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Approach Roth IRA calculators with caution
Financial advisers beware: All Roth IRA conversion calculators are not created equal.
Helping clients tap retirement savings
Chances are, you have clients in financial distress, with a need for ready cash.
Congress to tackle rule on retirement advice
Now that the Department of Labor is scrapping a rule proposal that would have allowed brokers affiliated with financial-services firms to provide advice to 401(k) participants, Congress will move forward with legislation that would require that such advice be given by independent advisers, according to a key congressman.
Congress may yank advice provision from pension bill
Lawmakers in Washington are discussing scrapping the conflicted-advice provision of the 401(k) Fair Disclosure and Pension Security Act of 2009 — a move that would be welcomed by many in the financial services industry.
Milliman in talks to launch guaranteed-income product for 401(k) plans
Milliman Inc. is in discussions with a number of mutual fund companies, insurers and 401(k) plan sponsors to launch a guaranteed-income product that would be backed by a pool of insurers.
Hewitt: Advisers making inroads in 401(k) market
Despite the growing trend of employers putting their 401(k) plans on autopilot, many more are making investment advice available to plan participants, according to a Hewitt Associates survey released last week.
Bill would give indie advisers sole right to offer 401(k) advice
After focusing their efforts on increasing 401(k) fee disclosure, members of an influential committee last week approved a more comprehensive package of potential retirement reforms.
Bill would allow independent advisers to counsel 401(k) recipients
A key Congressional committee is expected to vote on a proposal - as early as next week - that could potentially bar thousands of brokers from providing investment advice to 401(k) participants, according to sources.
Bid to regulate financial planning industry will soon run into opposition, leaders predict
The industry effort to regulate financial planning as a profession has support from within — but it won't escape opposition from other sects of the financial services community, several industry leaders said today.
401(k) holders made out OK, says Fidelity
If you had a good mix of stocks and bonds in your retirement account and you left it alone through the market madness of the past year, more than likely you're in good shape now.
Survey: Women prepare kids for college, but leave the financial planning to others
While women take the lead role in households in preparing children for college academically, many still leave the financial planning process in the hands of their spouses, according to a survey released this week by OppenheimerFunds Inc.
Caterpillar settlement could make 401(k) advisers vulnerable to lawsuits over fees
Caterpillar Inc.'s announcement last week that it has reached a tentative settlement over the fees it charged its 401(k) plan participants may be bad news for plan sponsors, their advisers and mutual fund companies.
Milliman looking to partner on guaranteed income product for 401(k) plans
Milliman Inc. is in discussions with a number of mutual fund companies, insurers and 401(k) plan sponsors to launch a guaranteed income product that would be backed by a pool of insurers.
Rollover firm on a roll
The lousy economy hasn't been bad for everyone.
Smaller players foundering in target date fund market
More than twice the number of target date funds have liquidated this year than in all of 2008, indicating how difficult it is for asset managers unaffiliated with 401(k) record keepers to build assets in such funds.
Half of workers changing jobs cash out 401k
Millions of workers take a huge chance with their retirement savings every year: They cash out their 401(k) accounts when they lose their jobs or move to new employers.
Adviser is back in the running
Financial adviser Irene Berner is lacing up and hitting the pavement against leukemia and lymphoma, as she trains for the P.F. Chang's Rock "n' Roll Half Marathon in Phoenix.
Senate to address conflicts in proprietary target funds
Insiders say that the Senate Special Committee on Aging hearings Wednesday will focus on the potential for conflict of interest within proprietary target date funds.
Ameriprise settles with Mass. AG over claims six reps deceived clients
Ameriprise Financial Services Inc. has reached a $200,000 settlement with the state of Massachusetts, resolving accusations that several of its reps employed unfair sales practices when working with clients.
Bid to regulate planning industry will soon run into opposition, leaders predict
The industry effort to regulate financial planning as a profession has support from within, but it won't escape opposition from other sectors of the financial services community, several industry leaders said last week.
