Defined contribution assets grow at Northern Trust
The assets grew at an annualized rate of 136% from the end of 2009 through the end of January 2013. Northern Trust has approximately $214 billion in DC assets under custody.
View ArticleBroadridge’s “fund mapping” patent rights are confirmed
The company acquired the '635 Patent and the related Mapping Compliance Information solution in 2010 when it purchased NewRiver, Inc.
View ArticleFinancial / Retirement Planning Software Directory
See the detail on financial planning software including vendors, scopes, costs, and contacts.
View ArticlePick and Roll(over)
Hundreds of TV ads for financial services have appeared during the 2013 NCAA men's basketball tournament so far. None was an absolute slam dunk, but all were good. Read on, watch the video clips, and...
View ArticleObama’s Budget Too Austere for Retirement Industry
There’s outrage and indignation over the administration’s call for a $3 million cap on lifetime accumulations in tax-favored accounts, but only a tiny number of accounts would be affected.
View ArticleA Man of Conviction
How did Matthew Hutcheson, once a poster boy for fiduciary rectitude, turn into the wanted-poster man for fiduciary misconduct? But his ill-fated deal for the Osprey Meadows golf course (pictured) in...
View ArticleThe Bucket
Brief or late-breaking items from or about Goldman Sachs, Transamerica Retirement Services, Lincoln Financial Network, Fidelity Investments, and BNY Mellon.
View ArticleRoll Over, Rollovers: 'Roll-Ins' Have Arrived
Retirement Clearinghouse (formerly RolloverSystems) CEO Spencer Williams wants people to consolidate (roll in) their retirement accounts in their current 401(k)s. It would mean fewer ‘stranded’...
View ArticleFormer Fidelity employee sues over offerings in Fidelity’s own 401(k) plan
The lawsuit charges that Fidelity should have offered cheaper, better-performing funds--like Vanguard's--to the participants in its own plan. Fidelity denies the charge and says it contributes up to...
View ArticleA Chat with Nationwide’s Eric Henderson
"We’re trying to innovate around the concept of combining [annuities and life insurance] and creating a single product," Henderson told RIJ.
View ArticleI Survived the Frontline Broadcast
The expose's whole approach implied, sadly, that even after three decades of exposure to and participation in 401(k) programs, most Americans are still in the dark about them.
View ArticleLow rates drive life insurance industry restructuring: Fitch
Low interest rates “lower the relative profitability of some traditional products while also lowering the cost of borrowing if debt is used to finance the acquisition of these businesses,” Fitch...
View ArticleTreasury yields will lift at year-end: BNY Mellon
When Treasury yields begin to rise, the increase is likely to be gradual, resembling the rise in 2004 rather than the sudden increase which occurred in 1994, BNY Mellon's Standish fixed income unit...
View ArticleCFP Board endorses recent federal action on senior designations
The Consumer Financial Protection Bureau recently issued a list of senior designations and policy recommendations, in part based on input from the CFP Board.
View ArticleFinancial / Retirement Planning Software Directory
See the detail on financial planning software including vendors, scopes, costs, and contacts.
View ArticleObama’s Budget Too Austere for Retirement Industry
There’s outrage and indignation over the administration’s call for a $3 million cap on lifetime accumulations in tax-favored accounts, but only a tiny number of accounts would be affected.
View ArticleA Man of Conviction
How did Matthew Hutcheson, once a poster boy for fiduciary rectitude, turn into the wanted-poster man for fiduciary misconduct? But his ill-fated deal for the Osprey Meadows golf course (pictured) in...
View ArticleRoll Over, Rollovers: 'Roll-Ins' Have Arrived
Retirement Clearinghouse (formerly RolloverSystems) CEO Spencer Williams wants people to consolidate (roll in) their retirement accounts in their current 401(k)s. It would mean fewer ‘stranded’...
View ArticleBuenos DIAs
It’s morning in America for manufacturers of deferred income annuities, or DIAs. Are they a passing fancy, or do they offer the perfect balance between risk and reward?
View ArticleThe Trapdoors at the Fed’s Exit
The exit from the Fed’s QE and zero-interest-rate policies will be treacherous, writes this NYU Stern School of Business economist. Exiting too fast will crash the real economy, while exiting too...
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