Tag: Practice management

Russell Investments has seen a marked uptick in interest in investment outsourcing from larger corporate defined benefit (DB) plans.

Nearly half (45%) of U.S. employers expect to benefit from Baby Boomer employees who prolong their careers past age 65.

CPI Qualified Plan Consultants Inc. combined its six regions into three divisions: Northeastern, Central/Southeastern and Western.

Fifty-six percent of employees estimate they waste up to $750 because of mistakes made with insurance benefits elections, according to research.

 Client360° Trading, a new platform for the firm’s Client360° suite of tools, was rolled out by Commonwealth Financial Network, a registered investment adviser.   

Retirement plan participants are demanding electronic education, debunking the myth that participants are not engaged in their savings. 

Fidelity Investments has launched Plan for Life, an enhanced retirement planning solution.

 Less than one-fifth (18%) of people increased their retirement savings in 2012, a rise from the 15% that did so in 2011.     

Honest and practical education, social media communications and proper incentives will result in increased retirement plan participation for Generation Y employees.

 Varcity Kariuki was appointed executive director and client portfolio manager at J.P. Morgan Asset Management in New York.   

 Michael E. Morris joined 401(k) Advisors, an independent retirement plan consulting firm, as a managing director for the Mid-Central region.   

More than half of employers surveyed (55.6%) report that the effectiveness of their benefits communication efforts has improved during the last three years.

Securian has added a QR (quick response) code to retirement plan participants’ quarterly account statements and envelopes.

Memo to airport and airline execs: Business travelers want mobile app notification, reliable WiFi and self-service boarding options.

 The Value Line Asset Allocation Fund (VLAAX) has been added to the Schwab Mutual Fund OneSource Select List.   

Wells Fargo Retirement announced enhancements to its service that measures the effectiveness of employer-sponsored retirement plans.

Custodia Financial launched Protect My 401(k) Loan, a campaign to raise awareness of 401(k) involuntary loan defaults, and introduce a solution.

Some defined contribution participants rely on simple math when deciding how to allocate their plan investments, research indicates.

 The average contribution to Fidelity Individual Retirement Accounts (IRAs) hit $3,930 in tax year 2011, up nearly 15% from 2007.   

The financial services provider Securian enhanced its Book of Business tool to allow advisers to see their Securian accounts from a number of angles.