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RESOURCES for Retirement Hires Investment Analyst
RESOURCES for Retirement, a plan advisory and consulting firm, brought on Abraham Nel to provide plan investment analytics to its expanding client base, the company said.
House Panel OKs Auto Enrolling New Fed Workers
A House Committee approved a measure to auto enroll new federal workers in the Thrift Savings Plan with a 3% deferral.
Law Firm Gears Up for Potential IndyMac Suit
Class action law firm Keller Rohrback kicked off an investigation of allegations that IndyMac Bancorp executives breached their fiduciary duties by keeping company stock in their 401(k) plan...
M Financial Group Firm Leaves Wachovia
M Financial Group today reintroduced Barry, Evans, Josephs&Snipes as its member firm.
ICI Pushes DoL for More Employee Advice
The Investment Company Institute (ICI) urged the Department of Labor (DoL) to provide workers and retirees with more access to advice and education about managing assets and income...
Advice is Value Added
A Cerulli study says the role of financial planning is becoming more important in client relationships.
Institutional Investor Use of CSAs Nearly Doubles
Institutional investors are abandoning traditional soft dollars in favor of commission-sharing arrangements (CSAs), according to a study by Greenwich Associates
Calculator Tool Reveals 401(k) Loan Damage
When a participant suggests taking a 401(k) loan, maybe it’s time to bring out the numbers.
IRS Proposes Reporting Requirements for Stock Purchase Plans
The Internal Revenue Service issued proposed regulations for corporations that issue statutory stock options.
Advisers Looking for More Guarantees for Clients
The majority of advisers said the cost of living given the current economic environment will impact their clients’ retirement timeline, according to the latest Brinker Barometer survey.
Principal, CIMB Create Islamic Asset Management Firm
The Principal Financial Group and CIMB Group today launched The CIMB-Principal Islamic Asset Management Sdn Bhd.
WisdomTree Middle East ETF Launches
WisdomTree launched the WisdomTree Middle East Dividend Fund (ticker: GULF) on the Nasdaq Stock Market Wednesday.
Economic Slowdown Puts Asset Allocation Out of Whack
Merrill Lynch’s Survey of Fund Managers for July found dramatic polarization in investment allocations and increased skepticism for earnings forecasts.
Biggest Asset Manager Challenge: Delivering Consistent Message
Asset management firms struggle to convey a consistent message to the marketplace, according to Cerulli Associates.
Providers Unsuccessful at Retaining DC Plan Assets
Despite the increased focus on the need to capture Baby Boomers’ assets post-retirement, defined contribution plan service providers are largely unsuccessful at retaining participant assets after retirement, according...
Senators Unveil 401(k) Debit Card Ban
Two U.S. Senators have announced a legislative proposal to ban debit cards linked to 401(k) plans.
UBS Plans to Buy Back Auction-Rate Securities
UBS AG plans to buy back as much as $3.5 billion of auction-rate preferred shares in the face of a lawsuit by Massachusetts authorities claiming the firm fraudulently...
ftwilliam.com Releases NQDC Plan Document
ftwilliam.com, a plan document and government forms software provider, released its 409A non-qualified deferred compensation plan document.
DWS Scudder Rebrands as DWS Investments
DWS Scudder changed its name to DWS Investments, completing a rebranding started two years ago to align with Deutsche Bank Asset Management (DeAM).