News

Last week brought to light an aspect of 401(k) litigation that doesn’t generally get a lot of coverage—and the participant-plaintiff was presented with a $50,000...

In testimony at a Senate committee hearing, the Government Accountability Office (GAO) said that 401(k) plan participants can receive part of the profits from securities lending, but would...

The Senate Special Committee on Aging held a hearing this week titled, "Securities Lending in Retirement Plans: Why the Banks Win, Even When You Lose."

Stating that previous media reports on its position were unclear, the American Society of Pension Professionals & Actuaries (ASPPA) insists it and its affiliated organizations “strongly support” redefining...

Mary Mitchell returned to Buck Consultants' Pittsburgh office as a principal in its retirement practice. 

A federal judge in Illinois awarded the employer in a stock-drop case $50,000 in costs a year after ruling against the employee who filed the case.

A survey from Capital One Bank found that more than one-third (37%) of Americans plan to spend all or part of this year’s refund.

The adjustments are in line with The Hartford's newest strategies: increasing its share of government and tax-exempt retirement plans and enhancing participant education.

WisdomTree has launched the WisdomTree Asia Local Debt Fund (ALD).

Seventy-nine percent of respondents to a Charles Schwab poll cite charitable giving as a priority, outranking a surprising number of other priorities.

Russell Investments is launching the Russell Global 3000 Index series of 18 indexes — all sub-components of the Russell Global Index.

Long-term funds in Asia saw $8.7 billion of flows in January, with new launches collecting over 100% of the total contributions, according to Strategic Insight, an Asset International...

The Centers for Disease Control and Prevention released a preliminary report this week on the life expectancy of a baby born in 2009.  

The Government Accountability Office (GAO) suggested that retirement plan sponsors and participants should be made more aware of the risk that some investments may have distribution restrictions.

In a Webinar discussing the power of real-time marketing on social media platforms, authors of a new book asked the financial industry–why are we so behind? 

The U.S. Department of Labor (DoL) sued a now-defunct company alleging it walked away from its 401(k) plan without distributing $1.3 million in assets to participants.

DWS Investments, the U.S. retail unit of Deutsche Bank’s Asset Management division, appointed Tiffani Potesta as a Director and Senior National Account Manager. 

American Pension Services, Inc. announced a partnership with T3Direct Marketing of Modesto, Calif., which will reimburse advisers for prospecting appointments.  

Fifty-five percent of plan sponsors say they have no plans to adopt automatic enrollment in 2011, according to a recently released survey.

3(21) limited scope investment advisers are used more frequently than 3(38) outsourced investment advisers, according to a Grant Thornton survey.