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Firm Releases Retirement Income Forecasting Tool
Business Logic Corporation launched a tool to calculate retirement income from target-date funds.
Women Trust Advisers Over Cyberspace
Although the Internet is the first place they tend to start their search, women said advisers and other human sources are the most effective way to absorb financial...
BNP Paribas Launches Two ETFs
A new index – and a new exchange-traded fund (ETF) based on that index – have launched.
Most Expect to at Least Get By in Retirement
They may not be cheerfully optimistic, but most workers feel they’ll be able to at least “get by″ in retirement.
Manning&Napier Adds to Target-Date Funds
Manning&Napier has added six target-date funds to its current lifecycle family.
The Economic Road to Recovery
The chief investment strategist for MFS Investment Management imparts his economic wisdom for the future.
UNUM to Pay $5.5M for Not Disclosing Fees
Employee benefits provider UNUM Group will pay $5.5 million in fines and penalties for violations under ERISA.
Wachovia Releases Educational Video for Participants
A Wachovia Retirement Services (WRS) offering allows participants in Wachovia-administered plans to learn about the ins and outs of retirement savings.
Schwab Updates Back-Office System for RIAs
The newly renamed PortfolioServices by Schwab Performance Technologies (SPT) enables RIAs to outsource back-office functions, the company said.
Northern Trust Launches ETF Tracking Irish Stock Exchange's Index
Northern Trust today launched the first U.S.-listed ETF to track the ISEQ 20 Index of the Irish Stock Exchange.
RBC Acquires Ferris, Baker Watts, Incorporated
Royal Bank of Canada completed the acquisition of broker/dealer Ferris, Baker Watts, Incorporated (FBW), the company said.
Arthur J. Gallagher&Co. Acquires the Lance Group
Arthur J. Gallagher&Co. acquired employee benefit broker The Lance Group, LLC, the company announced.
Fiduciary Concerns on the Rise, Advisers Say
Three out of four advisers have observed heightened fiduciary concerns from plan sponsors since last year, according to a survey by Putnam Investments.
CPI Names National Director of B/D Relationships
Kyle Mitchum accepted the position of national director of broker/dealer relationships at CPI Qualified Plan Consultants, Inc., a third party recordkeeping and administration company.
IMHO: “Swimming″ Pool
Having just spent most of the past week in Chicago at our annual Plan Designs conference (bigger and better than ever, I might add!), my head is still...
Using Plan Data to Improve Features and Operations
In addition to facilitating administrative and fiduciary functions, retirement plan data can help plan administrators decide on value-added plan features and services.
Shareholders Sue Lehman Brothers over Subprime Losses
A lawsuit was filed on behalf of shareholders against Lehman Brothers Holdings Inc., alleging the conduct of Lehman and four high-ranking officers caused the economic loss suffered by...
Mutual Funds Enjoy Positive Inflows in May
U.S. stock, bond, and money-market funds experienced inflows of more than $75 billion in May, according to Strategic Insight.
Bear Stearns Hedge Fund Managers Arrested for Fraud
Two former Bear Stearns hedge fund managers were arrested Thursday and indicted on conspiracy and fraud counts.
Two Law Firms Probe Lehman Brothers 401(k) Plan Fiduciaries
The law firms of Milberg LLC and Liner Yankelevitz Sunshine&Regenstreif LLP separately announced they are investigating possible Employee Retirement Income Security Act (ERISA) violations by fiduciaries of the...