News

The Internal Revenue Service (IRS) announced on Wednesday it will temporarily stop taking applications from pre-approved defined contribution plans for determination letters on December 18, 2007.

The National Association of Personal Financial Advisors (NAPFA) will offer its fee-only members access to institutionally-priced immediate annuities via Hueler Companies’ platform.

A partnership between Mutual of Omaha and Mesirow Financial will offer plan sponsors access to fiduciary services including investment guidance and monitoring, the companies announced.

The 401(k) fee disclosure legislation pending in Congress will have a detrimental effect on the employer-sponsored retirement plan system, argues the SPARK Institute.

The 2nd U.S. Circuit Court of Appeals has reinstated a case brought against the New York Stock Exchange (NYSE) by institutional investors who claim the exchange and seven...

Nationwide Financial Services, Inc. has kicked off a campaign to help plan sponsors and investment professionals take advantage of opportunities in the Pension Protection Act of 2006 (PPA).

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

The Online 401(k) has partnered with E-chx Inc., to offer a combined 401(k)-payroll service.

BenefitStreet Inc. has introduced a new 401(k) platform that will enable investors to choose both exchange traded funds (ETFs) and mutual funds in the same plan.

Fiduciary360 has announced that founder and former CEO Donald B. Trone will focus his efforts on the now independent Foundation for Fiduciary Studies.

Nationwide has agreed to sell its active asset management business to British fund firm Aberdeen Asset Management.

Pioneer Investments has appointed Ray Dutcher, formerly of MFS Institutional Advisors, as Director of its U.S. Institutional Client Service operation.

AllianceBernstein Investments, Inc. has launched a program that allows financial advisers to leverage proprietary AllianceBernstein research to conduct targeted 401(k) plan evaluations that correspond to the needs of...

As the 401(k) plan becomes 'the new retirement superpower,' attention has turned to the weakness of the plans and is leading to 401(k) version 2.0, a research report...

Boomers, though arguably the most prosperous generation in American history, face mounting demands on their financial resources from both their adult children and their aging parents.

National Retirement Partners, LLC (NRP), has entered into a letter of intent for the proposed acquisition of three advisory groups, signaling the start of the next round of...

AIG Retirement Services Inc. has announced Randall W. Epright has been appointed Executive Vice President and Chief Operating Officer of AIG Advisor Group, and Senior Vice President, Operations...

Financial Advisors Legal Association, a national industry defense and education provider for financial professionals, has announced the rollout of a comprehensive errors and omissions insurance policy designed specifically...

Fidelity Registered Investment Advisor Group has been renamed Fidelity Institutional Wealth Services.

The Investment Company Institute (ICI), a mutual fund trade group, has asked the U.S. Treasury Department and the Internal Revenue Service (IRS) to put off the effective date...