News

The U.S. Department of Labor (DoL) released an agenda for its public hearing on a proposal to refine the definition of fiduciary.

LPL Financial has introduced a platform that allows for discretionary management of variable annuity assets for LPL Financial-affiliated advisers.

In 2010, local Asia long-term funds gathered $55 billion in net inflows, slightly higher than in 2009, according to Strategic Insight, an Asset International company.

After five years of litigation, a judge gave final approval to a settlement of a suit accusing Ford Motor Co. of continuing to offer company stock in its...

The Newport Group introduced a Focus on Total Rewards benchmarking analysis, which provides comprehensive intelligence about executive benefits.

Principal Funds, the mutual fund arm of the Principal Financial Group, has created resources to help financial professionals guide clients through their Social Security benefits.  

Standish Mellon Asset Management Company LLC and The Boston Company Asset Management (TBCAM) are jointly managing the Total Emerging Markets strategy. 

Inadequately protecting confidential customer information was the reason behind the fines.

Fidelity Investments reports that nearly one-third of its Roth IRA Conversions executed across its retail and adviser businesses in 2010 occurred during the month of December.

FTSE Group has licensed GlobalX Funds to create an exchange-traded fund (ETF) based on the FTSE/ASEAN 40 Index.  

For years, retirement education focused on the need to save; but as Baby Boomers are starting to reach retirement, they’ll have to turn that accumulation into a source...

David Harper and Bill Straub of Legacy Executive Benefits have become members of the Retirement Plan Advisory Group (RPAG).  

Wall Street–watch out. At this week’s Toy Fair in New York City, Hasbro is introducing a completely computerized version of Monopoly–no “banker” necessary.  

A new TPA firm has hung out its shingle. 

Invesco PowerShares and Select Sector SPDRs have come to terms over a trademark suit filed last year. 

Focus groups conducted by the Center for Financial Security at Boston College showed participants do not appreciate the inherent diversification of target-date funds.

In a memo to the Retirement Services division, Andy Sieg, Head of Retirement and Philanthropic Services for BofA Merrill Lynch, announced that Tom McAuliffe will be the new head...

Great-West Retirement Services has appointed Adam Blitz as regional sales director for Long Island, New York.

T. Rowe Price announced recent hires within the Retirement Plan Services sales team.

MFS Investment Management has teamed with TPA(k)nowledge.com to offer complimentary access to TPALocator Service, a national network of third-party administrators (TPAs).