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SEC Enforcement Unit Has Room for Improvement, GAO Says
Although the enforcement division of the U.S. Securities and Exchange Commission (SEC) has instituted management improvements in recent years, it has some distance to go to reach its...
Securian Retirement Unveils Target-Date Funds
Securian Retirement has come out with target-date funds that use an employee’s age rather than their expected retirement age.
Lord Abbett&Co. Makes Executive Appointments
Money manager Lord Abbett&Co. has announced some shuffling in executive management positions, including the appointments of a new Managing Partner, Senior Partner, and Chief Investment Officer.
CEO Storms is Out at Marsh
Marsh&McLennan Companies, Inc. says that Brian M. Storms is stepping down from his position as chief executive officer of Marsh, Inc., MMC’s insurance broking subsidiary, effective immediately.
Swiss Co. to Offer Sustainable Asset Management Strategies to U.S. Investors
Sustainable Asset Management (SAM) is expected to make its Sustainable Water, Sustainable Climate, and Global Sustainability strategies available to U.S. institutional and retail investors by the end of...
Mutual of Omaha Offers Full Service Retirement Package to NY Employers
Mutual of Omaha now offers employers in the state of New York a portfolio of retirement services that includes, among other things: 401(k) plans, target date funds, and...
IndexIQ Leaps into the Asset Management Business
IndexIQ has launched an asset management business that will be led by Austin “Gus″ Fleites, the former Chief Investment Officer and head of exchange-traded funds (ETFs) at ProShares.
Merrill Revamps Retirement Web Site
Merrill Lynch has revamped its retirement Web site and has kicked off a month of national, Web-based promotions to draw attention to it.
Boston Financial Names Metcalfe as Retirement Services Head
Boston Financial Data Services, Inc., a Quincy, Massachusetts-based financial services outsourcing provider, has tapped Jude Metcalfe as senior vice president and head of Retirement Services.
Fiserv ISS Unveils Two Collective Investment Funds
Fiserv Investment Support Services is now offering collective investment funds (CIFs) as an option for retirement plans.
Pru Adds Mid-Cap Growth Funds
Prudential Retirement has added two mid-cap growth institutional sub-advised funds to its investment platform.
ExpertPlan Begins National Sales Expansion
Recordkeeper ExpertPlan has opened its first regional office in Atlanta, Georgia.
S&P : A Bleak August for Emerging, Developed Equities
Standard&Poor’s said Tuesday the world’s emerging and developed equity markets posted negative returns in August, with emerging markets dropping 1.94% and developed markets giving back 0.36% over the...
Vanguard Data Shows Savings Concerns Among DC Participants
A new Vanguard analysis based on its 2006 defined contribution recordkeeping data finds concerns about participants’ plan participation, savings, and investing behaviors.
SEC Charges Auditors with SOX Violations
The Securities and Exchange Commission (SEC) charged 69 auditors with issuing audit reports on the financial statements of public companies although the firms were not registered with the...
ETF Assets Reach $505B in August
U.S. listed ETF assets rose by approximately $23 billion in August with size, sector, style, and fixed income ETFs experiencing considerable asset growth.
Lincoln, Ibbotson Partner on New Fund Lineup
Lincoln Employer Markets, a division of Lincoln Financial Group, is partnering with Ibbotson Associates to offer the Lincoln Ibbotson Insight Series of funds to its defined contribution clients.
The Standard Rebrands Retirement Products
Retirement plan products and services provided by The Standard will now be sold under the Mainspring Retirement Plan Solutions name.