PEOPLE -
September 09, 2010
MSSB Taps Walker as Consulting Services Group Leader
September 9, 2010 (PLANSPONSOR.com) – Morgan Stanley Smith Barney has appointed Managing Director James F. Walker to head the Consulting Services Group.
PRODUCTS -
September 09, 2010
J.P. Morgan Announces New Long/Short Fund
September 9, 2010 (PLANSPONSOR.com) - J.P. Morgan Funds has launched a new equities mutual fund, the JP Morgan Research Equity Long/Short Fund (A shares: JLSAX).
HR/BENEFITS -
September 09, 2010
Is Your Boss “Lost”?
September 9, 2010 (PLANSPONSOR.com) – Although workers recently surveyed gave their bosses high marks in some areas, most picked Jacob from "Lost" as the TV boss most like their own because “you're never really sure where he is, what he wants and what he has in store for you.”
PRODUCTS -
September 09, 2010
Guardian Helps with Questions and Answers on Benefits
September 9, 2010 (PLANSPONSOR.com) – The Guardian Life Insurance Company of America (Guardian) has unveiled the Life and Disability Insurance Explorer an online educational tool using four questions to help people settle on their workplace insurance coverage.
HR/BENEFITS -
September 09, 2010
Poll Finds Widespread Auto Feature Takeup
September 9, 2010 (PLANSPONSOR.com) – Some 72% of employers in a recent poll have adopted auto plan features, with 51% using auto enrollment and 71% deferring participants into a target-date fund.
RULES/REGS -
September 09, 2010
Shifts in Employer Coverage Will Lead to Higher Health Care Spending
September 9, 2010 (PLANSPONSOR.com) – A survey conducted by the Centers for Medicare and Medicaid Services (CMS) auditors finds the net impacts of key Affordable Care Act and other legislative provisions on total national health expenditures are moderate, but the underlying effects on payer spending levels and growth rates are much more pronounced.
PEOPLE -
September 09, 2010
Russell Adds Execs to Alternatives Team
September 9, 2010 (PLANSPONSOR.com) – Russell Investments announced three executive hires in its alternative investments area.
FINANCE -
September 09, 2010
Labor Groups to Meet with U.S. Officials over States’ Pension Shortfalls
September 9, 2010 (PLANSPONSOR.com) - Labor groups will be invited to the U.S. Chamber of Commerce to talk about the shortfall in state employee pension plans that some believe could lead to a new government bailout.
PEOPLE -
September 09, 2010
Reiss Joins Hartford in Fund Sales Post
September 9, 2010 (PLANSPONSOR.com) – The Hartford Mutual Funds has tapped Jeff Reiss as national sales manager.
PEOPLE -
September 09, 2010
John Hancock New Hire to Lead Expansion of Retirement Planning Platform
September 9, 2010 (PLANSPONSOR.com) - John Hancock Financial Network (JHFN) has launched an effort to expand growth through its retirement planning platform and has hired industry veteran Bruce Harrington to lead the effort.
PRODUCTS -
September 09, 2010
Invesco PowerShares Announces Four New ETFs
September 9, 2010 (PLANSPONSOR.com) - Invesco PowerShares has entered into an agreement with Keefe, Bruyette & Woods, Inc. (KBW) for exclusive licensing to four indexes covering the financial services, REIT, and property & casualty insurance market sectors.
RULES/REGS -
September 09, 2010
Court Clarifies ERISA Benefits Disputes Discovery Rules
September 9, 2010 (PLANSPONSOR.com) – A federal appellate court has ruled that parties in Employee Retirement Income Security Act (ERISA) benefit plan suits have limits on their pre-trial discovery rights about plan administrators with conflicts of interest.
PRODUCTS -
September 09, 2010
Vanguard Introduces Index Funds and ETFs Based on S&P Benchmarks
September 9, 2010 (PLANSPONSOR.com) – Vanguard has introduced eight new index mutual funds and nine new exchange-traded funds (ETFs) based on S&P domestic stock benchmarks.
PEOPLE -
September 09, 2010
New Mexico Hires Kansas Pension System CIO
September 9, 2010 (PLANSPONSOR.com) – The New Mexico State Investment Council has hired a Kansas pension fund official as the deputy state investment officer.
PRODUCTS -
September 09, 2010
Hewitt Provides Health Data to Clinical Advocates
September 9, 2010 (PLANSPONSOR.com) – Hewitt Associates has added Thomson Reuters Micromedex, an “evidence-based reference information for drug, disease, toxicology and patient education” to its clinical advocacy services.
HR/BENEFITS -
September 08, 2010
More 401(k) Sponsors Provide General Education than Individual Advice
September 8, 2010 (PLANSPONSOR.com) - Far more organizations provide defined contribution retirement plan participants with general educational materials about the plan and about investing than provide participants with individual investment advice, according to a poll by the Society for Human Resource Management (SHRM).
FINANCE -
September 08, 2010
Pension Plans Focusing More on Risk Management
September 8, 2010 (PLANSPONSOR.com) - New research by Pyramis Global Advisors finds the financial crisis of 2008-2009 has refocused pension plans in North America, the U.K., and Northern Europe on defining and solving the risk management challenges they face in the decade ahead.
HR/BENEFITS -
September 08, 2010
Losing Health Plan Grandfathered Status May Pay for Some
September 8, 2010 (PLANSPONSOR.com) – A new Mercer study found that 53% of employers surveyed predicted they will be able to keep grandfathered status for all their plans next year under the health reform law – 14% fewer than a government estimate.
MARKETS -
September 08, 2010
Q2 a Difficult Quarter for Callan DC Index
September 8, 2010 (PLANSPONSOR.com) – Callan Associates reports that the Callan DC Index’s second-quarter performance was its worst since the fourth quarter of 2008.
PRODUCTS -
September 08, 2010
Diversified Launches Facebook Page
September 8, 2010 (PLANSPONSOR.com) - Diversified Investment Advisors, Inc. has launched “Your Money Matters” on Facebook to share and explore retirement and personal finance issues and trends with consumers.