Products May 11, 2003

TD Waterhouse Unveils Retirement Planning Site

November 29, 2001 (PLANSPONSOR.com) - TD Waterhouse Group, Inc. has introduced the TD Waterhouse Retirement Advisor, a free online service providing retirement planning tools and resources.
Reported by

The Retirement Advisor, accessible from the Planning section of TD Waterhouse’s Web site, offers information and interactive tools that address the financial and non-financial issues facing retirees.

The site divides the retirement planning process into three sections.

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Planning

The first section, Making a Plan, offers interactive tools to help investors in the early stage of retirement planning, including:

  • retirement planning basics
  • social security
  • net worth
  • savings calculators
  • a calculator that determines the costs of delaying the retirement savings process and the benefits associated with saving early.

Decisions, Decisions

The section Decision Day provides information for those about to retire. This section includes:

  • a retirement readiness test and checklist
  • a relocation scout
  • estate tax, social security benefit and life and disability insurance calculators.

Golden Years

The final section, Living Retirement, provides retirees information on:

  • managing retirement income
  • relocation
  • healthy living in retirement
  • travel opportunities, hobbies, and volunteering

To provide calculators, content and other interactive planning tools for the Retirement Advisor, TD Waterhouse partnered with Universal Pensions, Inc., Financial Visions; and Homestore.com, Inc.

Compliance May 10, 2003

SEC Widens Hedge Fund Probe

October 17, 2002 (PLANSPONSOR.COM) - The SEC has broadened an earlier hedge fund probe to look into "fund of hedge funds" valuation.
Reported by

The original investigation, launched in May 2002, was initiated to look into how hedge funds are valued.  

However, the proliferation of “fund of hedge funds” – alternative investments that pool the money of average investors allowing access to the hedge fund market – has given cause for speculation into their value as well.  

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Because the average investor now has more access to the volatile hedge fund market, the SEC wants to ensure that these “fund of hedge funds” are valuing their investments correctly, and passing the correct valuation on when determining the fund’s overall value.

With the downturn of the market over the past few years; the $550 billion hedge fund industry has suffered as well.   According to New York consultants, Hennessee Group, the average hedge fund has lost more than 5% year-to-date.

The SEC did not provide a target date for the publication of results from this investigation.

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