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Like American Counterparts, Canadians Expect to Work in Retirement Years
Mandatory retirement will be illegal in Canada beginning Tuesday, and a new survey finds that this will have quite an effect on the Canadian working population.
Advisers Excited About Growth Opportunities from PPA Provisions
About seven in 10 advisers surveyed by Fidelity believe their business will be a major beneficiary of the Pension Protection Act (PPA), predicting growth between 10% and 49%...
Regulators Unveil PPA Changes to Form 5500
Federal pension regulators on Friday announced a series of proposed changes to the 2008 Form 5500.
Court OKs Class Action in Aon 401(k) Company Stock Suit
A federal judge in Chicago has certified as a class action a lawsuit against Aon Corp. over allegations 401(k) participants lost ten of millions of dollars when its...
Study: Pre-Retiree ‘Affluent’ Americans Still Spending Money
While the top two income tiers of Americans approaching retirement have comparable assets, those classified in a new study as affluent are still focused on accumulating assets and...
JPMorgan Retirement Plan Services Sues Former Exec Over Security Breach
JPMorgan Retirement Plan Services has filed a multi-count suit against former vice president of sales Paul Freeman, accusing him of lifting confidential client files when he defected to...
Winklevoss Adapts ProVal for PPA and New FASB Rules
Winklevoss Technologies LLC has released a test version of its product that allows plan sponsors to meet the forecasting and valuations required by the Pension Protection Act and...
Appellate Court Rules Options Taxable When Exercised
In the first time it has considered the issue, a federal appeals court has ruled that an employee's nonqualified stock options from his employer became taxable when the...
FundQuest Wealth Architect Clients Get Access to Managed Account Services
FundQuest’s Wealth Architect customers can now access its managed account solution, which will allow the institutions to meet their clients' needs for product diversification, customization and tax management.
DoL Makes 2006 M-1 Form Available
The US Department of Labor’s Employee Benefits Security Administration (EBSA) will make available Thursday the 2006 Form M-1 annual report for multiple employer welfare arrangements (MEWAs).
Emerging, Developed Markets Stayed Positive in November
Returns from the world’s emerging and developed markets stayed in the black in November as oil prices remained significantly below their summer highs, Standard&Poor’s said Tuesday.
Hedge Fund Industry Grew 21% in 2006
A new survey of the US hedge fund industry found it has grown 21% to $1.22 trillion this year.
Workers Give Minimal Attention to Retirement Accounts
The majority of workers polled by AllianceBernstein admitted they are unprepared or reluctant to monitor and manage their retirement plan investments.
Principal Survey Finds Concern about the Future
Almost three-quarters of employees (71%) and half of retirees (50%) said they were very concerned about their long-term financial future, according to the latest Principal Financial Well-Being Index.
Investing Confidence Is No Assurance That Savings Will Last
A recent survey from New York Life Investment Management (NYLIM) found participants confident in their 401(k) investment decisions, but still not sure their savings will last in retirement.
Domestic Equity Reverses Course in October
Stock and bond funds experienced net inflows of $29.8 billion in October, led by International/Global funds with net inflows of $14.4 billion and Domestic Equity funds with an...
Participants Are Getting Their Money's Worth in 401(k)s, ICI Says
At a time when many in the retirement services community and some influential lawmakers are up in arms over fees paid by 401(k) participants, the Investment Company Institute...
American Funds Enters Target Date Market
American Funds has made its inaugural step into the target date fund market by adding nine funds to its retirement fund lineup.
Clark Capital Unveils 401(k) Managed Accounts
Clark Capital Management Group, a Philadelphia-based investment adviser, has announced its Navigator investment platform is available for implementation in 401(k) plans.
NASD Fines Jefferies $5.5M for ‘Improper Gifts’ to Fidelity Traders
The NASD announced Monday it has slapped Jefferies&Company with a $5.5-million fine for providing “improper gifts and entertainment″ to Fidelity stock traders.