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RISE Launches Retirement Income Marketing Tools for Advisers
For financial advisers wanting to educate clients about and sell retirement income solutions, the Retirement Income Solutions Enterprise (RISE) offers an engagement system.
LoJack Follows 401(k) Match Suspension Trend
The Westwood, Massachusetts-based LoJack best known for its vehicle tracking devices has suspended its 401(k) match for all employees.
Dow Jones Introduces Successor to Dow Jones Wilshire Indexes
Dow Jones Indexes has introduced the Dow Jones Total Stock Market Indexes, which will serve as its primary global benchmark family.
Report: BofA Might Put Columbia on the Block
Five years after acquiring Columbia Management Group, Bank of America (BofA) might offload the business, according to the Wall Street Journal.
Long-Term Care Costs Put More Retirees at Risk
The latest update of the National Retirement Risk Index (NRRI) found that adding the impact of long-term care expenses means even more Americans will be at financial risk...
PIMCO Launches Long-Term Credit Fund
PIMCO launched the PIMCO Long-Term Credit Fund, an actively managed portfolio that aims to take advantage of opportunities in long-dated investment grade corporate bonds.
In Life Crises, Professional Financial Guidance Might Help
In times of life crisis, family finances might suffer significantly, according to a nationwide survey by AARP Financial Inc.
GLBs Dominate Variable Annuity Offerings
A survey by Milliman of leading U.S. variable annuity (VA) carriers revealed that about 96% of variable annuities offered include some form of a guaranteed living benefit (GLB).
Young Adults Want More Financial Advice at Work
The youngest members of the workforce would like more education and guidance about finances at work, according to a survey by Charles Schwab
Top DC Sponsor Concerns: Safety and Inflation
More than a third of consultants said sponsors are planning to revisit the glide path of target-date funds, according to a survey by PIMCO.
eVestment Offers Holdings-Based Style and Risk Analysis
eVestment Alliance, LLC partnered with Style Research to offer a global portfolio holdings-based style and risk analysis services.
Hartford Announces Small, Mid-Sized 401(k) Plan
The Hartford Financial Services Group has unveiled an enhanced 401(k) aimed at the small- and medium-sized market segments and plans with up to $10 million in assets.
Lewis Joins Former Fidelity Colleagues at Putnam
Putnam Investments named Benjamin Lewis as managing director of Defined Contribution Sales and Relationship Management.
Report: CVC Capital in Talks to Buy iShares
CVC Capital Partners is in exclusive talks with Barclays to buy its exchange-traded funds business, iShares, according to a news report.
Mutual Fund Flows Backtrack in February
The combined assets of the nation's mutual funds decreased by $372.1 billion, or 4%, to $9.036 trillion in February, according to the Investment Company Institute (ICI).
Pa. Schools Find 403(b) TPAs Unable to Keep up with Demand
Lancaster County (Pennsylvania) school districts are scrambling to track employees' 403(b) retirement contributions after a company hired to administer the funds failed to deposit some of the money...
Merrill Hit with Fla. City Pension Lawsuit, Another Possible
One Pensacola public pension fund has filed suit and a second is considering going to court over allegations Merrill Lynch is responsible for what the funds claim are...
Envestnet, Nationwide Team to Offer Retirement Income Solutions
Envestnet, a provider of solutions to financial advisers, and Nationwide have partnered to offer two annuity products.
Transamerica Retirement CEO to Head New Unit of AEGON Companies
Transamerica Retirement Services announced the promotion of CEO and President Kent Callahan to group head of Employer Solutions and Pensions for the AEGON companies.
Financial Engines to Service Hewitt-Administered 401(k) Plans
Participants in 401(k) plans administered by Hewitt Associates will now have access to financial advice from Financial Engines.