NAPA Net's DC investment only provider list has been moved to our new "Industry Lists" page, here.
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Service Providers
BY Fred Barstein | 4/26/2013
In Santomenno v. Transamerica Life Ins. Co., a case that may have a significant impact on small market insurance record keepers, a federal court in the Central District of California rejected a... Read More
BY Fred Barstein | 4/22/2013
In its SEC S-1 filing, ING has set its stock price at $21-$24 per share when it rebrands to Voya. The offering should yield $1.4-$1.5 billion. ING’s Dutch parent will get $600 million in primary... Read More
BY Fred Barstein | 4/19/2013
Add a new player in the DCIO market. Nationwide, which has a significant presence in the small 401(k) market as well as with other DC and 457 plans, has hired five wholesalers plus a full support... Read More
BY Fred Barstein | 4/16/2013
NFP, a provider of benefits and wealth management services and a broker dealer with a strong presence in the DC market, announced a deal with Madison Dearborn yesterday to take the firm private. The... Read More
BY Fred Barstein | 4/12/2013
ING announced yesterday that it will rebrand to Voya in the next 20-24 months. As part of its bailout package in 2008, ING was required to divest its North American holdings by the end of 2013. While... Read More
BY NAPA Net Staff | 4/1/2013
When it came to American Funds, industry insiders and advisors always said that based on their 30-year history, they had a different model that few if any could follow. It seems that now, especially... Read More
BY NAPA Net Staff | 3/8/2013
Recent reports indicate that SunTrust will sell its asset management group Ridgeworth, according to Reuters. Three firms are reportedly interested. The price is estimated to be $250-$300 million on $... Read More
BY NAPA Net Staff | 3/7/2013
In a case of the rich getting richer, Fidelity reported a 34% increase in sales of plans with $50 million or less. Sales were reported to be $8.4 billion and 1,500 plans, with an average plan size of... Read More
BY NAPA Net Staff | 3/5/2013
In today’s rapidly evolving retirement marketplace, TPAs are being advised to “create a solution for your client as opposed to being a product peddler.”That was overarching theme of “TPA-ing the... Read More
BY NAPA Net Staff | 3/1/2013
While not answering the question of the percentage of plans that switch record keepers, in an interview with 401kWire (subscription only access), Ron Bush of Brightwork Partners noted that in his... Read More
BY NAPA Net Staff | 2/22/2013
Victory Capital has been sold (free registration required) by parent KeyCorp Bank to Crestview Partners and management for $246 million. Victory had been a player in the DCIO market, beginning when... Read More
BY NAPA Net Staff | 2/19/2013
According to a recent report by Bloomberg, the Bank of America/Merrill Lynch (BoA) retirement division had a record year in 2012, led by the sale of 401(k) plans. The $24.3 billion in new sales of DB... Read More
BY NAPA Net Staff | 2/13/2013
According to research conducted by Annova Consulting Group with mid-large plan sponsors ($20-$500 million) after a finals exercise in 2012, 31% decided to stay with their incumbent — up from 18% five... Read More
BY NAPA Net Staff | 2/7/2013
John Hancock’s Retirement Plan Services (RPS) division enjoyed a 28% increase in sales last year and drove overall performance of the company, as Manulife reported 2012 sales and earnings. Driven by... Read More
BY NAPA Net Staff | 1/15/2013
A new in-depth study conducted by Dalbar ranks providers on their 408(b)(2) compliance efforts. The Boston-based financial services consulting firm teamed up with Research on the study.Based on the... Read More
BY NAPA Net Staff | 1/14/2013
Record keeper search activity is expected to increase, according to the latest research from Cerulli Associates. However, RFPs will only serve to benchmark pricing."More than half of plan sponsors... Read More
BY NAPA Net Staff | 1/2/2013
In a relatively quick timeframe, MassMutual announced today that it has completed its acquisition of The Hartford’s retirement business. The acquisition was originally announced last September. There... Read More
BY NAPA Net Staff | 11/30/2012
With the economy slowing and expected to be slow for a while, it will only become harder and harder for active equity managers to deliver returns. There doesn't seem to be a silver bullet — so many... Read More
BY NAPA Net Staff | 11/30/2012
A study of 2,000 advisors across distribution channels conducted by LIMRA and McKinsey shows that even though providers have increased value added services over the last 10 years by 40%, most of them... Read More
BY NAPA Net Staff | 11/27/2012
In a survey of 100 DC plans conducted by NEPC, (free registration required) a DC and pension consultant, fees and revenue charged by record keepers dropped 5 basis points over the 15-month period... Read More
BY NAPA Net Staff | 11/26/2012
Last Wednesday’s NAPA Net Daily included two noteworthy stories. If you missed that issue because you were in a rush to get to Grandma’s house, the stories described:• Ascensus’ acquisition of... Read More
BY Fred Barstein | 11/21/2012
The Wall Street Journal has reported that ING has been given more time (subscription required) to sell its U.S. groups as part of a deal worked out with the European Commission, the European Union's... Read More
BY Fred Barstein | 11/21/2012
Ascensus will purchase ExpertPlan, 401kWire has reported, significantly boosting its number of plans under management from about 25,000 to over 40,000 and making it one of the largest providers in... Read More
BY Fred Barstein | 11/16/2012
CPI recently launched a new product called ClearDirection, which builds on a history of open architecture and leverages the resources and technology of its parent company, CUNA Mutual Group. At an... Read More
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