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New Jersey 403(b) Administrator Makes Fourth Acquisition
A New Jersey-based 403(b) benefits administrator specializing in the K-12 market has acquired an Ohio 403(b) consultant.
ABA Says DoL Didn’t 'Strike the Right Balance'
The American Bankers Association (ABA), in a letter to the Department of Labor (DoL), expressed its concern over the implications of the agency’s recently proposed fee disclosure rules...
New Data Confirms Americans Working Through Retirement
An analysis of new Census Bureau data by the Congressional Research Service (CRS) confirms earlier theories that Americans will work longer than in previous generations - either by...
MetLife Tool Helps Navigate Open Enrollment Season
MetLife has launched a free online tool that it says will help employees choose the most appropriate benefits for “people like me.â€
STOXX Licenses Benchmarks for ETF Use
STOXX Ltd., has licensed the Dow Jones STOXX 600 Basic Resources, Dow Jones STOXX 600 Oil&Gas, and Dow Jones STOXX 600 Utilities indexes to ETF Securities Ltd. to...
Invesco PowerShares Releases Transportation ETF
Invesco PowerShares Capital Management LLC, announced the listing of the PowerShares Global Progressive Transportation Portfolio that will begin trading September 18, 2008, on the Nasdaq Stock Market.
Invesco PowerShares Releases Biotech ETF
Invesco PowerShares Capital Management LLC, announced the PowerShares Global Biotech Portfolio will begin trading Thursday, on the Nasdaq Stock Market.
August Fund Flows Favor Money Market, Fixed Income
Market volatility so far in 2008 may have prompted many investors to flee equities but they apparently haven’t lost faith in mutual funds entirely, according to new data.
GAO Calls for Simplified IRA Rules
A Congressional watchdog agency has recommended the Internal Revenue Service (IRS) simplify its individual retirement account (IRA) rules so more people can take advantage of the tax-sheltered savings...
Bank of America Buys Merrill Lynch
Bank of America Corporation has agreed to acquire Merrill Lynch&Co., Inc. in a $50 billion all-stock transaction.
Transferring Participants Come “Home,″ Dump International
Participants continued to flee equities for the relative security of GIC/stable value during August.
IMHO: “Free,″ Falling
According to a new survey, nearly one in 10 plan sponsors still believes that they pay no fees for their retirement plan.
IMHO: “Free,″ Falling
According to a new survey, nearly one in 10 plan sponsors still believes that they pay no fees for their retirement plan.
Brokers: Being Forced to Buy Back ARS Is Unfair
The New York state attorney general’s office is close to reaching a settlement with brokerage firm Fidelity Investments over its marketing of auction-rate securities (ARS), The New York...
BCG Offers New Rollover Solution
Considering the retirement savings lost every year by participants who take lump-sum distributions of their plan accounts, Benefit Consultants Group launched a service that “offers a unique approach...
What’s in a Fee?
Almost a third of plan sponsors don’t know how much they pay their adviser or consultant.
Prudential to Acquire MullinTBG
The Prudential Insurance Company of America has entered into an agreement to acquire MullinTBG Insurance Agency Services, LLC (MullinTBG).
HSBC Expands Frontier Markets Capabilities
HSBC Global Asset Management announced it will launch a Middle East and North Africa fund next month as part of its plans to expand its capabilities in frontier...
Study: Asset Managers Should Use Segmentation Strategies for Advisers
When it comes to reaching out to advisers, asset managers need to stop attempting the one-size-fits-all approach, according to a study by asset management consulting firm kasina.
IRA Assets Reach $4.75T
Total assets in individual retirement accounts (IRAs) grew 12.5% in 2007, reaching a record $4.75 trillion, according to a study released Thursday by the Employee Benefit Research Institute...