Legal

Citigroup sold off the last of its 8 million share stake in Primerica. Primerica was spun off in an initial public offering in April 2010. After that deal, Citigroup owned about 40 percent of Primerica common stock. In April 2011, Citigroup publicly sold 12 million shares of Primerica stock, reducing...

The American Society of Pension Professionals and Actuaries and the Council of Independent 401(k) Recordkeepers sent a letter to the Department of Labor requesting it extend the applicability dates of fee disclosure regulations that affect both plan sponsors and plan participants.

Wells Fargo & Co. announced it is buying EverKey Global Partners, an investment boutique that offers global equity strategies to institutional clients.

In a letter to the Federal Insurance Office today, the Insured Retirement Institute encouraged the FIO to focus on the insurance regulatory system in the context of the current state of retirement savings in America and the need for consumers to insure against the risk of outliving their assets as...

Perhaps, after its all said and done, the end of the Mayan Calendar the Year 2012 will not mark the end of civilization as we know it. Maybe it just will just mark the beginning of the end of overpriced 401*(k) service providers.

Security Benefit Corp. is partnering with Mesirow Financial to launch a new 401(k) product with fiduciary protection.