Investment advice

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  1. DOL's proposal for new fiduciary standard moves to comment period

    trueThe Department of Labor is moving full steam ahead with a proposed fiduciary standard for anyone giving retirement investment advice after years of retrenching, officials announced Tuesday.

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  1. Charts: Advice seekers in DC plans

    trueA recent study revealed differences in who seeks advice from plan sponsors in defined contribution plans.

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  2. U.S. Chamber of Commerce warns of fiduciary rule overkill

    trueA new fiduciary rule proposal expected shortly from the Department of Labor could have negative unintended consequences, said benefits policy experts at a U.S. Chamber of Commerce forum Friday.

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  3. Aon Hewitt: DC plans sharpening tools for retirement planning

    trueDefined contribution plans are expanding efforts to provide financial advice and retirement planning tools, said a survey from Aon Hewitt published Wednesday.

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  4. DOL fiduciary rule proposal on track for January

    trueThe Department of Labor will propose a new fiduciary rule in January 2015, said an updated regulatory agenda issued by the Office of Management and Budget.

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  5. Precision, flexibility vital for DC plans, say speakers at P&I conference

    trueDefined contribution executives need to be both precise and flexible in the managing of their plans, according to fellow sponsors, consultants and providers who spoke at the annual Pensions & Investments West Coast Defined Contribution Conference, held Oct. 26-28 in San Diego.

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  6. White-label funds on rise for DC plans

    trueDefined contribution plan executives increasingly are replacing brand-name mutual funds with no-name options, trying to simplify investment lineups, increase portfolio diversity and reduce fees.

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  7. Exelon powers up major 401(k) plan changes

    trueExelon Corp. has overhauled the design and investments of its $6.2 billion 401(k) plan, seeking to provide greater diversification and simplicity while reducing costs.

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  8. Lawsuit against Financial Engines a red flag for plan executives

    trueGRQ Investment Management filed a lawsuit Aug. 8 against Financial Engines and Financial Engines Advisors in U.S. District Court claiming Financial Engines infringed on a pair of patents belonging to GRQ.

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  9. Sacramento utility seeks consultant for two DC plans

    trueSacramento (Calif.) Municipal Utility District is searching for an investment consultant for its $208 million 401(k) and $99 million 457 plans

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  10. DOL fiduciary rule delayed until 2015

    trueA proposed rule updating the definition of a fiduciary will not come out in 2014, according to the Department of Labor regulatory agenda published May 23 in the Federal Register.

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  11. Tennessee in hunt for third-party administrator for 3 plans

    trueTennessee Department of the Treasury, Nashville, is searching for a third-party administrator for the state's 457 and 401(k) plans, and 529 college savings plan.

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  12. Florida names finalists for 401(a) financial education, advice

    trueFlorida State Board of Administration named Ernst & Young Investment Advisers, Financial Engines Advisors and Financial Soundings Investment Advisor as finalists in a search for financial education and advice services to participants of the $7.4 billion Florida Retirement System 401(a) investment ...

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  13. Financial Engines picks executive VP of distribution, institutional sales

    truePaul Gamble was named executive vice president of distribution and institutional sales at Financial Engines.

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