News

 Gabriela Heffernan was named regional director for the South West for Putnam Investments’ 401(k) team.  

BCG Securities unveiled a newly designed website for plan sponsor clients.

Segal expanded and renamed its fiduciary liability insurance practice. 

Keith Reynolds and Richard Pietrzak have been named consultants at Segal Rogerscasey.

S&P 1500 plan sponsors finished 2012 with the highest year-end pension deficit ever.

Independent Wealth Advisors Group and TBCI have merged into a registered investment advisory with total assets under management of more than $100 million.

Greg Tencza was named managing director and head of institutional distribution at ING U.S. Investment Management.

Job seekers will have the best luck in seven cities in Arizona, California, Florida, Texas and Utah, a survey predicts.

Corporate pension plan funding levels took a modest dip in 2012, keeping most plans considerably underfunded.

Pioneer Investments launched a low-cost share class designed for inclusion in certain qualified defined contribution (DC) retirement plans.

Prudential Retirement added American Century Investments’ line-up of target-date funds to its guaranteed income solution for defined contribution (DC) plans.

A new blog shines a light on the weekly strategy meetings of J.P. Morgan Asset Management’s global fixed-income, currency and commodity group.

 Europe, China and the U.S. must overcome hurdles to keep the global economic recovery intact.  

Pension Benefit Guaranty Corporation (PBGC) Director Joshua Gotbaum says some multiemployer plans could use more help to remain solvent.

The Council of Institutional Investors has requested additional guidance from the Securities and Exchange Commission (SEC) to prevent insider trading.

Defined contribution (DC) plans cost more than defined benefit (DB) plans per employee hour worked, but DB plans cost more than DC plans per participant.  

Evercore Wealth Management LLC announced the completion of its acquisition of Mt. Eden Investment Advisors in San Francisco.

The case against Ameriprise Financial Inc. over its 401(k) investment options is moving forward with a pretrial conference date set for early next month.

A judge approved a collective bargaining agreement between an airline and a pilots association.

The federal court system will hear a case challenging Pennsylvania’s mandatory retirement age for judges.