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MassMutual Beefs Up Participant Ed Tools, Team
MassMutual’s Retirement Services Division announced plans to expand its participant communication and education beyond retirement-related topics.
Guardian Helps Spanish-Speaking Employees with Enrollment
The Guardian Life Insurance Company of America adding more features to serve the Spanish-speaking workforce to its employee benefit enrollment services.
Worst Month Ever for World Equity Markets
World equity markets registered their worst month in history as investors lost an estimated $5.79 trillion during October, Standard&Poor’s Index Services announced Monday.
S&P Unveils International Bond Benchmark
Standard&Poor’s has launched the S&P /Citigroup International Treasury Bond Index Series.
Maryland Plan Provider Drops Installation Fees
CDM Retirement Consultants., a Towson, Maryland-based open architecture plan provider, is giving sponsors a break on fees.
Court Allows Comcast Company Stock Suit to Move Forward
The U.S. District Court for the Eastern District of Pennsylvania has moved forward several fiduciary breach claims against Comcast Corporation for its handling of company stock retirement plan...
IMHO: Ballot 'Initiative'
For all the talk of “hope″ and “change,″ this extended election cycle has offered little of either, IMHO.
Q208 Sees Slight Fund Asset Drop-Off
Mutual fund assets worldwide decreased 0.7% to $24.64 trillion at the end of the second quarter of 2008, according to Investment Company Institute (ICI) data.
September Fund Outflows Exceed $21B
Stock and bond funds experienced net outflows of $21.9 billion in September, according to data from the Financial Research Corporation (FRC).
Funds See September Asset Drop
The combined assets of the nation's mutual funds fell 8.3% or $959 billion to $10.6 trillion in September, according to Investment Company Institute (ICI) data.
Managed Account Assets at $1.8T
Total managed accounts assets reached $1.85 trillion through the first half of 2008, according to the annual report “Cerulli Quantitative Update: Managed Accounts 2008.″
NIRS Warns DB to DC Move Can Increase Costs
Research by the National Institute on Retirement Security (NIRS) suggests freezing a defined benefit pension plan might not reduce costs.
TD AMERITRADE, Apple Launch Mobile Trading Tools
TD AMERITRADE now offers mobile trading applications for iPhone and iPod touch, now available on the Apple App Store.
Adviser Confidence Falls to Lowest Point in Rydex Index History
Many advisers have been the champions of phrases such as “stay the course″ and “weather the storm,″ but even advisers have a sinking confidence in the market, according...
SEC Charges B/D Firm for Improper Gifts to Fidelity Employees
The Securities and Exchange Commission (SEC) charged privately held, registered broker/dealer Lazard Capital Markets LLC with failing to supervise three employees who spent more than $600,000 while 'improperly...
LaRue Bows Out of Legal Fight
A Texas management consultant, whose lawsuit over 401(k) fiduciary breach allegations became the subject of a landmark U.S. Supreme Court ruling on participants’ legal rights, has apparently run...
Guiding Participants through Ups and Downs
Just telling participants to “stay the course″ might not be enough.
John Hancock Extends Reach via Morgan Stanley Agreement
John Hancock Retirement Plan Services (RPS) has increased the number of advisers able to offer services to 401(k) plans through a new distribution agreement reached with Morgan Stanley.
Survey Shows Auto Enrollment Winning Prevalence
Automatic enrollment of employees into defined contribution retirement plans has been adopted by a majority of surveyed plan sponsors, according to Mercer.
State Lawsuit against Merrill Thrown Out
A federal appellate court ruled that a plan sponsor cannot rely on Florida state law to sue Merrill Lynch for allegedly aiding a plan provider in committing fraud...