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BoA Gets Subpoena to Release Bonus Information
The New York Attorney General’s office has subpoenaed Bank of America (BoA) for a list of employees' bonuses, according to reports.
401(k) Match, Auto-Enrollment Key Participation Drivers
At a time when some employers are suspending their 401(k) match to save money, a new research study suggests the match is a “critical component″ of pushing up...
Neither Oldest nor Youngest Boomers Prepared for Retirement
A second look at the Baby Boomers who turned 62 last year and a new look at the younger Boomers, now turning 45, shows both are not saving...
African Americans Not Using Advisers
Nearly nine out of ten surveyed African Americans acknowledge they do not have a professional financial adviser, according to a survey by Nationwide.
President’s Budget Aims to Boost Retirement Savings
President Barack Obama’s budget blueprint released on Thursday includes proposals for an automatic IRA plan for workers and an expansion of the Saver’s Credit.
Jacobs Returns to Hewitt Retirement Consulting
Hewitt Associates clients will soon see a familiar face: Ari Jacobs has rejoined the company as the North American Retirement Solutions Leader, the company said.
Former UBS Investment Head To Launch Broker/Dealer
John Costas, the former head of UBS’s investment bank, is setting up a full-service boutique in New York for institutional clients, according to news reports.
UBS Appoints New CEO
UBS announced this morning that Oswald J. Grübel replaced Marcel Rohner, who has resigned, as the company’s Chief Executive Officer.
Senate Committee Takes Aim at Target-Date Funds
The U.S. Senate Special Committee on Aging held a hearing about the economic downturn’s effect on retirement security, particularly for those who are on the brink of retirement.
Fewer Expect to Fully Retire
Fewer Americans expect to retire, but many remain confident in their own ability to plan for retirement.
Campaign Helps Educate Employees about Savings
Perspective Partners, a firm specializing in measuring 401(k) plan effectiveness, has launched a savings stimulus campaign providing free assistance to businesses.
Money Manager Fraud Snares Public Pensions
Two managing general partners of WG Trading Co. of Greenwich, Connecticut, have been charged with running an estimated $550 million investment fraud.
Mercer Launches Online Retirement Planning Tools
Mercer has recently added two personalized online retirement planning tools to its base service offering for defined contribution (DC) plan administration clients.
Callanan to Lead UBS Equity Compensation Group
Robert J. Callanan, Jr. has been named a Managing Director at UBS, supporting corporate plan sponsors and providing wealth management and education services to their stock plan employees...
Buyers of Long-Term Care Insurance Get Younger
An industry-sponsored study found that 86% of individual buyers of long-term care insurance last year were younger than age 65.
America's Most Expensive Airports
Before you traverse to Traverse City or shoot over to Charlotte, check out this list of America’s most expensive airports for domestic travel.
Forward Absorbs, Assimilates Kensington Funds
Forward Management, LLC, investment adviser to the Forward Funds, will add the Kensington Funds from the Kensington Investment Group, Inc., to the Forward Funds series.
House Committee Advised not To Scare Participants
While individuals speaking during the U.S. House Education and Labor Committee’s hearing on “Strengthening Worker Retirement Security″ described the nation’s retirement system as being “in peril,″ lawmakers were...
Business Groups Renew Opposition to Conn. 401(k) Bill
A representative of several business groups testified before a state legislative committee Tuesday to oppose a proposal for the state of Connecticut to sponsor a 401(k) plan for...