News

Two-thirds of defined contribution (DC) plan providers have launched mobile initiatives focused on plan participants, with more companies planning them, LIMRA found.

Matt Vanaman was named managing director of investment consulting, a newly created position, for Compass Financial Partners.

Middle-income Baby Boomers would be less likely to save for retirement if taxes are increased or if tax incentives for retirement savings are reduced or eliminated.

The Securities and Exchange Commission (SEC) said that William M. Stephens solicited investors and was paid fees, but never registered as a broker. 

Advisers are gearing up for growth with technology investments, customer service and training, according to a survey by TD Ameritrade.  

Joseph Mulford, Glenn Harris and Daniel McFadden have joined the U.S. institutional group of SEI.

 Is the Department of Labor (DOL) stepping on toes with its guidance about target-date fund (TDF) selection?   

Lincoln Financial Group's Retirement Plan Services business has engaged the Retirement Income Team of law firm Drinker Biddle & Reath to educate plan sponsors about in-plan guarantees.

Exchange-traded fund (ETF) assets increased by $1.3 billion, or 0.1%, in February. 

 Registered investment advisers (RIAs) and dually registered advisers are the fastest-growing channels, according to research from Cerulli Associates in Boston.   

John Carter has been named leader of Nationwide Retirement Plans.

Defined benefit (DB) plan sponsors have new guidance concerning new disclosure requirements mandated by the Moving Ahead for Progress in the 21st Century Act (MAP-21).

Jim Kourkoulakos was named a senior portfolio manager for fixed income at Munder Capital Management.

There was no decline in retirement preparedness among employees in 2012 despite a decline in overall financial wellness, according to data from Financial Finesse.

Joshua Haynes was named regional sales director at Great-West Financial for the Colorado, New Mexico and Wyoming markets.

Goldman Sachs Asset Management (GSAM) launched the Goldman Sachs World Bond Fund (Class A Share: GWRAX). 

 Total 529 savings plan assets reached an estimated $168.5 billion in the last quarter of 2012.   

Annuity contracts can bring up several Employee Retirement Income Security Act (ERISA)-related issues that plan sponsors should consider.

Less than half (43%) of Americans who are actively planning for retirement intend to meet with a financial adviser to review investment strategies this year.

Employers and employees are taking action to get financially fit, according to the Bank of America Merrill Lynch 401(k) report.