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New Indexes Will Track Commercial Property Investments
Standard&Poor’s ( S&P ) has announced it has been chosen by Adelante Shares LLC to calculate seven custom indexes based on Adelante Shares’ proprietary classification of the real-estate...
UBS Launches New DC Initiatives
UBS Global Asset Management today announced the formation of the Defined Contribution and Retirement Solutions Group, established to help today’s defined contribution plans better meet the needs of...
BlackRock to Acquire Fund of Funds Manager
BlackRock, Inc. has entered into an agreement under which it will acquire the fund of funds business of Quellos Group, LLC for up to $1.7 billion.
MainStay Launching Target Date Funds
New York Life Investment Management (NYLIM) has announced the creation of the MainStay Retirement Funds, a series of funds for target retirement dates of 2010, 2020, 2030, 2040,...
IMHO: Fighting Words
“[T]he complaint is a rambling 38 page collection long on legal argument, public policy rhetoric and repetition, but vague in its allegations of facts which might be relevant...
IMHO: Fighting Words
“[T]he complaint is a rambling 38 page collection long on legal argument, public policy rhetoric and repetition, but vague in its allegations of facts which might be relevant...
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.