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Court Rules for Employer with no Evidence of Benefits Eligibility
A federal appellate court ruled in favor of an employer that denied a claim for retirement benefits by a former employee’s sister because it found no evidence of...
Understanding the Different World of Church Plans
There is much opportunity for advisers in the 403(b) church plan market, but one should get educated first, because church plans are different.
Putnam Added to ML Advisor Alliance
Putnam Investments has been added to the Merrill Lynch Advisor Alliance platform.
White Paper Examines Benefits of a 408(b)(2) Audit
Roland|Criss published its third in a series of white papers addressing the new 408(b)(2) regulation’s specific impact on retirement plan sponsors.
DoL Issues Final Rule on 401(k) Fee Disclosure
The U.S. Department of Labor’s (DoL) Employee Benefits Security Administration (EBSA) issued a final rule on 408(b)(2) fee disclosure Thursday.
Assets in ETF Managed Portfolios Grew 43% in 2011
Total assets in exchange-traded fund (ETF) managed portfolio strategies rose 43% in 2011, according to a report from Morningstar.
Plan Must Restore Misplaced Assets Although not Recovered
A federal appellate court has found that a profit-sharing plan must pay back more than $1 million in assets wrongly transferred from a participant’s account, even thought it...
BNY Mellon Introduces Mobile Dashboard App
BNY Mellon introduced its Performance & Risk Analytics (P&RA) Mobile Dashboard application.
Pension Funds’ Securities Fraud Suit Revived by Appellate Court
The 2nd U.S. Circuit Court of Appeals reversed a lower court’s dismissal of a securities fraud lawsuit brought by four pension funds.
Study Says 401(k) Plans Undermine Government Efforts
New research shows that economic recovery is being impeded by market-based retirement plans, such as 401(k)s.
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Looking Glass
The end of a year is always a good time for reflection, for casting an eye back over the roads we have traveled, as we head into a...
DC Plan Account Accumulation Remained Positive Through Recession
During the period of 2005-2010 the typical defined contribution (DC) plan participant earned an average annual return of 3.76%.
Even Affluent Americans Lack a Comprehensive Plan
“Comprehensive” is a key word, according to a new Wells Fargo poll of affluent Americans regarding retirement; they might say they have a plan, but what does that...
As Long As They’re Healthy…
Among pre-retirees and retirees, the vast majority would rather live as long as they’re healthy, versus living as long as their money lasts, The Hartford and MIT AgeLab...
Plan Must Pay Back Assets Wrongly Transferred to Ex-Spouse
A court has ruled that a defined contribution plan must repay a former participant funds that were wrongly transferred to an account of his ex-spouse, even though the plan...
Survey Finds Most Investors Understand Target-Date Funds
Understanding of target-date funds (TDFs) is high, according to research from AllianceBernstein.
Krawcheck’s Take on the Future of WM
Sallie Krawcheck, former President of global wealth management at Bank of America, says the two biggest challenges facing the wealth management industry are attracting the next generation of...
Wirehouse Brokers Use Alternatives the Most; RIAs the Least
Research from asset management firm American Century Investments indicates the use of alternative investment strategies by financial intermediaries is widespread and growing.
American Workers Losing Confidence in Retirement
In Sun Life Financial’s latest Unretirement Index, one in five working Americans say they will never retire.