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BY NAPA Net Staff 10/28/2013
Transamerica Retirement Solutions has announced the expansion of their pension sales and distribution team, bringing aboard industry leaders Ty Minnich and Cathy Berg. Ty Minnich joins Transamerica as vice president of not-for-profit institutional markets. Minnich will focus on growing Transamerica...
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BY John Ortman 10/28/2013
With the creation of NAPA in 2011, plan advisors who want to bring about change rather than react or complain have a group that speaks for them and a way to engage with Washington. The first step in the process of engagement is understanding the issues and the people in Washington who have the most...
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BY Fred Barstein 10/28/2013
Are alternatives in your future? Should they be? While many advisors are reluctant to recommend them, alternative mutual funds are growing at a propitious rate. And with returns from traditional markets promising to be low in the future, alternatives could be one way to boost returns.According to a...
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BY Fred Barstein 10/28/2013
According to research by Transamerica, there’s good news about company matches. Among those companies that suspended or curtailed their match, almost half have reinstated it, but in a more thoughtful way. Many are employing a “stretch match,” which might give 30% of 10% rather than 50% of 6%....
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BY NAPA Net Staff 10/25/2013
Legg Mason reported a total of $656 billion in assets under management as of Sept. 30, up 2% from June 30 and up 1% from Sept. 30, 2012.Net outflows for the quarter were $1.4 billion, compared with outflows of $8.5 billion during the previous quarter. Fixed-income inflows were $300 million,...
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BY Fred Barstein 10/25/2013
As reported in Investment News, the days of large recruiting bonuses paid by wire houses may be over, as Morgan Stanley and Merrill Lynch have reported a slowdown in giving big recruiting bonuses. These bonuses escalated after the recession, creating what Morgan Stanley CEO James Gorman calls an...
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BY Fred Barstein 10/25/2013
It’s been less than 10 years since DCIOs burst onto the scene, as investment menus opened up and the demand for more funds created an opportunity for them. Many, like American Century and Invesco, used the shift to exit the record keeping business entirely. Since then, DCIOs have become the main...
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BY Fred Barstein 10/25/2013
According to analysis and research by Alicia Munnell of Boston College’s Center for Retirement Research, changes in Social Security have made the effective retirement age 70. Given longer lifespans, that age may be appropriate. But the changes may hurt workers who are forced to retire and take...
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BY Andrew Remo 10/24/2013
The Maryland Joint Committee on Pensions, a panel made up of Maryland state legislators, held a briefing Oct. 23 examining the challenges facing the private employer-based retirement system. Brian Graff, CEO/Executive Director of ASPPA and NAPA, participated in the briefing and submitted testimony...
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BY Fred Barstein 10/24/2013
While there are no proposals to ban commissions in the U.S., under the DOL’s proposed redefinition of fiduciary rule it will be harder for commissioned advisors to work on ERISA plans and IRAs. Other countries, including the Netherlands, the U.K. and India, have taken initiatives that eliminated...
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