News

Who is using value-added tools from providers, and are they a useful addition for sales, lead generation and other facets of an adviser’s business? 

Experts in health care and retirement are concerned that the federal government is seeking new sources of tax revenue, says an EBRI report.

Alliance Benefit Group (ABG) has launched a new partnership with Hueler Income Solutions to expand participant access to institutionally priced lifetime income products.

Voya Financial, Inc.’s retirement solutions business has launched myOrangeMoney, an online retirement planning portal that helps participants manage their accounts and plan for their unique financial future.

The Massachusetts Mutual Life Insurance Company (MassMutual) established a corporate venture capital fund to invest $100 million in innovative financial services businesses.

Jeff Bosco, a senior vice president, has been named the head of CUNA Mutual group’s wealth management business.

The financial crisis taught institutional investors many tough lessons, says Alexi Maravel, associate director at Cerulli Associates, including the importance of non-correlated assets in periods of market stress.

Some participants may be traditional retirement age, and they may have substantial assets, research from Bank of America Merrill Lynch says.

The Seeyond Multi-Asset Allocation Fund from Natixis Global Asset Management (NGAM) invests in stocks, bonds and volatility as an asset class.

The Senate’s Health, Education, Labor and Pensions (HELP) Committee advanced a bill seeking to better define rules for protecting pension assets when companies downsize or close.

Where there’s smoke, there’s fiery debate over which American cities offer the best barbecue. 

New Securities and Exchange Commission (SEC) rule amendments establish structural and operational reforms aimed at addressing “run risks” in money market funds.

United Benefit Advisors (UBA) named Les McPhearson as the organization’s next chief executive officer.

Russell Investments announced several updates to its Economic Indicators Dashboard, an analysis tool used by financial advisers to have informed conversations with clients about the U.S. economy.

The Newport Group, a national provider of retirement and executive benefit plans, has opened an office in the Chicago area.

Average individual retirement account (IRA) contributions for tax year 2013 reached $4,150—a 5.7% increase from 2012 and an all-time high, according to Fidelity Investments.

Prudential Retirement has promoted Gary Ward to head the firm’s stable value organization.

Schwab Intelligent Technologies reached an agreement with Morningstar, Inc. through which the investment research provider will participate in the Schwab OpenView Gateway technology platform.

A secure retirement is achievable, research says, if retirement plan participants start saving early and consistently—and at levels far above 3%. 

Stephen Rosenberg, an Employee Retirement Income Security Act (ERISA) and labor law litigator, has joined The Wagner Law Group.