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TIAA-CREF Steps Up Efforts in Sudan Divestment
TIAA-CREF said it plans to intensify pressure on target companies that maintain business relations with the Sudanese government, and will divest from companies that fail to take meaningful...
Longfellow Benefits Promotes Boucher to Senior VP
Longfellow Benefits promoted David Boucher from vice president to senior vice president, corporate benefit services.
Putnam Launches New DC Platform
Putnam Investments unveiled a new defined contribution platform for advisers and their plan sponsor clients.
Levin Law Casts a Wide Litigation Net
A Houston law firm has cast a wide net looking for participants who want to sue their employers for a breach of their fiduciary duty.
Firm Unveils Turnkey Asset Management System
FolioDynamix enhanced its unbundled turnkey asset management program with the addition of its Principled Portfolio Solutions (PPS) discretionary investment management program.
Morgan Stanley Fined $7M for Broker Rollover Misconduct
The Financial Industry Regulatory Authority (FINRA) said it fined Morgan Stanley&Co. for failing to prevent brokers from violating FINRA rules for IRA rollovers/retirement accounts.
Investment Managers Bullish for Fixed Income
Russell Investments found professional money managers were more bullish for fixed-income asset classes than equities for the first time in its survey’s five-year history.
Mercer Adds Adviser Channel to DC Administration Sales
Mercer announced Wednesday it is expanding sales of its defined contribution administration services to add distribution through the adviser channel.
Providers Need More Time, Guidance for Form 5500 Rules
A substantial majority of retirement plan service providers are unsure about how to comply with the new Form 5500 Schedule C reporting requirements, according to a recent survey...
Gen X Most Financially Stressed, According to Scottrade
The number of Generation Xers (ages 27 to 42) who are unprepared for retirement is dramatically on the rise, according to a study commissioned by Scottrade.
Morningstar Launches Tool for Analyzing Fund Flows
Morningstar, Inc., has launched Fund Flows, a tool for monitoring current fund asset flow and market share data, in Morningstar Direct, the company's research platform for institutions.
Third of Polled Sponsors Dropped, Reduced DC Match
Just more than a third of U.S. employers responding to a recent survey said they have cut back or cut out their defined contribution plan match since January...
Ponzi Schemes: Side by Side
Let’s see how Bernard Madoff stacks up against Charles Ponzi himself.
Delphi Fiduciary Breach Suits against State Street Dismissed
A federal judge ruled that State Street Bank and Trust Co. was acting within its scope as a directed 401(k) trustee in its 1985 Delphi Corp. stock sales...
GOP Congressmen Offer Savings Proposal
A group of Republican Congressmen have proposed a plan they say offers a shot in the arm for American savings.
Fidelity Reopens Two, Launches One
Fidelity Investments has announced plans to reopen two existing funds, and to open a third.
HELP Committee Addresses Investment Advice Regulations
At a recent House hearing, speakers affirmed the need for independent financial advice.
Funds Suffer $18B Loss in February
Stock and bond funds experienced net outflows of $18.1 billion in February, reversing a $22.2-billion January inflow, according to the Financial Research Corporation.
AARP Financial Chooses DST for Recordkeeping Services
DST Retirement Solutions was selected as the recordkeeping service provider for AARP Financial, Inc.'s newly launched small business 401(k) program.
Newspaper Halts Pension Contributions, Ups 401(k) Match
The Newark Star-Ledger is stopping contributions to its employee pension plan and increasing its match to the 401(k) plan.