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Law Firms Want More Time to Comply With 409A
A group of 92 large law firms has asked the Internal Revenue Service (IRS) for a one-year extension to comply with new §409A regulations, saying the current timeline...
Marcks Named to Head Pru Retirement
Prudential Financial has tapped Christine C. Marcks as president of Prudential Retirement.
MG Advisory Demographic Report for Advisers Includes Plan Fund Data
MG Advisory Services, LLC, a subsidiary of Matrix Settlement&Clearance Services, LLC, has announced the release of its new Plan Demographic Report for advisers and third-party administrators (TPAs) that...
Dow Jones Announces Commodity Index-Based ETF
Dow Jones Indexes has announced the launch of The Dow Jones - AIG Commodity SwapEX, an exchange-traded fund (ETF) for which the Dow Jones - AIG Commodity Index...
Pacific Life Offers Guide to Retirement Products and Strategies
Pacific Life Insurance Company and Pacific Life&Annuity Company have introduced the "Road to Retirement" guide and the Retirement Income Needs fact finder to help financial professionals address the...
Few Workers Have Adviser-Driven Retirement Plan
Only 16% of respondents surveyed by Thrivent Financial Services for Lutherans said they had undertaken a formal retirement planning process with an adviser, though 34% said they had...
Pentegra to Offer SSgA Target Date Funds to DC Plan Participants
Pentegra Retirement Services will add State Street Global Advisor’s (SSgA) Target Retirement Strategies to its offerings for defined contribution plan participants.
Employer Provided Financial Advice Welcomed by Workers
Seven out of 10 respondents to a recent poll said they would be moderately or very interested in one-on-one financial planning if offered through their employer and nearly...
Metrics Partners Launches TPA Search Tool
Metrics Partners, an electronic marketing firm for the retirement industry, has introduced a new web-based search tool connecting plan producers with third party administrators (TPAs).
401(k) Fee Litigation Offers Opportunity to Adopt Best Practices
Best practices in managing fees includes documenting fee analysis and review process; designing and maintaining investment policy statements; negotiating costs with provider; and avoiding costly investments, said litigator...
IMHO: PPA’s Sway
These days, the Pension Protection Act of 2006 (PPA) is sometimes referred to as the “Pension Destruction Act.″
IMHO: PPA’s Sway
These days, the Pension Protection Act of 2006 (PPA) is sometimes referred to as the “Pension Destruction Act.″
Lipper Makes Changes to Fund Rating System
Lipper, Inc. announced changes to its global Lipper Leader rating system that it says will create a more flexible and marketing friendly set of icons that better suit...
S&P Adds Three Shariah Compliant Indexes
Standard&Poor’s has launched three new Shariah-compliant indexes covering the Pan Arab region and publicly traded property companies in developed and emerging markets.
Dollar Bill?
They say that money talks – and the US Mint is certainly hoping that is the case, as it “rolls″ out the new Thomas Jefferson $1 coin today.
Fee Suit against Lockheed Martin to Move Forward
The U.S. District Court for the Southern District of Illinois refused to toss out allegations that Lockheed Martin Corporation breached its fiduciary duty by charging its 401(k) plan...
SEC Distributes $55.6M to Bank One Fund Shareholders
Federal regulators have distributed about $55.6 million to more than 200,000 investors hurt by market timing transactions in One Group Funds from Banc One.
More Product Choices and RIAs Challenge Product Providers
An increasing menu of product choices and the growth in number of independent registered investment advisers (RIAs) are driving product providers to be more consultative, according to the...
Retirement Plans Include Work for Many
Only one-third (34%) of workers in a recent poll by Robert Half Management Resources said they plan to quit work entirely when they are ready to retire.
Value-Added Programs Need Better Link to Adviser Brand
A new report calls for asset managers to create initiatives that are more effectively tied to a firm’s brand and market position as understood by the adviser, providing...