News

Ary Rosenbaum, a New York ERISA attorney, introduced an independent Employee Retirement Income Security Act (ERISA) Section 3(16) fiduciary service.

Nine organizations asked for more time to make comments about lifetime income illustrations for defined contribution (DC) plan participants.

Fewer than 20% of investors under the age of 40 feel they received adequate financial advice following a recent life event. 

Northern Trust Corporation has rolled out its Defined Contribution Tracker, which serves as a barometer for the participant asset flows of defined contribution (DC) retirement plans.

The House Committee on Financial Services passed a bill Wednesday that would collar expected rulemaking from the Department of Labor (DOL) to amend the fiduciary definition.

A new analysis shows 38.3 million working-age households (45%) do not have any retirement account assets.

Benefit Consultants Group (BCG) launched its 401(k) X-Ray service for retirement plan sponsors and advisers.

Invesco PowerShares Capital Management LLC has launched PowerShares Global Short Term High Yield Bond Portfolio (PGHY).

Users of GPS (the Global Positioning System) say it has taken them off track an average of 4.4 times, a survey found.

The Investment Company Institute (ICI) expressed opposition to a Securities and Exchange Commission (SEC) proposal to reform money market funds.

Steven Shackelford joined PAi as executive vice president of sales.

Generation X employees struggle the most when it comes to saving for retirement, a survey by PwC indicates.

State Street Global Advisors (SSgA) is aligning its leadership in both active and passive strategies with client challenges.

The Dietrich Pension Risk Transfer Index increased considerably from May’s value of 85.81 to settle at 88.92 as of June 1.

Florida’s governor enacted legislation on Monday making it a notice-filing state for branch office applications.

Mike Flahaven and Brian Forneris are newly appointed retirement plan consultants for the central sales region of StanCorp Equities Inc., a subsidiary of StanCorp Financial Group Inc.

Overall, Americans are more secure than one year ago about their ability to retire comfortably, a survey found.

Investors added another $38.6 billion to long-term mutual funds in May, according to Morningstar, Inc.

Retirement planning horizons based on average life expectancy often result in underestimating the risk of running out of money, LIMRA contends.

Participants have a disconnect between portfolio allocations and their understanding of risk, according to a speaker at the (K)onvergence Summit in New York.