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Thrivent Funds Offer International Investing and Inflation Protection
Thrivent Asset Management has launched two new mutual funds to offer investors access to diversified international investing and to help protect investors in retirement from inflation.
ING Releases 403(b) Plan Documents
ING has announced it is making available 403(b) plan documents public schools can adopt to meet the new IRS 403(b) requirements by January 1, 2009.
Sun Life Expands Portfolio Capabilities
Sun Life has added three diversified fund family portfolios to further boost adviser choice when determining the best option for clients.
MetLife Investors Hires New Leader for Wirehouse Channel
John C. Kennedy has joined MetLife Investors Distribution Company to lead the company’s wirehouse channel.
Touchstone Adds Growth Fund
Touchstone Investments is expanding its product offering with the introduction of the Touchstone Mazama Institutional Growth Fund.
TIAA-CREF Adds International Equity to Social Choice Annuity Account
TIAA-CREF, provider of retirement services in the academic, medical, and cultural fields, has announced the addition of international equity investments to its CREF Social Choice variable annuity account.
Court Approves Settlement of New York Life Self-Dealing Case
A federal judge in Pennsylvania has approved a $14 million settlement of a nine-year legal battle over allegations New York Life Insurance Co. improperly directed employees’ and agents’...
Principal Tool Gives Advisers Tailored Access to Client Data
A new online account management tool from The Principal Financial Group provides retirement-focused financial professionals fast, tailored access to client data, according to a company announcement.
American Funds and California AG End Revenue Sharing Litigation
California’s Attorney General and Capital Research and Management Company, the investment adviser to the American Funds family of mutual funds, have entered into an agreement to withdraw their...
Biggest Help for Middle Income Boomers is Social Security Changes
A new study by a Washington, D.C. social policy research group concludes that changing the income thresholds for taxing Social Security benefits would be the biggest help to...
Increasing Health Care Costs Preventing Retirement
A new study from the Center for Retirement Research (CRR) at Boston College indicates that one result of increasing health care costs is workers deciding to delay retirement.
S&P Rebrands Sector Indexes
Standard&Poor's has renamed the sector indices acquired from Goldman Sachs in February 2007 to the S&P North American Sector Indices.
IMHO: Utility “Bill″
While it’s been a relatively mild winter here (and it’s not over yet), it’s been cold enough—and our house old enough—that opening the various utility bills has been...
IMHO: Utility “Bill″
While it’s been a relatively mild winter here (and it’s not over yet), it’s been cold enough—and our house old enough—that opening the various utility bills has been...
RIAs Much Less Optimistic about the Economy than Last Year
Independent registered investment advisers (RIAs) are much less optimistic about the economy than they were previously, says the latest Schwab Institutional survey.
DC Participants Invest in the Extreme
Although the average U.S. household invests about 55% of its 401(k) or other defined contribution plan assets in stocks, many Americans are going to extremes when it comes...
IRS Publishes PPA Distribution Changes Guidance
The Internal Revenue Service (IRS) has issued new guidance regarding three areas of plan administration changed by the Pension Protection Act of 2006 (PPA).
403(b) Plan Documents Available From ftwilliam.com
Plan document provider ftwilliam.com has released two new 403(b) plan documents, updated with the 2007 final regulations.
SEC Settles Charges Over Broker Gifts With Fidelity
The Securities and Exchange Commission (SEC) announced that Fidelity Investments agreed to pay an $8 million penalty in connection with charges 13 current or former employees improperly took...
Everett Tapped for Principal Funds Post
Everett most recently served as senior vice president and deputy general counsel at the Principal Financial Group, the company said in an announcement. Ralph Eucher, former president of...