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Court Consolidates Bear Stearns Suits
A federal district court judge has consolidated lawsuits that have been filed against Bear Stearns Companies Inc. since its collapse last year.
Louisville Bank Ups 401(k) Match
In contrast to most recent news reports regarding employer matching contributions, Louisville, Kentucky-based Republic Bank has increased its 401(k) match.
Pharmaceutical Company Could Face Company Stock Suit
The law firm of Stember Feinstein Doyle&Payne, LLC, is investigating conduct that it believes might have caused losses to the KV Pharmaceutical Company Profit Sharing Plan and Trust.
AUL Retirement Names Southern Region 403(b) Sales Exec
The Retirement Services division at American United Life Insurance Company (AUL), a OneAmerica company, has announced the appointment of James R. Daniel, Jr., as regional vice president for...
Spectrem Millionaire, Affluent Investor Indexes Up in December
The Spectrem Millionaire Investor Index (SMII) saw its largest increase ever when it jumped 16 points in December to -23.
Advisers Feel Market Stress
A whopping 90% of advisers said market changes have increased their stress level, according to a study by Vestment Advisors and the Financial Planning Association.
Millionaires Question Adviser Performance
During the financial crisis, millionaires did not express satisfaction with their advisers’ performance, but independent advisers fared better, a SpectremGroup study found.
More Workers Rolling over Retirement Savings at Job Change
More workers are rolling over retirement assets when they change jobs than in past years, according to a study by the Employee Benefit Research Institute (EBRI).
Goal Oriented
Whether you set a New Year’s resolution – or if you didn’t – you have a lot of company.
Planning Ahead Proved Difficult
In the past year, retirees/pre-retirees with financial planners lost money at about the same rate as those without financial planners, according to a survey of Consumer Reports readers.
Woomer Named to OneAmerica Consulting Services Post
The Retirement Services division at American United Life Insurance Company (AUL), a OneAmerica company, named Michael Woomer as the division’s field vice president, consulting services.
Millennium Trust Offers 403(b) Custody Solution
Millennium Trust Company, LLC, announced its appointment as successor custodian for Neuberger Berman 403(b) custodial accounts.
BCG Partners with Mid Atlantic Trust To Launch 401(k) ETF Platform
Benefit Consultants Group (BCG) announced it is teaming up with Mid Atlantic Trust Company (MATC) to launch a bundled 401(k) platform offering exchange-traded funds (ETFs).
More Money, More Profitability Problems?
Greater relationship size doesn’t necessarily mean greater profitability for high-net-worth (HNW) advisers, according to Cerulli Associates.
Adviser Resolutions Focus on Growth
Despite a challenging 2008, independent advisers surveyed in an SEI Quick Poll are positive about success in the coming year.
SSA Rolls Out Retire Online Campaign
Social Security Commissioner Michael Astrue and Patty Duke yesterday unveiled Social Security's new online retirement application and launched the agency's Retire Online campaign.
Shariah-Compliant Fund Growth May Be Overstated: Cerulli
Current assets in Shariah-compliant investments may be more modest than cited by many regulators and industry players, according to a new analysis.
Vanguard: Target-Date Funds Balance Investment Behavior
With recent market volatility, a concern that some participants are too aggressively invested in equities has been added to the ongoing concern that some participants are invested too...
S&P Sees December as Glimmer of Hope in Otherwise Bad Year
Global equity markets rebounded in December, according to Standard&Poor’s Index Services monthly global stock market review, “World by Numbers.″
New Company Stock Suit Filed against Boston Scientific
A former employee of Boston Scientific Corp., who dropped out of a previous lawsuit before it was dismissed, has filed a new lawsuit alleging the company breached its...