PRODUCTS -
March 16, 2010
New Option Designed to Help Retirement Income be “Shown, Known and Guaranteed”
March 16, 2010 (PLANSPONSOR.com) – Plan sponsors looking for a retirement income solution have another option to consider.
HR/BENEFITS -
March 16, 2010
TRIVIAL PURSUITS: Where Is The Land of Hanah Lee?
March 16, 2010 (PLANSPONSOR.com) - The song “Puff the Magic Dragon” has long been said to have drug references, including the reference to a land called Hanah Lee – which turns out to be a reference to a real place.
RULES/REGS -
March 16, 2010
Senate Passes Bill to Expand 401(k) Roth Access, But…
March 16, 2010 (PLANSPONSOR.com) - A legislative amendment could make it easier for participants to do a Roth conversion within a 401(k) plan – but not for as many as you might have thought.
PRODUCTS -
March 15, 2010
ftwilliam.com joins Wolters Kluwer Portfolio
March 15, 2010 (PLANSPONSOR.com) - Wolters Kluwer Law & Business has acquired ftwilliam.com.
PRODUCTS -
March 15, 2010
Matrix Financial Solutions to Offer Same-day ETF Trading
March 15, 2010 (PLANSPONSOR.com) - Matrix Financial Solutions, a provider of retirement products and services to third party administrators (TPAs), financial advisers, banks, and wealth management professionals, has announced that it will make ETFs eligible for retirement plan trading on its platform.
MARKETS -
March 15, 2010
ETFs Rebound from Bad Start in 2010
March 15, 2010 (PLANSPONSOR.com) - After steep outflows of roughly $16.7 billion in January, exchange-traded funds attracted net inflows of more than $4.6 billion in February, according to the Morningstar Direct Fund Flows Update.
MARKETS -
March 15, 2010
U.S. Stock Funds Get Snubbed in February
March 15, 2010 (PLANSPONSOR.com) - Excluding domestic-stock funds, every other major asset class took in assets in February, according to the Morningstar Direct Fund Flows Update.
HR/BENEFITS -
March 15, 2010
Detroit Enforces Policy on Scents after Settling Lawsuit
March 15, 2010 (PLANSPONSOR.com) - Detroit officials announced plans to place placards in three city buildings detailing scented products to avoid due to a settlement in a federal lawsuit filed by a city planner in 2008 and settled last month.
HR/BENEFITS -
March 15, 2010
IL Lawmakers Propose Shift to DC Plans for State Employees
March 15, 2010 (PLANSPONSOR.com) – Illinois' five state defined benefit pension plans would be closed to new hires under a proposal by Republican gubernatorial hopeful Senator Bill Brady.
PRODUCTS -
March 15, 2010
Schwab Offers Four PIMCO Muni Bond Strategies
March 15, 2010 (PLANSPONSOR.com) - Charles Schwab & Co., Inc. is expanding its fixed income offerings with four Municipal Bond Ladder Separately Managed Account (SMA) strategies managed by PIMCO.
PEOPLE -
March 15, 2010
Russell to Expand Global Alternatives Team
March 15, 2010 (PLANSPONSOR.com) - Russell Investments is expanding its manager research and consulting advisory services globally in an effort to deepen capabilities in less traditional strategies such as active commodities, private investments, and higher-alpha-driven strategies.
FINANCE -
March 15, 2010
Target-date Funds Fare Well, but Disclosure Could Improve
March 15, 2010 (PLANSPONSOR.com) – Morningstar's 2010 Target-Date Series Industry Survey finds target-date funds are performing well and becoming increasingly popular, but there is still room for improvement.
PRODUCTS -
March 15, 2010
Paychex Opens Services to Fee-based Advisers
March 15, 2010 (PLANSPONSOR.com) - Independent, fee-based retirement advisers can now work with their clients through Paychex Retirement Services.
HR/BENEFITS -
March 15, 2010
Tire Company to Pay $2M for Gender Discrimination
March 15, 2010 (PLANSPONSOR.com) - The U.S. Equal Employment Opportunity Commission (EEOC) has resolved its gender-based hiring class lawsuit against Les Schwab Tire Centers of Washington, et al., and Les Schwab Tire Warehouse, Inc. for $2 million.
HR/BENEFITS -
March 15, 2010
A Little 'Madness' Can Boost Morale
March 15, 2010 (PLANSPONSOR.com) – A recent survey by OfficeTeam revealed that 41% of managers say March Madness activities, such as watching game highlights or engaging in friendly competitions, have a positive effect on employee morale.
PRODUCTS -
March 15, 2010
MetLife Adds Funeral Planning to Group Life Products
March 15, 2010 (PLANSPONSOR.com) – MetLife has announced that funeral planning resources are now provided with all of its Group Life and Accident insurance products.
PEOPLE -
March 12, 2010
Talking Points: Interview with EBRI
Jack VanDerhei discusses the Employee Benefit Research Institute's 2010 Retirement Confidence Survey.
PEOPLE -
March 12, 2010
Strategic Insight Opens London Office
March 12, 2010 (PLANSPONSOR.com) - Strategic Insight, a New York-based global provider of data, research, and consulting to investment management and distribution companies, has opened an office in London.
PRODUCTS -
March 12, 2010
J.P. Morgan Applies for Three New ETFs
March 12, 2010 (PLANSPONSOR.com) - J.P. Morgan Investment Management
Inc. has filed applications with the Securities and Exchange Commission to
create and operate an actively-managed exchange-traded fund as well as two index
ETFs.
PRODUCTS -
March 12, 2010
Eaton Vance Plans Actively-managed ETFs
March 11, 2010 (PLANSPONSOR.com) - Eaton Vance Management has filed an application with the Securities and Exchange Commission to create and operate five actively-managed exchange-traded funds.