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Examining the Glide Path Methodology for Target Maturity Funds
As plan’s use of target-date, or target-maturity, funds increases, discussions about how best to structure and benchmark these funds have become more frequent.
Perspective: Why Plans That Need Target-Date QDIAs Need You
Final QDIA regulations issued by the Department of Labor in October offer the financial services industry – and every plan sponsor – a once-in-a-generation opportunity to contribute to...
Excessive Fee Suit Against Fidelity Survives Initial Challenge
A federal judge in Missouri has determined that the fiduciary breach lawsuit over excessive fees and revenue sharing practices in ABB’s 401(k) plan, filed by the St. Louis-based...
Breach Suit against Broker Too Late
A judge has dismissed a profit-sharing plan participant’s fiduciary breach suit against the plan’s broker because it was filed after the three-year statute of limitations required under the...
Principal Integrates Consultant and RIA Support
The Principal Financial Group has adopted an integrated approach to support retirement plan consultants and independent registered investment advisers (RIAs).
Mutual of Omaha Offers Managed Accounts, Target-Date Funds
Mutual of Omaha now offers managed accounts and target-date funds for use in retirement plans.
Law Firm Gets to Proceed with Fee Lawsuit Against Hancock
Because John Hancock Life Insurance Co. could be judged to have been a fiduciary for a law firm’s 401(k) plan, the plan’s trustee can continue with his fiduciary...
Boomers Reducing Spending But Not Saving More
Although 61% of Baby Boomers are spending less, the money they are saving is not going toward retirement.
Transamerica Puts Out Fiduciary Management Product
Transamerica Retirement Services has announced its Fiduciary Management Program to allow advisers to help plan sponsors clearly define, execute, and document investment selection and monitoring.
JPMorgan Taps Murphy for Retirement Plan Services Post
JPMorgan has named James E. Murphy as chief executive officer of JPMorgan Retirement Plan Services.
Lincoln Announces New Head of Product for DC and Executive Benefits
Cynthia King has joined Lincoln National Corporation as Head of Product for Lincoln Employer Markets’ Defined Contribution and Executive Benefits business segment.
Waltman to Head up Pru Retirement Investment Products Team
Frank Waltman has joined Prudential Retirement as head of its Investment Products team.
Pru Fixed Income Taps Lillard as CIO
Prudential Fixed Income Management (PFIM) has named Michael Lillard as Chief Investment Officer, the company announced
Claymore Announces U.S. Capital Markets ETFs
Claymore Securities Inc. on Tuesday launched three broad market exchange-traded funds (ETFs) representing the value of the U.S. capital markets as a whole.
Dow Undergoes Rare Revision
It doesn’t happen often – but today it was announced that the Dow Jones Industrial Average will undergo some changes.
Newport Group to Distribute Pru’s IncomeFlex
Prudential Retirement has entered into a distribution agreement with The Newport Group to offer Prudential IncomeFlex, a 401(k) retirement income solution.
Keane Joins MassMutual's Northeast Sales Team
William Keane has joined MassMutual's Retirement Services Division as a sales director, according to the firm.
Advisers Targeted with New DC Investment Reports
AIM Investments has launched new customized reports to help financial advisers more effectively analyze, document, and compare defined contribution plan investments.
Most Off Base with Retirement Planning and Spending
Most retirees (95%) of retirees who work with financial advisers during the first two years of retirement to discuss spending find it valuable, but just one in five...