Investment Instruments

Jim McCool, Charles Schwab's executive vice president of institutional business, made waves at an asset-management conference in March when he announced that the brokerage firm soon would offer 401(k) retirement plans stuffed solely with exchange-traded funds.

ING has appointed Maliz E. Beams CEO of ING Retirement, overseeing ING's employer-sponsored retirement plan business, ING Retirement Services, and ING Individual Retirement.

The SPARK Institute is accepting requests from the retirement plan community for possible changes to its lifetime income solutions data standards.

Total money market mutual fund assets increased by $9.56 billion to $2.748 trillion for the week ended Wednesday, May 25, the Investment Company Institute reported.

Proposals to scale back or eliminate retirement savings incentives in 401(k) plans not only endanger the ability of low- and moderate-income workers to enjoy secure retirements but are based on faulty math, according to new research from the American Society of Pension Professionals & Actuaries (ASPPA).

AXA Equitable recently announced the introduction of a product designed for fee-based advisors who are seeking equity and commodity index-linked growth potential for their clients.