total value on the decrease: 22% to $14...
Gen Y Wants Financial Advice in Workplace
More than half of Gen Y respondents to a recent MetLife study are interested in getting workplace access to financial planners to help with retirement planning.
FINRA Proposes Disciplinary Disclosure of Former Brokers
The Financial Industry Regulatory Authority (FINRA) is proposing a major expansion of its BrokerCheck service—to make records of final regulatory actions against brokers permanently available to the public,...
Frontier Financial Suspends 401(k) Match
Frontier Financial Corp. said it is suspending the company’s matching of employee 401(k) plan contributions, effective May 1.
Andrews Legislation Raises Questions
Although it is too early to tell what will become of the proposed advice legislation, it raises practical application questions.
NPR Makes Benefits Cuts
Facing a decline in corporate sponsorships, National Public Radio announced layoffs and benefits changes in an attempt to close a $15 million budget gap.
Ascensus Beefs Up Trading Capabilities
Ascensus, a Dresher, Pennsylvania-based recordkeeper and benefit administrator, said it has expanded its trading capabilities.
ING Launches Campaign to Protect 'Retirement Number'
ING said it has updated its microsite, www.INGyournumber.com, to make it easier for visitors to “calculate and protect their retirement savings during uncertain market conditions.â€
Standard&Poor's Releases Investment Tools for Advisers
Standard&Poor's Equity Research Services released MarketScope 3.0 (MSA), a platform that provides financial advisers with investment intelligence and tools about multiple asset classes.
Kimberly-Clark Freezes DB Plan, Adds 401(k)
Dallas, Texas-based Kimberly-Clark Corporation will freeze its defined benefit pension plan for non-union workers on December 31 and adopt a new 401(k) program.
Savings Recovery Act Introduced in House
Members of the U.S. House GOP’s Savings Solutions Group on Wednesday introduced the Savings Recovery Act, a bill designed to “help families protect what they have and begin...
TDAM Launches Sustainability Fund
TDAM USA Inc. announced the launch of a new mutual fund for institutional investors.
Ohio 529 Plans: Both the Best and the Worst
The state of Ohio’s two 529 college savings plans earned spots at both ends of the spectrum in a new Morningstar national ranking of 529 programs.
Many Employees Guess How Much They Need to Retire
Almost one-fifth of workers ask a financial adviser how much they need to accumulate to retire, according to the Employee Benefit Research Institute’s (EBRI) latest Retirement Confidence Survey.
Andrews Introduces Advice Legislation
A bill was introduced in the House of Representatives to update the investment advice regulations to the Pension Protection Act to allow for independent investment advice.
Target-Date Funds Down but Still Beat Index
Ibbotson Associates reported that the first quarter of 2009 is the sixth quarter in a row that the average target-maturity fund experienced a loss.
Arnerich Massena Names New Unit Sales Director
Portland, Oregon-based investment consultant Arnerich Massena&Associates tapped Kieran Stover as director of business development for the firm’s Non-Profit and Wealth Management divisions.