Economists Predict Bright Future for 401(k) Wealth
A research paper authored by a trio of university economists argues that most of the concerns that Americans’ retirement savings are insufficient to pay for their golden years...
News
McColgan Departs Fidelity After Four Months In New Post
One of the women who, it had been predicted, might take over Edward “Ned″ Johnson III’s reins at Fidelity Investments has announced her resignation, leaving behind the hovering...
Vanguard and Fidelity Rated As Best DC Web Sites
Fidelity Investments snagged the top overall spot in Kasina’s ranking of defined contribution plan Web sites for participants, while the Vanguard Group came in first for plan sponsors.
BoA Unveils Six Exec Appointments
Bank of America (BoA) announced Tuesday that it had tapped six executives for posts in the leadership team for its new Global Wealth&Investment Management (GWIM) Alternative Investments group.
Three Nicholas-Applegate Managers Form New Asset Management Firm
Three former Nicholas-Applegate portfolio managers have announced the formation of Eudaimonia Asset Management, a majority employee-owned, institutionally-focused investment advisory boutique.
The Reserve Offers 401(k) Loan Product
Reserve Solutions is now offering what it says is a more flexible way for employees to borrow money from their 401(k) accounts.
Online Basket of Hedge Fund Sector Indexes Introduced
The Credit Suisse/Tremont Hedge Fund Index Group has unveiled the Markets Defender Basket, an online basket of hedge fund sector indexes, based on the Credit Suisse/Tremont Sector Invest...
Securian Adds 11 New Funds to Menu
Securian Retirement Distributors says that 11 new investment options are now available to qualified retirement plan sponsors.
Smith Barney Appoints New Global Stock Plan Services Managing Director
Smith Barney has named Julian Clark, former President and CEO of Mellon Investor Services, as Managing Director of Smith Barney Global Stock Plan Services.
NestEgg Dow Jones Target Date Funds Add International Segment
American Independence has added international securities to its NestEgg Dow Jones Target Date Funds and has reduced the expense ratios of each of the share classes of the...
Paper Examines Liability and Business Opportunity from Advice
A new white paper from the Principal Financial Group offers a perspective on the new role of a fiduciary adviser.
New Company Protects against Broker Misconduct and Scams
Former Securities and Exchange Commission (SEC) Enforcement Branch Chief and consumer advocate Pat Huddleston has launched Investor's Watchdog, a company that provides investors with intelligence and expertise to...
DoL Receives Letters Urging Caution in Fee Disclosure
Correspondents offering input to the U.S. Department of Labor (DoL) about revisions to 401(k) fee disclosures said that educating plan sponsors and participants about fees was important but...
Guaranteed Income Should Be Part of Overall Retirement Strategy
In-plan investments that provide guaranteed income should be used as part of an overall allocation strategy, garnering only about 15% to 30% of a deferral, said Joseph Eck,...
Morgan Stanley Settles Race Discrimination Suit
Morgan Stanley has agreed to settle a class-action lawsuit that accused the investment bank of discriminating against black and Latino employees in its retail brokerage division since 2002.
Barclays Launches International REIT ETF
Barclays Global Investors (BGI) has announced the launch of the iShares S&P World ex-U.S. Property Index Fund on the NYSE.
EPIC Advisors Now Offers Investment Management
EPIC Advisors, Inc. announced it will now offer retirement plan investment management services as part of its suite of retirement plan products.
All S&P Investment Styles See Red in July
Nine U.S. equity investment styles posted negative returns in July, with greatest drop coming from SmallCap 600, according to Standard&Poor’s.