Schwab Bets Big on 401(k)s Packed With ETFs
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.
Global Pension Funding Levels Edged Higher in 2010
Global pension funding levels were up to 87% at year-end 2010, according to analysis released Friday by Aon Hewitt, the global human resource consulting and outsourcing business of Aon Corp.
Aon to Acquire Benefits and 401(k) Firm Hewitt Associates
Chicago-based Aon Corp will acquire Hewitt Associates Inc., based in Lincolnshire, Illinois (NYSE:HEW), and merge Hewitt into the Aon Consulting unit in a deal with a value of about $4.9 billion, the companies said Monday, July 12.
Michael Meyer of C&B Mid Cap Value Portfolio
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