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Advisers Help Grandparents with College Savings
Grandparents want help from advisers creating a savings plan to contribute to their grandchildren’s college education, according to research from The Hartford.
Securian Adviser Tool Helps Clients Move Past Debt
Securian said it now offers advisers tools they can use to help clients face their issues with debt and develop a strategy for setting up a steady stream...
Still River Updates Software to Support 403(b) Plan Monitoring
Still River Retirement Planning Software, Inc., revised its software to support ongoing compliance with new IRS regulations requiring 403(b) plan sponsors to monitor participant loans and hardship withdrawals.
Schwab CEO Gives Perspective to Investors
Charles Schwab&Co. Inc. offers online commentary about recent market events from Founder and Chairman Charles R. Schwab.
Fidelity Announces Job Cuts
Fidelity Investments said Thursday it will cut nearly 1,300 jobs this month, and more layoffs are expected early next year.
SEC, NASAA Registration System Fees Waived for Adviser Firms
The Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA) said they will waive the initial set-up and annual system fees paid by investment...
MetLife Unveils 403(b) Specimen Document
Plan sponsors and advisers of 403(b) plans now have access to a specimen document that can help them comply with new legal requirements.
BlackRock’s Doll: Little Change from Obama in the Short-Term
Now that the election is over, what will a Barack Obama administration mean for the future of the markets?
Newport Taps Two Regional Sales Chiefs
The Newport Group announced it appointed Kris Krikorian and David Semmler as regional directors, reporting to Newport’s Chief Marketing Officer Tom Pittman.
Kravitz Takes on JPMorgan Cash Balance Plan Business
Kravitz, provider of cash balance pension plans, announced it has completed the acquisition of the MaxPlan retirement plan business from JPMorgan Retirement Plan Services.
Former Putnam Execs Agree to SEC Settlement
Two former executives of transfer agent Putnam Fiduciary Trust were given permanent injunctions and ordered to pay civil penalties, the Securities and Exchange Commission announced.
Lincoln Puts Hayes in Funds Management Slot
Lincoln Financial Group named Daniel Hayes as head of Funds Management, Retirement Solutions, the company announced.
Federal Court Cuts Off Indemnification Claim
A federal judge ruled that John Hancock Life Insurance Co. is not entitled to indemnification and contribution.
Wachovia Extends Participant Call Center Hours
Wachovia Retirement Services has temporarily extended customer service call center hours to help participants “during this time of financial markets volatility.â€
End of LaRue Case: a 'Simple Matter of Economics'
The Texas management consultant whose name has been attached to a landmark U.S. Supreme Court ruling on participants’ legal rights to pursue fiduciary breach claims has no regrets.
If You Match It, They Will Save, Study Says
In a new report, Charles Schwab says there is a strong connection between a plan sponsor’s company match contribution formula and participant savings rates.
Tightening Economy Squeezes 401(k) Match Suspensions
A New York-based commercial real-estate broker and a Pennsylvania broadcasting company are the two latest employers to cease their 401(k) matching contributions as part of belt-tightening efforts.
Direxion Enters ETF Market
Direxion announced its entrance into the exchange-traded fund (ETF) space with the Direxion Shares 3x ETFs, slated to begin trading November 5.