Investment advice

P&I / Rocaton Defined Contribution Survey, part 2

Gwinnett County Retirement Plans Management Committee is searching for an investment advice provider for its combined $196 million 457 and 401(a) plans.

The Department of Labor on Monday finalized a rule spelling out permissible scenarios for giving investment advice to 401(k) participants without running afoul of prohibited transaction rules. The rule, which will goes into effect in 60 days, allows for providing investment advice under one of two

Defined contribution participants who used professional financial advice and management assistance had higher returns between 2006 and 2010 than those who didn’t, according to a new report by Aon Hewitt and Financial Engines. Participants who used “help” — defined in the report as using target-date

Final regulations on investment advice to plan sponsor clients should be released in the next week or two, said Phyllis Borzi, the Labor Department’s top pension executive. The proposed regulations, introduced in February 2010, would require 401(k) plan investment advisers to disclose their fees

Eighty-one percent of Charles Schwab’s record-keeping clients made investment advice available to its 401(k) plan participants as of June 30, compared to 58% as of year-end 2007, according to new research from Schwab. Also, 41% offered automatic enrollment as of June 30 compared to 24% for year-end

The tool, which was designed by Nobel laureate Robert Merton, makes investment decisions for DC plan participants, and nags them to increase deferral rates.

The Department of Labor today announced proposed rules that would make it easier for participants in defined contribution plans and IRAs to get individual investment advice. Under the proposals, implementing key provisions in the Pension Protection Act of 2006, advice arrangements in

Close to half of defined contribution plan participants still turn to friends and family for advice about their retirement plan assets, according to a new survey.

Calling automatic enrollment and auto-escalation programs "game-changing," Drew Carrington says UBS is poised to do just that even though the firm only joined the game shortly after the passage of the Pension Protection Act of 2006.

Fees and qualified default investment options were among the hottest topics at Pensions & Investments ' 16th annual East Coast conference earlier this month in Palm Beach Gardens, Fla.