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International iShares Move to Semi-Annual Income Distribution
More than 50 international iShares funds, all of which previously distributed income annually, will begin distributing income twice per year.
New CPI Division Assists 403(b)s with Vendor Management
CPI Qualified Plan Consultants, Inc., has created a new division to offer common remitter and compliance services to 403(b) retirement plan sponsors.
Judge Tosses Fee/Commission Conspiracy Case against Workplace Insurers
After declaring that none of the six major insurance providers accused in a commission conspiracy were fiduciaries under the Employee Retirement Income Security Act (ERISA) a federal judge...
Two More Hours of Weekly Sales Activity Leads to Millions
Shifting two hours per week from administrative duties to selling can result in millions of dollars in incremental sales for companies.
Women over 50 Can Lag in Annuity, Pensions
As a result of a difference in their length of time in the workforce, women who were older than 50 in 2006 were much less likely to have...
IRS Releases Revised Application for Plan Qualification
The Internal Revenue Service (IRS) announced that a new version of Form 4461-A, “Application for Approval of Master or Prototype or Volume Submitter Defined Benefit Plan,″ has been...
Mind Over Matters
They say you get what you pay for – but maybe it just feels that way.
401(k) Participants More Active in 2007 than Years Prior
401(k) participants had equities on their minds in December, according to the latest Hewitt 401(k) Index data.
FundQuest Hires Director of Retirement Management Solutions
FundQuest, a global provider of managed account investment solutions for financial institutions and advisers, has hired Leslie Prescott as Director of Retirement Management Solutions.
Online 401(k) Adds Auto Plan Features
The Online 401(k) will now offer automatic plan features to its small and single-proprietor business clients.
Dow Jones Wilshire Global Index Family Expands
Dow Jones Indexes and Wilshire Associates have announced that Bahrain, Kuwait and Sri Lanka will be added to the Dow Jones Wilshire Global index family.
MA Firm Launches Plan Advice Offering
A Newton, Massachusetts firm, I-Pension LLC, has launched a new retirement plan investment advice program.
Study Says Variable Annuity Works Well in Retirement Portfolio
Investors who add a variable annuity with a lifetime guaranteed minimum withdrawal benefit (GMWB) to a stock and bond retirement portfolio can enjoy pumped up income with less...
Garden State Pension Plans Takes Citi, Merrill Equity Stakes
Causing a stir among Wall Street pundits, the state of New Jersey’s $80-billion pension plan will take equity positions in both Citigroup and Merrill Lynch&Co. – both suffering...
2007 a Year of Records for ETFs
State Street Global Advisors’ (SSgA) US-Listed ETF Industry Review and 2008 Outlook shows 2007 was a record year for exchange-traded fund (ETF) asset growth, trading volume, and product...
Supreme Court Ruling Limits Shareholders’ Ability to Sue
The U.S. Supreme Court has ruled that defrauded shareholders should not necessarily be allowed to sue advisers, lawyers, accountants, and vendors that serve the company that committed the...
Social Investing Research Firm Puts Out Two Faith-Based Indexes
A Portland, Maine-based provider of environmental, social, and governance research, and consulting has released two new indexes aimed at faith-based investors.
Dow Jones Indexes Teams for Dharmic Initiative
Investors looking for a new measure of socially responsive portfolios can now tap into one that purports to track the performance of companies that adhere to Dharmic principles.
OneChicago Announces Trading of Single Stock Futures on ETFs
OneChicago, LLC, the all-electronic exchange for trading Single Stock Futures (SSFs), a synthetic stock lending and financing tool, today launched the trading of two additional SSFs on exchange-traded...
Affluent Seniors a Notable Force in Online Financial Pursuits
Affluent seniors over age 70 spend nearly three times as much of their online time on financial matters as those younger.