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Deere and Fidelity Fee Lawsuit Thrown Out
Plan sponsors and providers won a battle in the ongoing legal war over retirement plan fees last week when a federal judge in Wisconsin threw out suit brought...
Pension Fund Files Complaint Against Adviser
The Delray Beach, Florida, police and fire pension board voted Wednesday to sue its former financial consultant if no settlement can be reached regarding trading fees the broker...
State Street Offers BRIC ETF
State Street Global Advisors has announced the launch of the SPDR S&P BRIC 40 ETF (exchange-traded fund), giving investors access to companies in Brazil, Russia, India and China.
Online 401(k) Links With Payroll Provider
The Online 401(k) has joined forces with Expedition Payroll to allow the payroll provider to offer integrated 401(k) and payroll packages.
Bad Move?
Sooner or later, we all make what appears to be, in hindsight anyway, a bad career move.
Lowest Fund Fees in 25 Years, But Not for Funds-of-Funds
Investors in stock funds last year reportedly paid the lowest fees in more than a quarter century, thanks to preferences for lower-cost funds and increased competition among fund...
Nuveen Investments to be Purchased by Private Equity Group
Nuveen Investments has agreed to be acquired by an investor group majority-led by Chicago-based Madison Dearborn Partners, LLC (MDP).
Open Architecture Revamps Fund Supply and Demand
Changing investor needs and the continuing shift to open architecture are changing relationships between asset management organizations and fund distribution platforms.
Professional Advice Calms Anxiety about Retirement
Those who have consulted a financial professional about retirement planning are much more likely to say they are comfortable or confident about retirement than those who have not...
EBSA to Hold Public Hearing About Advice Provision
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) will hold a public hearing on July 31 to assess the feasibility of using computer models to provide...
Northern Funds Added to PFPC’s AdvisorCentral Portal
PFPC, a member of The PNC Financial Services Group, Inc., has added Northern Funds to its AdvisorCentral portal.
CPI Improves Web Sites
A Kansas third-party recordkeeping and administration company has unveiled a series of upgrades to its Internet sites for financial advisers, plan sponsors, and participants.
ExpertPlan Looks to Work with Larger Plans
ExpertPlan, a provider of private-label recordkeeping solutions primarily to the micro and small plan retirement market, is moving up-market through a new trading link relationship with UBS Fiduciary...
Benefit Brokers Lead Sales of Voluntary Benefits
Benefit brokers accounted for almost half (46%) of worksite sales of voluntary benefits in 2006, according to Eastbridge Consulting Group’s eighth annual U.S. Worksite Sales Study.
Bear Stearns Broadens Mutual Fund Platform
Bear Stearns Broker-Dealer&Investment Advisor Services (BDIAS) on Tuesday announced it is significantly broadening its mutual fund platform by expanding the list of available funds and adding to its...
IMHO: Caveat Emptor
A couple of weeks ago, my better half told me that she thought it was time that we traded in two of our aging vehicles – one a...
IMHO: Caveat Emptor
A couple of weeks ago, my better half told me that she thought it was time that we traded in two of our aging vehicles – one a...
A 401(k) without Single Strategy Funds?
“I would love to see people offer both [lifestyle and lifecycle funds] in their platforms;″ take away all the single-strategy stuff".
Lifecycle Arena Grows With New BlackRock Funds
BlackRock, Inc. is launching nine new lifecycle portfolios with target maturity dates ranging from 2010 through 2050.
Affluent Boomers Comfortable Making Own Financial Decisions
Only one-third of affluent Baby Boomers rely on outside advice when making financial decisions.