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AUL, American Century Offer LIVESTRONG Target-Date Portfolios
American United Life Insurance Company (AUL) teamed up with American Century Investment Services, Inc., to offer LIVESTRONG Portfolios to AUL Retirement Services clients.
DoL Brings Fiduciary Series to Web
Plan fiduciaries looking for insights about their responsibilities can now get that information from the Labor Department without leaving their desks.
Oregon Sues 529 Fund Manager
The state of Oregon has sued OppenheimerFunds Inc., charging the fund manager with understating the risk it took with a bond fund in Oregon's state college-savings plan.
Blackberry Maker Settles Options Backdating Case
Blackberry maker Research in Motion (RIM) has worked out a settlement of stock options backdating charges with the Ontario Securities Commission (OSC).
SEC Announces Compensation for Franklin-Templeton Investors
The Securities and Exchange Commission (SEC) has announced a Fair Fund distribution of approximately $49 million to investors affected by improper market timing in mutual funds managed by...
CitiStreet Sold to ING for $900 Million
After months of rumors about being 'shopped,' CitiStreet has been sold to ING Group.
Perspective: Emerging Challenges for Plan Management
There’s a growing recognition that retirement plan managers are under the gun because of new legislation as well as increases in employee mobility and auto-enrollment.
When Considering Target-Date Funds, Evaluate Design and Impact
A new research paper suggests those considering the addition of target-date funds to a retirement plan need to consider the funds’ glide path and whether the offerings should...
Schwab Finds Participants Reap Rewards from 401(k) Advice and Target-Date Funds
Participants using an advice product in 401(k) plans administered by Schwab Corporate&Retirement Services earned an average 3% higher return than those who did not, according to new data.
ING Beefs Up Brokerage with Sharebuilder Buy
ING Direct has agreed to buy ShareBuilder Corporation's online brokerage business for $220 million.
401k Toolbox Announces Adviser Planning Product
401k Toolbox, a Watkinsville, Georgia-based advice provider, has unveiled its On Track retirement planner and prospecting tool for plan advisers.
ETFs Gain $20B in May
U.S.-listed ETF assets rose by approximately $20 Billion in May with International, Style, Size, Specialty and Broad Market ETFs experiencing considerable asset growth.
March Sees $9B Growth in ETFs
Twenty-two new exchange-traded funds (ETFs) launched in March and total assets of U.S. ETFs increased by $9 billion, according to State Street Global Advisors.
More DC Participants Means More Questions
An anticipated 20% increase in defined contribution (DC) participants between 2007 and 2011 means a pool of 9.6 million people with potential questions regarding their plan, according to...