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Medical Firms Embrace Cash Balance Plan Design
Medical firms make up more than a quarter of employers offering cash balance plans, according to a new plan census by an Encino, a California-based cash balance consultant.
Invesco PowerShares Introduces Global Asset Allocation ETFs
Invesco PowerShares Capital Management LLC unveiled three exchange-traded fund (ETF) portfolios that are ETFs of ETFs.
It Might Pay to Litigate Against FINRA
An annual study by Sutherland Asbill&Brennan LLP found that broker/dealers are often more successful than individuals in hearing panels against the Financial Industry Regulatory Authority (FINRA).
MassMutual Names Senior Vice President for Retirement Services
Massachusetts Mutual Life Insurance Company (MassMutual) named Hugh O’Toole as Senior Vice President in charge of national sales and distribution for the company’s Retirement Services division.
State Street Unveils Two SPDRs
State Street Global Advisors (SSgA), the investment management arm of State Street Corporation, said two SPDR exchange-traded funds (ETFs) will begin trading on the American Stock Exchange Tuesday.
Merrill Lynch Sees Strong Adoption of Roth 401(k)
The Merrill Lynch Retirement Group reported that among the 1,700 plans on its proprietary recordkeeping system, almost 200 (12%) had added a Roth 401(k) option as of the...
Most Americans Do Not Expect Comfortable Retirement
The percentage of Americans who say they will be able to live comfortably in retirement fell to 46% from 53% a year ago, a Gallup poll found.
Most 401(k) Participants Make Savings Mistakes
A report found that 69% of participants have 401(k) portfolios with inappropriate risk and/or diversification.
IMHO: One More Thing To Do
Last week, the Connecticut legislature didn’t get around to voting on a bill that would have effectively set up a state-sponsored 401(k) plan for small businesses.
IMHO: One More Thing To Do
Last week, the Connecticut legislature didn’t get around to voting on a bill that would have effectively set up a state-sponsored 401(k) plan for small businesses.
Cohen&Steers and ALPS Introduce Real Estate ETF
ALPS Holdings, Inc., and Cohen&Steers launched a global real estate exchange-traded fund (ETF).
Alpha Fiduciary Brings on Former Pilot as SVP
John E. Kriss has joined Alpha Fiduciary Wealth Management as Senior Vice President and investment adviser.
Retirement Assets Exceeded $17 Trillion in 2007
Americans held $17.6 trillion in retirement assets at the end of 2007, up $1.1 trillion from year-end 2006, according to a report from the Investment Company Institute (ICI).
UBS Agrees to Repay Investors of Risky Securities
UBS Financial Services Inc. reached an agreement with Massachusetts Attorney General Martha Coakley to return $37 million to 17 cities and towns, as well as to the Massachusetts...
Great-West Announces Retirement Services Promotions
Charles P. Nelson was appointed President of Great-West Retirement Services.
Conn. 401(k) Bill Shelved in House
A bill allowing the state of Connecticut to sponsor a 401(k) plan for small businesses apparently was a casualty of the last-minute scramble by lawmakers to end their...
Regulators Weigh In on Benefit Plan Reporting
Federal benefit plans regulators on Thursday assured plan sponsors that paying strict attention to plan reporting rules was actually to their advantage.
EBSA Studies 403(b) Orphan Contract Problem
A top Department of Labor (DoL) benefits regulator on Thursday revealed that the agency is studying ways to help 403(b) plan sponsors better deal with the difficult problem...
Morgan Stanley Launches Two Euro ETNs
Morgan Stanley will issue two exchange-traded notes (ETNs), which aim to provide leveraged directional exposure to the euro/U.S. dollar exchange rate.
Hispanic Americans Have Self-Reliant Approach to Retirement
Although Hispanic Americans are saving for retirement, more than two-thirds do not use a financial adviser, a study by Prudential found.