DEALS/PEOPLE
Gallagher Makes Another Acquisition >
September 02, 2010 -- Arthur J. Gallagher & Co. has acquired Old Greenwich Consulting Group based in New York, after acquiring Benefits Unlimited in early August.
PRODUCTS
Fidelity Introduces Free iPad App >
September 02, 2010 -- Investors can download the application specifically designed for the Apple iPad, free of charge, on iTunes
COMPLIANCE
Bonuses and Commissions Could Face Higher Taxes >
September 02, 2010 -- The American Payroll Association (APA) issued a statement today to alert the public of the potential hit paychecks will take due to expiring tax cuts.
COMPLIANCE
Court Finds Plan Trustee Could not Act on Knowledge of Breaches >
September 02, 2010 -- A federal court in Illinois ruled that participants of the Antioch Company Employee Stock Ownership Plan are not barred from moving forward with their claim that company fiduciaries and GreatBanc Trust Co. breached their duties under the Employee Retirement Income Security Act.
DEALS/PEOPLE
New CIO Joins SageView Team >
September 02, 2010 -- Richard Palmer begins today as the Chief Investment Officer at the SageView Advisory Group based in Irvine, California.
DEALS/PEOPLE
Scout Picks Up Indiana Fixed-Income Shop >
September 02, 2010 -- Scout Investment Advisors, a subsidiary of UMB Financial Corporation, has agreed to acquire Reams Asset Management Company, an investment management firm specializing in fixed-income products.
COMPLIANCE
401(k) Participant at Fault in Account Withdrawal Dispute >
September 02, 2010 -- A federal judge in Oklahoma has cleared a 401(k) plan administrator of wrongdoing in a dispute over whether the employer should be forced to repay the participant for funds his ex-wife took out of his account.
DIVERSIONS
One to Three Drinks a Day is A-OK >
September 02, 2010 -- A new study in the journal Alcoholism: Clinical and Experimental Research provides the strongest evidence yet that moderate drinking can make you live longer.
PRODUCTS
Ancora Offers Source Companies’ Open Architecture Plans >
September 01, 2010 -- Ancora Advisors has rolled out Open Architecture 401K products offered through Source Companies
COMPLIANCE
WaMu to Settle Stock Drop Suits for $49M >
September 01, 2010 -- A federal court has given preliminary approval of a settlement that would resolve lawsuits alleging breaches of fiduciary duties under the Employee Retirement Income Security Act by Washington Mutual.