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Another ERISA Litigator Circles Morgan Stanley
The latest ERISA litigation firm to probe the company stock investment in the Morgan Stanley 401(k) Plan and the Morgan Stanley Employee Stock Ownership Plan is Milberg Weiss...
IRS Extends Relief for Employer Stock Account Diversification
The Internal Revenue Service (IRS) has extended transitional relief for defined contribution plans subject to the employer stock diversification rights rules put in place by the Pension Protection...
2007 DC Survey – Picking from the Tree of Providers
Advisers say that each provider has varying strengths, so “which one’s best?″ can be a thorny question
Kaplan Financial Introduces Ethics Training For Advisers Targeting Boomers and Seniors
Kaplan Financial, a provider of education and compliance solutions, has developed a new course offering for brokerage and investment firms to certify the credibility of their sales people...
You Better Watch Out – And You Had Better Not Blink
Santa Claus is coming to town – for about 34 microseconds.
Plaintiffs Amend Boeing 401(k) Excess Fee Suit
Boeing Co. employees suing the aviation manufacturer over excessive 401(k) fees have added a trio of allegations, including that the plan improperly offered more expensive and lower performing...
Russell Finds Money Managers Optimistic About 2008 Market
Money managers have not let the credit concerns or a slowing U.S. economy shake their optimism for the 2008 market, according to Russell Investment’s quarterly survey of investment...
TIAA-CREF to Launch Online Retirement Community for Participants
TIAA-CREF announced the upcoming launch of an online community for participants to discuss their retirement-related interests, experiences, and concerns.
Principal Scoops up Atlanta Actuarial Firm
The Principal Financial Group has agreed to acquire Retirement Consulting Actuaries, Inc. (RCA).
Claymore Introduces ETF Focused On Chinese Real Estate Market
Claymore Securities, Inc has launched the Claymore/AlphaShares China Real Estate ETF on the New York Stock Exchange Arca, Inc.
Morgan Stanley Hit with 401(k) Stock Suit
A New York law firm has filed a lawsuit against Morgan Stanley and its 401(k) plan fiduciaries charging that the fiduciaries improperly allowed participants to continue investing in...
Ex-Fidelity Exec Named To Lead Morgan Stanley Global Wealth Management
Ellyn A. McColgan, who left Fidelity Investments abruptly this summer, has been named president and chief operating officer of Morgan Stanley’s global wealth-management group.
DoL Proposes Civil Penalties for Disclosure Violations
The U.S. Department of Labor (DoL) has proposed a regulation for assessing civil penalties against plan administrators who fail to disclose certain documents to participants, beneficiaries, and others...
Great-West Introduces New Small Business Non-Qualified Plan
Great-West Retirement Services has introduced a new non-qualified savings plan to help small business owners and their executives accumulate retirement savings above the limitations of qualified retirement plans.
Matrix Expands Offerings with Acquisition of ICC Plan Solutions
Matrix Financial Solutions, a provider of back-office, trust, custody, trading, and mutual fund settlement services for financial institutions, has acquired ICC Plan Solutions, a provider of communication materials...
CitiStreet to Field Fiduciary Web Site
CitiStreet has announced plans for PlanFIRST, a new Web site around which its lineup of fiduciary services will be organized.
PBGC Publishes Final Rules on Premium Rates and Payments
The Pension Benefit Guaranty Corporation (PBGC) has published final regulations on premium rates and payment of premiums mandated by provisions of the Deficit Reduction Act of 2005 and...
Batterymarch Introduces Large Cap Value Strategy
Batterymarch Financial Management, a Boston-based institutional equity manager, has launched a U.S. large capitalization value equity portfolio.
Financial Advisers Concerned About Market Conditions
When asked what issues would have the most significant impact on businesses in 2008, advisers are most concerned about market performance/volatility (58%), retiring Boomers (54%), and the real...