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Herz On Board at DailyAccess
DailyAccess Corporation, a provider of recordkeeping, administration, and consulting services for retirement plans, has tapped Scott Herz as Regional Sales Director for its Midwest region.
Bill Would Open CalPERS to Private Sector Workers
Californians who don’t have access to a retirement savings plan at work could be able to set up a 401(k)-style account through the state of California under a...
TIAA-CREF Launches New Real Estate Fund
TIAA-CREF Asset Management has announced the launch of TIAA-CREF U.S. Real Estate Fund I, L.P.
Architect of IRS 403(b) Regs Says Limited Formal Guidance Coming
Those waiting for additional guidance from the IRS dealing with 403(b) model plan language or information sharing agreements shouldn’t hold their breath.
Morningstar Opens Alternative Research Platform
Morningstar has launched a new institutional research platform focused on alternative investments.
DoL Offers New Information Channel for Employers
Small businesses wondering about the best retirement plan design have a new resource from the government.
Principal Touts New Tool for 403b Plans
The Principal Financial Group is rolling out a new tool that walks nonprofit employers and their financial professionals through the decisionmaking process.
Marriage Penalties?
In general, marriage means more housework for women and less for men.
Retirement Confidence Plummets in EBRI Survey
Worker confidence in being able to afford a comfortable retirement decreased over the past year by a rate unmatched in the 18 years of the Retirement Confidence Survey,...
Many Employees Want Financial Planning and Advice at Work
About half of employees want their employers to provide retirement advice and almost as many (44%, increasing from 30% last year) would like to receive access to general...
Fidelity Launches Its First Long-Short Mutual Fund
Fidelity Investments has launched its first mutual fund that will engage in ‘short’ sales as well as ‘long’ investments.
Hancock Puts Out 401(k) Guaranteed Income Rider
John Hancock Retirement Plan Services has launched its Guaranteed Income for Life (GIFL), an optional 401(k) rider featuring a principal guarantee.
SEC Site Allows Easier Fund Performance Comparisons
The Securities and Exchange Commission (SEC) has launched an Internet Web page allowing investors to more easily compare fund cost, risk, and past performance information provided by mutual...
SPARK Seeks Comments on 403(b) Information Sharing Agreement
The SPARK Institute has released for public review and comment a draft sample Information Sharing Agreement (ISA) for 403(b) plan vendors and employers.
RealRetirement Funds Chooses Dow Jones Benchmark
PIMCO has chosen the Dow Jones Real Return Target Date Indexes to serve as benchmarks for the PIMCO RealRetirement funds.
Financial Concerns Causing Some to Delay Retirement
Four in 10 American adults (41%) are holding off on major life decisions – including retirement - either because they are financially strapped or worried about the U.S....
McKay Hochman Unveils 403(b) Plan Document Product
McKay Hochman Co., has announced the availability of updated 403(b) plan documents.
Study Touts Web as Sales Tool
Advisers covered by wholesalers and who use the Web as an effective sales tool averaged 25% more sales than those who do not use the Web, according to...
Thrivent to Increase Financial Rep Force by 800
Thrivent Financial plans to hire more than 800 financial representatives by the end of 2008 to meet the increasing demand by Americans for a financial road map for...
IMHO: Legends for Our Times
Ours is an industry of fairly recent invention–one that is, in many respects, only just beginning to emerge from the growth pangs of adolescence.