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The World Turned Upside Down
The current turmoil threatens broker/dealers as more advisers think about going independent—when the market improves
Two More Hours of Weekly Sales Activity Leads to Millions
Shifting two hours per week from administrative duties to selling can result in millions of dollars in incremental sales for companies.
New Dalbar Division Offers Compliance Department Support
Financial-services market research firm Dalbar Inc. is launching Compliance Support Services’ (CSS), a new division dedicated to addressing the increasing risk and complexity faced by compliance departments.
EBSA Announces $1.5B in Monetary Enforcement Results
Bradford P. Campbell, assistant secretary of labor for the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA), on Monday announced that the agency achieved monetary results of...
PBGC Publishes Final Rules on Premium Rates and Payments
The Pension Benefit Guaranty Corporation (PBGC) has published final regulations on premium rates and payment of premiums mandated by provisions of the Deficit Reduction Act of 2005 and...
Pacific Life Adds Annuities to Individual(k) Program
Pacific Life Insurance Company has added a suite of variable annuities as a funding option for its Pacific Life Individual(k) Program.
New Report Highlights Benefits of Adviser Teams
The best adviser candidates for adviser teams are those constantly looking to improve their practice, the most recent Cerulli report says.
DoL Working on Clarifications of QDIA Regs
Although the final Qualified Default Investment Alternatives (QDIAs) regulations answered many questions posed by commenters after the proposed regulations were issued, more questions are emerging concerning implementation of...
IRS Releases Reminder About Saver’s Credit
The Internal Revenue Service (IRS) has put out a reminder that low- and moderate-income workers may be eligible for the saver’s credit for their contributions to an IRA...
Study Shows Savings Growth Potential of Fixed Income Annuities
Incorporating a fixed income annuity in a retirement income account yields greater long-term wealth for an investor, and more income security, than a portfolio of equity and bond...
Barclays Launches Inflation-Linked Emerging Market Debt Indexes
Barclays Capital, the investment banking division of Barclays Bank PLC, announced the launch of a family of local currency Emerging Market Government Inflation-Linked Bond (EMGILB) benchmark indexes.
Transamerica Introduces Retirement Income Unit
Transamerica Life Insurance Company has unveiled a new business, Transamerica Retirement Management, Inc., to address workers’ needs to have money during retirement and related financial planning issues.
MassMutual Retirement Services Beefs Up Sales Team
MassMutual's Retirement Services Division has added six new sales representatives to its institutional sales team over the past several months, the company announced.
MassMutual Launches Fiduciary Warranty and Third-Party Certification
MassMutual's Retirement Services Division has officially introduced its new Fiduciary Warranty to qualifying plans that include investment options available through MassMutual's Smart Architecture Investment Program.
Lincoln Financial Network Makes Appointment to Southeast Advisor Recruitment Team
The retail sales and financial planning division of Lincoln Financial Group has appointed Christine Baker as Regional Managing Director, Advisor Recruitment, for the Southeast territory.
SEC Enforcement Unit Has Room for Improvement, GAO Says
Although the enforcement division of the U.S. Securities and Exchange Commission (SEC) has instituted management improvements in recent years, it has some distance to go to reach its...
Lincoln, Ibbotson Partner on New Fund Lineup
Lincoln Employer Markets, a division of Lincoln Financial Group, is partnering with Ibbotson Associates to offer the Lincoln Ibbotson Insight Series of funds to its defined contribution clients.
MassMutual to Add Fiduciary Warranty to DC Offering
MassMutual's Retirement Services Division will introduce a Fiduciary Warranty, available in the fourth quarter of 2007, to qualifying plans that include investment options available through MassMutual's Smart Architecture...
UBOC Unveils Financial Planning Workshops
Union Bank of California is introducing a new benefit for its SelectBenefit retirement plan sponsor clients and plan 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...