News

Trust Builders, Inc., provider of educational solutions for retirement planning, made available a distribution strategy utilizing tax management to extend retirement income.

Advisor Software, Inc., announced that Pension Dynamics Corporation will make ASI Portfolio Forecaster available to 401(k) plan participants who are using the firm’s Web-based platform.

Rollover Systems Inc. (RSI), a Charlotte-based rollover management service provider, announced a services suite that it said will help advisers and plan sponsors terminate 401(k) plans.

Great-West Retirement Services appointed two regional sales directors to focus on development of new corporate 401(k) plan business.

U.S. Supreme Court justices turned aside a request to rule whether cash balance plans are age biased as the high court refused to review a 6th U.S. Circuit...

OppenheimerFunds, Inc. (OFI) Retirement Services released a white paper about its Tru(k)ourse product, a tool to implement automatic plan provisions.

Bank of America announced its plans to raise capital by selling stock and slashing dividend payments, after reporting third quarter results of $1.18 billion, down from $3.7 billion...

Calvert launched its latest sustainable and responsible investment (SRI) mutual fund, part of a new series of investment portfolios known as Calvert Solution Strategies.

Security Benefit is adding five mutual funds from American Funds to the SFR Program, a group retirement platform for 403(b)(7), 457(b), and 401(k) plans.

MasteryPOINT unveiled Plan Investment Plus (PIP), an online service it said will help advisers work with plan sponsors in meeting their obligation to review plan investments.

A survey by the Syzygy Consulting Group found that aggregate employee ownership decreased 9%, falling to 15.14% of outstanding common share equivalents.

The U.S. Department of Labor (DoL) announced final rules under the Pension Protection Act of 2006 (PPA) relating to distribution of 401(k) benefits for missing nonspouse beneficiaries in...

Natixis Global Associates (NGA) announced the launch of the Delafield Select Fund.

San Francisco-based The Online 401(k) announced a partnership with Oakmont Partners, a Boston-based financial consulting and planning firm.

Yet another fund company has signed its money market funds for a U.S. Treasury Department Guarantee.

Citigroup continued its fight for Wachovia over the weekend, and the two companies are expected in court later this week.

For most 401(k) plan participants, this has been a good quarter—to lose your statement.

For most 401(k) plan participants, this has been a good quarter—to lose your statement.

Many Americans who don’t have an adviser think they don’t have enough money to attract an adviser, according to a survey by AARP Financial Inc.

American International Group (AIG), which has three broker/dealer subsidiaries, is looking for ways to unload business units in a quest to pay back the federal government.