Search results for: acts 19
House Passes Fee Disclosure and Pension Funding Relief Bill
The U.S. House of Representatives passed a bill Friday that provides for defined contribution plan fee disclosure and temporarily eases pension funding requirements.
PwC Cleared of Anti-Cutback Claims over BofA Plan Transfers
A federal court has dismissed claims that PricewaterhouseCoopers knowingly participated in a violation of the Employee Retirement Income Security Act (ERISA) anti-cutback rule by allowing Bank of America...
Court Moves Forward Stock-Drop Claims against Manufacturer
A federal court has ruled that participants in the 401(k) plan sponsored by MEMC Electronic Material can move forward with their Employee Retirement Income Security Act fiduciary breach...
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Suiting Up
There’s now no denying it; retirement plan advisers are fiduciaries, or will be soon
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2007 Plan Adviser of the Year Finalists: The Teams
These finalists have all proved their worth to their plan sponsor clients and have made a noticeable difference to the plans they service
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Lockton Dallas
David W. Altimont, Lucas M. Barton, Courtney Stroope, Erika Chavez, Kim Pacheco (Dallas, Texas)
Teachers Sue VALIC over 403(b) Investments
Two teachers have filed a lawsuit against VALIC, claiming the firm misled them about purchasing annuities for their 403(b) accounts.
SEC Creates Specialized Enforcement Units
Among the specialized units unveiled by the Securities and Exchange Commission (SEC) is a unit focusing on investigations involving investment advisers.
Broker, Bank off the Hook for Allegedly Assisting Ponzi Schemer
A federal appeals court overturned a ruling against a bank and a broker accused of helping to keep a Ponzi scheme alive.
IMHO: "Hind" Sighted
What might the year past mean for the year ahead - on fee disclosure, target date funds, investment advice?
No Raise for Social Security Recipients in 2010
The Social Security Administration announced there will be no cost-of-living adjustment (COLA) in 2010 for monthly social security and supplemental security income (SSI) benefits.
IRS Sets Benefits Limits for 2010
The Internal Revenue Service has announced cost of living adjustments applicable to dollar limitations for pension plans and other items for Tax Year 2010.
FTSE Launches Currency Forward Rate Bias Indexes
Index provider FTSE Group (FTSE) and Record Currency Management, a specialist currency investment manager, have launched the first set of indexes within the new FTSE Currency Forward Rate...
Variable Annuities Grow in Popularity
Variable annuities are now more widely held than fixed annuities among nonqualified annuity owners, according to a Gallup poll.
ICI Urges Court to Stick with Traditional Critique of Fund Fees
The Investment Company Institute (ICI) is pushing the U.S. Supreme Court to stick with the established legal framework when evaluating claims that a mutual fund’s investment adviser has...
FINRA, SEC Rules for Social Networking
Many financial advisers and brokers might be confused about what regulators have to say about using social networking.
Court Keeps 404(c) Shield in Place for Trustee
A retirement plan trustee was protected by Employee Retirement Income Security Act's (ERISA) 404(c) safe harbor shield against a lawsuit by two 401(k) participants in connection with wrongdoing...