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SPARK Updates 403(b) Info Sharing Best Practices for Roth Values
The SPARK Institute has released “Best Practices for 403(b) Plans Information Sharing -- Minimum and Comprehensive Data Elements Version 1.03.â€
Consultant Launches Call Center for Sponsors
Ohio-based Oswald Financial, Inc., a consultant in the design, implementation, and management of retirement plans, has launched a retirement plan hotline for employers and retirement plan fiduciaries.
Vanguard Says Participants Standing Pat
A Vanguard analysis finds participants are heeding expert advice to stay the course during the market turmoil, and are not trading and withdrawing funds in a panic.
Employer Cleared in Conversion Distribution Dispute
A federal judge in Kentucky has cleared an employer of charges it violated the Employee Retirement Income Security Act (ERISA) by not including early retirement benefits in a...
Merrill Lynch Stockholders Approve BoA Deal
Merrill Lynch&Co., Inc., announced that its acquisition by Bank of America (BoA) has been approved.
Perspectives by Matt Smith
The Seven Habits of Highly Ineffective Retirement Plan Advisers
Matt Smith Moves from Russell to Aon
Aon Consulting Worldwide, the global human capital consulting organization of Aon Corporation, appointed Matt Smith as senior vice president and leader of the defined contribution practice in the...
ING Reshuffles U.S. Wealth Management
ING Group announced a reshuffling of its U.S. Wealth Management unit that, among other things, separates annuities from retirement services and includes the departure of the unit’s chief...
MassMutual Appoints Two Sales Directors
MassMutual’s Retirement Services Division announced two sales appointments.
Americans Worry about Retirement Savings
Although many polled Americans express anxiety about retirement, more than four in 10 do not work with an adviser, a Bank of America (BoA) survey found.
Principal Releases Gap Analysis Tool
The Principal Financial Group introduced a planning analysis designed to assess widening business and personal financial gaps for business owners.
Smith Barney Reorganizes Retirement Group
Citigroup Global Wealth Management combined its retirement units into one group, which its Managing Director Anne Greenwood said will be more focused on holistic planning and collaboration among...
Prudential Will Sell Stake in Wachovia Securities
Newark-based insurance company Prudential Financial today said it plans to sell its minority stake in Wachovia Securities to Wells Fargo.
Cain Hayes Departs Principal for Nationwide
Nationwide Financial Services, Inc. has selected Cain Hayes to lead its bundled retirement plan services.
No Deflation in Cost of True Love
Recession or not, true love will cost you dearly this year.
McGirr Tapped for Head of Lincoln IRA Strategies
Lincoln Financial Group announced that Tom McGirr has joined the company as head of IRA Strategies, Retirement Solutions.
WisdomTree Releases Large-Cap Growth ETF
WisdomTree, an ETF sponsor and index developer, announced the Thursday launch of the WisdomTree LargeCap Growth Fund (ROI) on the NYSE Arca.
ProFunds Launches Gold/Silver ETFs
ProFunds Group is launching what it calls the first exchange-traded funds (ETFs) in the U.S. to provide short or leveraged exposure to gold or silver.
Most Workers Not Touching Retirement Savings
Nine in 10 U.S. workers in their employer retirement plan have not tapped into their nest egg despite the economic downturn, and 11% are actually upping their deferral...
PlanSource Acquires Instant Benefits Network
PlanSource said it will now be able to manage a broker’s entire book of business under one solution.