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ING Agrees to Settlement in Spitzer Fee Suits
ING Group has agreed to pay $33 million to settle lawsuits which allege it took fees in exchange for promoting particular funds in retirement plans and did not...
Court Approves $11M Settlement in Co. Stock Suit
The US District Court for the Southern District of Ohio has approved an $11 million settlement for a class of former employees of Broadwing Inc., which sued the...
Making Amends: Problems and Solutions for Participant Loan Missteps
According to the IRS, one of the common retirement plan administration mistakes relates to plan loan failures and deemed distributions. Advisers can assist their clients in implementing administrative...
Equity Funds Inflow Takes a Leap in August
Some equity fund offerings were comparatively hot in August as investors added a net $4.8 billion to US-based stock mutual funds, up from $738 million the month before,...
World Equity Markets Turn Positive in September
Developed world equity markets gained 1.12% in September 2006, while emerging markets rose 0.38%, according to Standard & Poor's World by Numbers report.
Active Managers Continue to Lag Passive Indices
The latest Standard & Poor's Indices Versus Active Funds Scorecard (SPIVA) results revealed the S&P 500 outperformed 80.3% of actively managed large-cap funds during the third quarter of...
Product Briefs for Week of October 13, 2006
401kDIRECT Network (401kDIRECT, 401kTechTeam, & Pension Retirement Online) has introduced a "TOTAL Solutions Package" that will be available to qualified plans via the Plan's 401k Professional, whether it...
Fund Briefs for Week of October 13, 2006
Putnam Small Cap Value Equity Managed Account has been selected by Merrill Lynch's Global Private Client Investment Management & Guidance for inclusion in the financial services firm's separately...
Fidelity Launches Advisor Asset Allocation Funds
Fidelity Investments has expanded its line-up of asset allocation funds available through financial advisors with the launch of Advisor classes of the Fidelity Asset Manager funds.
Premature Rollovers
Recent studies indicate that more than half of participants spend at least some of their retirement savings well before that date.
Overcoming Bad Assumptions
While there has been a lot of talk the past year about the need to boost participation and deferrals, we don't seem to be making much progress.
Retirees Content with Adviser Relationships
The good news is that retirees appear to be quite content with their existing adviser relationships — all the more reason for advisers to establish those connections prior...
Cost Concerns, Ignorance Slow Small Plan 401(k) Adoption
More than 13.6 million employees in small, micro-businesses lack an employer-sponsored 401(k) plan today, a Fidelity news release said — a result that may well be the result...
Time to Be Looking for Clients Who May be Looking
A study released recently by Fidelity Investments says that 69% of small businesses review their 401(k) plan at least once a year and about a quarter (26%) of...
Prospecting 101
It is almost never a good idea to waste time pursuing clients who will not be a good fit for your business, even if they do appear to...