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CPI Retirement Platform Adds The Royce Funds
The Royce Funds have been added to the CPI retirement plan platform, announced CPI Qualified Plan Consultants, Inc., a third-party recordkeeping and administration company.
SPARK Institute Updates 403(b) Guide
The SPARK Institute released a new version of its “Best Practices for 403(b) Plans Information Sharingâ€″Minimum and Comprehensive Data Elements.â€
Participants Pull Back during Financial Turmoil
A survey found that participants appear to be responding to the economic and financial crisis by delaying retirement, saving less, and reallocating their retirement investments.
Pacific Life Sales Kit Explains Insurance Use in Retirement Savings
Pacific Life unveiled a sales kit designed to help advisers working with business owner clients use life insurance to close the retirement savings shortfall in defined benefit plans.
Some 401(k) Sponsors Still Fans of Unbundled Services
The defined contribution investment only (DCIO) market composes 12% of all 401(k) plans, or approximately 63,000 plans, according to a Spectrem Group study.
Fueled by Target-Date Growth, DCIO Firms Up Sales Efforts
Much of the spending increases in the DCIO market are being directed at new sales force hires and marketing programs designed to support retirement plan advisers, according to...
Northern Trust Hit with Securities Lending Lawsuit
The fiduciaries of BP Corp. North America Inc.'s retirement plans have accused Northern Trust Co. of breaching their fiduciary duties by not disclosing substantial securities lending losses.
ICI: You Can Count on the Private Retirement System
In a statement presented to a recent Congressional Committee, the Investment Company Institute (ICI) made a compelling case for riding out the current market turmoil.
Fidelity Reviews Costs, Staffing
Fidelity Investments said on Tuesday it was reviewing its costs and staffing, Reuters reported.
Many Plan to Start Social Security at 62
A Fidelity Investments survey found that nearly half (45%) of Americans age 61 are planning to begin taking Social Security at 62, the first year that eligible recipients...
Fidelity Adds Social Security Web Content
Fidelity introduced a series of new educational resources to help Americans better understand their Social Security options, and how it can impact their retirement income.
KLD, FTSE Unveil ESG Index Suite
KLD Research&Analytics, Inc.â€″a provider of environmental, social, and governance (ESG) research and indexesâ€″and global index provider FTSE have partnered to offer a suite of ESG indexes.
Some Too Strained to Save
Many who have stopped contributing to their retirement plans have done so because of the financial crisis.
MFS Wades into DCIO Market
MFS Investment Management (MFS) completed the formation of a business development office for the defined contribution investment only (DCIO) marketplace, the company said.
The Alternative Route
Following the success of alternative investments for institutional investors, advisers are increasingly using alternative investments in the retail market, Cerulli research says.
The Rising Fame of ETFs
It certainly hasn’t happened yet, but Cerulli analysts say exchange-traded funds (ETFs) could rival mutual funds if they become widely adopted in defined contributions plans.
SunGard Adds to WealthStation Financial Planning Features
SunGard announced more enhancements to its WealthStation platform, including a cash flow-based approach to retirement planning, new online self-service client tools, and new financial planning capabilities for Canadian...
BoNY Mellon Launches Global Depository Receipt Indexes
The Bank of New York Mellon launched The Bank of New York Mellon GDR Index and 30 global depositary receipt (GDR) subindexes.
IRS to Waive 2008 Deferred Comp Code Y Reporting
The Internal Revenue Service (IRS) will waive the requirements for Code Y reporting in 2008 of amounts deferred under 409A for nonqualified deferred compensation plans (NQDC).