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Questions 403(b) Participants Might Ask
As 403(b) plan sponsors and advisers have prepared for new Internal Revenue Services regulations in effect as of January 1, no doubt communications with participants about the new...
Fidelity Names Former Evergreen CEO to Institutional Services Post
Fidelity Investments named Peter Cieszko, former president and CEO of Evergreen Investments, as president of Fidelity Investments Institutional Services Company, Inc.
Younger Workers More Focused on Fiscal Fitness
Fiscal fitness, not physical fitness, is a slightly higher priority for younger adults than for older adults, according to a survey commissioned by Union Bank.
SecurePath Provides Access to Fund Architects Portfolios
Transamerica Retirement Management, Inc., has selected money management firm Fund Architects to enhance its SecurePath Advisory Services retirement planning product.
Millennium Trust Offers Automatic Rollover IRA Solution through WMSI
Millennium Trust Company, a provider of IRA administrative and custody services, announced it has joined Wealth Management Systems Inc.'s (WMSI) Rollover Network.
New York Life Installs Siciliano in Investment Post
John Siciliano has been named as a New York Life Investments senior managing director and head of the firm's investment boutiques.
T. Rowe Adds Income Fund
T. Rowe Price has expanded its fixed-income investment offerings by launching the Strategic Income Fund, the company announced.
McCann Exits Merrill after Bank of America Takeover
Robert McCann, the vice chairman of the wealth management division at Merrill Lynch&Co. Inc., will be replaced by Dan Sontag, according to published reports.
Albridge To Provide Reporting Statements for Enterprise Advisers
Albridge Solutions, a PNC Global Investment Servicing company, and Enterprise Financial Services Corp are teaming up to provide financial advisers consolidated statements and wealth reporting capabilities, the companies...
Morningstar Picks Fund Managers of the Year
Morningstar said its 2008 fund manager winners demonstrate proven strategies by experienced teams, rather than “trend-chasing.″
Prudential Pushes for Guaranteed Products, Auto-Enrollment
In keeping with trends across the industry, Prudential Retirement saw participants in its plans moving away from equities in the latter part of 2008.
Ascensus Picks Up Midwest TPA
Ascensus has acquired Baden Retirement Plan Services (Baden) from Clark&Wamberg LLC.
College Savings Plans Hit Hard by Oppenheimer Fund Loss
Parents’ savings for their children’s college educations took a big hit as a bond fund offered by at least four state 529 plans lost more than a third...
NCR Reduces 401(k) Match
An unconfirmed memo by NCR Corp.’s CEO said effective immediately the company will reduce its employer match for 401(k) plan participants.
Florida Toughens Laws for Annuity Fraudsters
A Florida law that went into effect January 1 includes stronger suitability requirements that agents must meet when selling an annuity to a consumer.
CFP Board Seeks Comment about Disciplinary Rules
The Certified Financial Planner Board of Standards, Inc. (CFP Board), is looking for public comment about proposed revisions to its Disciplinary Rules and Procedures.
Highland Capital Announces Portfolio Manager Changes
Highland Capital Management, L.P., has announced portfolio management changes to two funds, effective January 1.
GateHouse Media Discontinues 401(k) Match
GateHouse Media has become the latest company to suspend its 401(k) match, according to a report in Editor&Publisher.
IMHO: Trend Spotting
Here’s a headline you won’t see this week: “Nobody Cut Their 401(k) Match Today.″
Sears Suspends 401(k) Match in Face of Declining Sales
Sears has announced that it is suspending its 401(k) match for most employees of the giant retailer.