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SSgA Launches International Treasury Bond ETF
State Street Global Advisors (SSgA), the investment management arm of State Street Corporation, announced that the SPDR Lehman International Treasury Bond ETF (Ticker: BWX) began trading on the...
Participants in Lifestyle Funds Outperform Do-it-Yourselfers
Participants investing in a single lifestyle, risk-based, fund had ending account balances that were 11% higher than those not using the funds over a 10-year period, according to...
Is Something Wrong With a Plan? IRS Shares Common 401(k) Mistakes
The Internal Revenue Service (IRS) has released a list of the 11 most common mistakes made in the administration of 401(k) plans and how to correct or avoid...
Lincoln Unveils Retirement Program for Small to Mid-Sized DC Plans
Lincoln Financial Group has released a retirement program for small-to-mid-sized plans that uses a mutual fund and collective fund-based platform, including recordkeeping and administrative solutions.
Mutual of Omaha Names New VP of Retirement Services
Mutual of Omaha has named David Ahrendt, formerly of Lincoln Financial Group, as Vice President of its Retirement Services business.
Mesirow Financial Latest to Launch Target-Date Solution
Chicago-based Mesirow Financial Investment Strategies has unveiled its new target maturity methodology, focusing on both longevity risk and asset allocation.
AIG VALIC Broadens SRI Offering
AIG VALIC, an investment provider focusing on the non-profit and for-profit education, health care, and government markets, has broadened the investment mandate of the VALIC Company I Social...
PowerShares Expands Fixed-Income ETF Offering
PowerShares Capital Management LLC, a provider of exchange-traded funds (ETFs), will expand its family of fixed-income ETFs with new listings on October 11, 2007.
Commonwealth to Offer 401(k) Resources to Advisers
Commonwealth Financial Network and 401(k) Producer Services have agreed to an institutional partnership that will provide Commonwealth advisers with access to retirement plan consulting tools and resources.
WisdomTree Launches 401(k) Platform
WisdomTree Investments, Inc., today launched a new 401(k) plan solution that uses exchange-traded funds (ETFs) as the core investments.
Fee Disclosure Proposal Draws Industry Criticism at House Committee Hearing
Retirement industry groups told the U.S. House Education and Labor Committee last week that a legislative proposal calling for greater disclosure of 401(k) fees would be too overwhelming...
F-Squared Launches Actively Managed Mutual Fund Indexes
F-Squared Investments, LLC, has launched an industry index portfolio dedicated to indexes constructed of a select number of actively managed mutual funds.
State Street Could Face Another Investment Strategies Suit
Attorneys General in Alaska and Idaho are looking into possible legal action against State Street Corp. over losses their state retirement funds suffered investing in two enhanced index...
Enhancing the Client Experience
People don’t stay with a financial services firm because of the brand; they stay because they have forged a relationship with an adviser they trust.
IMHO: The Devil in the Details
The testimony presented at last week’s hearing by the House Education and Labor Committee on the issue of 401(k) fees was remarkably consistent, IMHO, certainly compared with the...
IMHO: The Devil in the Details
The testimony presented at last week’s hearing by the House Education and Labor Committee on the issue of 401(k) fees was remarkably consistent, IMHO, certainly compared with the...
Harris Leaves McHenry Group for Consultant Rogerscasey
Institutional investment consulting firm Rogerscasey Inc. has hired Ward Harris as Managing Director, Financial Intermediary Group and T. Patrick Mulvey as Managing Director, Marketing and Business Development.
Fiduciary Breach Suit Against Nationwide Survives a New Challenge
A federal judge in Connecticut has cleared the way for the trustees of five 401(k) plans to pursue their claims that Nationwide Financial Services was a fiduciary because...
NJ Recordkeeper Partners with Payroll Provider
ExpertPlan, a Princeton, New Jersey-based recordkeeper, is partnering with a payroll provider.
Fidelity Appoints Head of Institutional Services Operation
Fidelity Investments named Michael K. Clark, former chief executive officer of JPMorgan’s securities services operation, to head its Institutional Services business.