INVESTING
Bond Funds Continue to Dominate in December
Feb 08, 2010 -- Bond funds saw inflows of $29 billion in December, according to Strategic Insight (SI), an Asset International company.
RESEARCH
Many Sponsors Step up 401(k) Game in 2010
Feb 08, 2010 -- Less confident of their employees’ ability to sock away a sufficient
retirement nest egg, mid- to large-sized companies in a new Hewitt
Associates survey said they plan to step up their efforts in 2010 to
help with that goal.
INVESTING
Mercer Finds Equity Markets End 2009 Strong
Feb 08, 2010 -- Mercer’s fourth-quarter 2009 Defined Contribution Universe Summary found gains in all equity markets during the period.
INVESTING
ETFs See Losses in January
Feb 08, 2010 -- Exchange-traded-fund (ETF) assets fell by $45.3 billion for the month,
or 5.8%, according to State Street Global Advisors January 2010 ETF
Snapshot.
PRODUCTS
RidgeWorth Launches Plan Adviser Web Site
Feb 08, 2010 -- RidgeWorth Investments has launched a new Web site that has an
interactive, customizable retirement plan benchmarking tool and general
resources that 401(k) advisers can use to help plan sponsors meet their
fiduciary duty.
DEALS/PEOPLE
Lockton Announces Employee Benefits Practice Chief Consultant
Feb 08, 2010 -- Lissa Thomson has been promoted to senior vice president, chief
consultant for Lockton Benefits Group's Southern California operations.
RESEARCH
BofA Merrill Lynch: Retirement Participants Boost Savings
Feb 08, 2010 -- 401(k) participants took positive savings actions within their
retirement savings plans in Q4 and throughout 2009, according to the
latest quarterly report from Bank of America Merrill Lynch.
COMPLIANCE
SEC Employees under Investigation for Watching Porn
Feb 08, 2010 -- The Washington Times reported that the U.S. Securities and Exchange
Commission (SEC) has launched internal investigations against more than
two dozen employees and contractors for viewing pornography on their
government computers.
DEALS/PEOPLE
Thain Gets New Gig at CIT
Feb 08, 2010 -- John Thain, the former chairman and CEO of Merrill Lynch, is now the
chairman and CEO of CIT Group Inc., which provides finance to small
businesses and middle-market companies.
DEALS/PEOPLE
Stewart Joins PEI as Senior Consultant
Feb 08, 2010 -- Portfolio Evaluations, Inc. (PEI) recently hired Fred Stewart as a senior consultant based in the firm’s Atlanta office.
IMHO
IMHO: Goal Lines
Feb 08, 2010 -- Heading into Super Bowl weekend, a new report focused attention on another “contest.”
PRODUCTS
The Value Quotient Releases Fiduciary Management Solutions
Feb 05, 2010 -- The Value Quotient announced the release of CLIENTconnect, fiduciary
management solutions delivered by financial advisers to their 401(k)
and 403(b) clients.
COMPLIANCE
West Virginia Mulls State Retirement Plan for Small Businesses
Feb 05, 2010 -- The West Virginia Senate's Pensions Committee is discussing a plan to
have the state set up retirement accounts for employees of small
businesses.
PRODUCTS
Great-West Launches Guaranteed Income Investment Options
Feb 05, 2010 -- Great-West Retirement Services has introduced a new set of guaranteed income investment options.
SELLING
RIAs Focus on Practice Management in 2010
Feb 05, 2010 -- Now that the storm has subsided, independent advisers are putting more
focus on their business, such as marketing and technology, according to
a survey by TD AMERITRADE Institutional.