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Bringing a PPA Fiduciary Adviser to a Retirement Plan
Suggesting that many retirement plan advisers will become fiduciary advisers under the Pension Protection Act (PPA), attorney Fred Reish, Partner at Reish Luftman Reicher & Cohen, said plan...
Plan Fee Lawsuits to Bring Change
Although plan fees might not be excessive, advisers and plan sponsors should consider whether they can be less.
QDIA Guidance Has Retirement Community Holding Its Breath
As the retirement plan and investing community waits for the final regulations governing qualified default investment alternatives (QDIAs), there is significant anticipation to see whether the final pronouncement...
IMHO: Other People’s Money
I was on a panel at our recent Plan Designs conference, and the topic of qualified default investment alternatives (QDIAs) came up.
IMHO: Other People’s Money
I was on a panel at our recent Plan Designs conference, and the topic of qualified default investment alternatives (QDIAs) came up.
Exelon Fee Case Receives Class Action Status
Just days after the dismissal of a similar case in a different jurisdiction, a federal judge has agreed that an excessive fee suit against Exelon Corp. can move...
DB Consultant Conflicts Are Often Unreported
A recent report from the Government Accountability Office (GAO) indicates conflicts-of-interest often exist for consultants to terminated or likely to be terminated defined benefit pension plans, but seldom...
Money Markets Rule Investors’ Transactions in May
The combined assets of the nation's mutual funds increased by $329.1 billion, or 3%, to $11.396 trillion in May, according to the Investment Company Institute (ICI).
Hemingway to Head Aon Retirement Practice
Aon Consulting has tapped Cecil Hemingway to head its retirement practice operations.
Committee to Suggest Financial Reporting Improvements to SEC
Securities and Exchange Commission (SEC) Chairman Christopher Cox on Thursday announced the establishment of an advisory committee to examine the U.S. financial reporting system with the goals of...
Top Financial Goal for Boomers is Lifetime Income
On average, baby boomers expect to retire by age 63; however, most are not planning for 30 or more years in retirement and nearly half (44%) have not...
Security Benefit Reaches Deal to Acquire Rydex
Security Benefit on Thursday announced the signing of a definitive purchase agreement to acquire Rydex Investments.
EEOC Accuses Merrill of Discrimination
The Equal Employment Opportunity Commission (EEOC) has filed a claim against Merrill Lynch&Co. accusing the firm of discrimination against an Iranian Muslim employee.
IMHO: “Might″ Makes Right?
Last week the Government Accountability Office (GAO) published a 67-page report titled “Conflicts of Interest Involving High Risk or Terminated Plans Pose Enforcement Challenges.″
IMHO: “Might″ Makes Right?
Last week the Government Accountability Office (GAO) published a 67-page report titled “Conflicts of Interest Involving High Risk or Terminated Plans Pose Enforcement Challenges.″
Financial Services Benefits Offered By Less than Half of Employers in 2007
Although benefits offered by employers remained mostly the same in 2007 as in 2006, there was a slight decrease in the number of organizations that offered financial services...
ETF Assets Top $485 Billion in May
Assets of all exchange-traded funds (ETFs) rose in May by $18.97 billion, or 4.1%, to $485.51 billion, according to data from the Investment Company Institute (ICI).
CIEBA Updates DC Fee Disclosure Best Practices
The Committee on Investment of Employee Benefit Assets of the Association for Financial Professionals (CIEBA) has released an updated version of its primer, “Defined Contribution Fee Disclosure Best...
SEC Makes Terrorism-Link Info Available to Investors
The Securities and Exchange Commission (SEC) has added to its Web site a tool that permits investors to obtain information directly from company disclosure documents about their business...
John Hancock Settles on Failure to Disclose Revenue Sharing
The Securities and Exchange Commission (SEC) on Monday issued a settled order against certain investment advisers and broker-dealers owned by Manulife Financial Corporation and John Hancock Financial Services,...