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TRI-AD Introduces 401(k) Full Fee Disclosure Guarantee
TRI-AD has introduced a written Full Fee Disclosure Guarantee as an integral part of its defined contribution plan daily valuation recordkeeping service.
Citi Selected by Harding, Loevner Management for SMA Business
Citi Markets&Banking has been selected by Harding, Loevner Management, L.P. to be the service provider for the investment adviser's retail separately managed accounts (SMA) business.
Corporate Benefit Advisors Selects Synapses for Plan Analytics and Participant Education
Synapses Inc., a provider of personalized 401(k) education, products and services, has been selected by Corporate Benefit Advisors, Inc. (CBA) to evaluate CBA’s 401(k) customers at the participant...
RiverSource Launches Three Advanced Alpha Strategies Funds
RiverSource Investments, LLC, a subsidiary of Ameriprise Financial, Inc., has introduced RiverSource Advanced Alpha Strategies, a series of three mutual funds designed for more affluent investors.
Nuveen Investments Offers Target-Date Funds
Nuveen Investments, a provider of investment services to institutional and high net worth investors, will now offer target-date funds in a collective trust structure.
IRS Leaves 401(k) Limit at $15,500 for 2008
Federal tax officials on Thursday released the new pension plan dollar limits with cost-of-living adjustments for the 2008 tax year.
Financial Literacy and Trust Trump Income in Encouraging Savings
A new report by the Vanguard Center for Retirement Research notes that financial literacy plays a critical role in improving 401(k) savings behavior.
Appeals Court Overturns Damages Award for Former ML Adviser
A U.S. Court of Appeals has overturned a $2.1 million award won by an ex-Merrill stockbroker, but upheld the original verdict, along with an $850,000 award for defamation.
New Firm to Evaluate Target-Date Funds
Two consultants and a university professor have formed a company to help advisers and plan sponsors better evaluate target-date/lifecycle fund offerings.
SSA Announces 2008 Cost-of-Living Increase
The Social Security Administration announced the monthly Social Security and Supplemental Security Income benefits for more than 54 million Americans will increase 2.3% in 2008.
MassMutual Retirement Services Beefs Up Sales Team
MassMutual's Retirement Services Division has added six new sales representatives to its institutional sales team over the past several months, the company announced.
SPA ETFs Feature Automatic Rebalancing
SPA ETFs Inc., an investment adviser and affiliate of investment product provider London&Capital, has listed its initial U.S. equities-focused exchange-traded funds (ETFs) on the American Stock Exchange.
Bear Markets Don’t Scare Most Investors to Action
Contrary to popular belief, during times of financial uncertainty, investors reduce, not increase, the turnover of their financial assets, according to research from Strategic Insight (SI).
Pioneer Calculators Compare Micro Retirement Plan Options
Pioneer Investments now offers two online calculators on its Web site that compare benefits of various types of retirement plans available to individual business owners.
Putnam Further Diversifies Lifecycle Funds
Putnam Investments has announced a plan to enhance the diversification of its target maturity funds by adding nine new underlying components.
Fiserv Announces Acquisition of BancIntelligence
Fiserv, Inc., a provider of information technology services to the financial industry, has announced it has acquired BancIntelligence, an online advisory solution for financial institutions.
Retirement Income Market at the Brink of Significant Growth
Financial Research Corporation (FRC) has released a new study that reveals the retirement income market is poised for innovation and significant future growth.
Beneficial Investment Services Enhances Platform
Beneficial Investment Services, Inc. (BIS), the newly established broker-dealer and registered investment adviser of Beneficial Financial Group, has announced the recent enhancement of its investment platform through an...
SSgA Adds Three Fixed Income ETFs
State Street Global Advisors (SSgA), the investment management arm of State Street Corporation, is offering three new fixed income SPDRs, including the first ETF to offer investors exposure...