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MetLife Offers Tools for Addressing Lifetime Income Needs
MetLife Investors Distribution Company, the distributor of products offered by the independent distribution arm of MetLife, has launched a marketing campaign designed to help advisers address their clients'...
The Principal Names New VP of Consultant Relations
The Principal Financial Group has announced that Cynthia LeMay has joined the company as vice president of consultant relations for Retirement and Investor Services.
Pershing Program Helps Introducing Broker-Dealers Attract Talent
Pershing LLC, a unit of The Bank of New York Mellon, has launched a new program designed to offer broker-dealer customers and their investment professionals solutions and best...
John Hancock Campaign Provides Info and Tools for 529 Sales
John Hancock College Savings has launched a multi-week back-to-school campaign for the busy 529 sales season, providing information and tools to financial consultants.
401(k) Advisors Adds Target Fund Performance to Scorecard
401(k) Advisors has enhanced its Scorecard System to measure the performance of asset allocation portfolios, known as lifestyle and lifecycle, or target date, funds.
Institutional Investors Ramping Up Soft Dollar Allocations
Institutional investors have revived their use of commission payments for “soft dollar″ allocations, as the Securities and Exchange Commission (SEC) seems to have backed off its push to...
Emerging Equity Markets Continue to Outshine Developed Markets
Emerging equity market returns continued to outpace developed market returns in July, according to Standard&Poor’s global stock market review, The World By Numbers.
SEC Settles Late Trading Charges with MetLife Unit
St. Louis-based General American Life Insurance Company, a unit of MetLife, and a former executive have agreed to a $3.4 million settlement of late-trading charges with the Securities...
Study Says Income Annuities Best to Address Longevity Risk
A new study suggests lifetime income annuities are the most cost-effective and least risky asset class for generating retirement income that will last for an individual’s lifetime.
Northern Trust Launches Target Date Funds for DC Plans
Northern Trust will offer target date collective funds that are globally diversified and incorporate inflationary hedge asset classes such as global real estate and commodities, in addition to...
Traditional Retirement Stool Needs New Leg, Says Prudential
Americans need to add a fourth leg to the traditional “three-legged stool″ paradigm to properly prepare themselves for life after their full-time work lives come to an end,...
Invest n Retire Analyzes Investment Weighting For Participants
Invest n Retire, LLC has come out with a product that analyzes the investment allocation of employees’ plan contributions to determine whether the investment option is under-weighted or...
S&P Tracks Commercial Real Estate in New Indexes
Standard&Poor’s on Tuesday launched its S&P /GRA Commercial Real Estate Indices.
UBS Takes Active Approach to Target Date Funds
UBS Global Asset Management has come out with a new generation of UBS TargetRetirement Collective Funds that use an actively managed approach.
Economists Predict Bright Future for 401(k) Wealth
A research paper authored by a trio of university economists argues that most of the concerns that Americans’ retirement savings are insufficient to pay for their golden years...
McColgan Departs Fidelity After Four Months In New Post
One of the women who, it had been predicted, might take over Edward “Ned″ Johnson III’s reins at Fidelity Investments has announced her resignation, leaving behind the hovering...
Vanguard and Fidelity Rated As Best DC Web Sites
Fidelity Investments snagged the top overall spot in Kasina’s ranking of defined contribution plan Web sites for participants, while the Vanguard Group came in first for plan sponsors.
BoA Unveils Six Exec Appointments
Bank of America (BoA) announced Tuesday that it had tapped six executives for posts in the leadership team for its new Global Wealth&Investment Management (GWIM) Alternative Investments group.
Three Nicholas-Applegate Managers Form New Asset Management Firm
Three former Nicholas-Applegate portfolio managers have announced the formation of Eudaimonia Asset Management, a majority employee-owned, institutionally-focused investment advisory boutique.