Replaces Robert J .Blanding, who will remain chairman.
Replaces father, Edward “Ned” Johnson, who will retire but remain chairman.
The Massachusetts Securities Division, led by William Galvin, targeted many of the wrong firms in questioning 401(k) record keepers about employers moving to an annual match instead of contributing each pay period.
Reduced DB plan presence, cool markets cited for slight AUM gains
Sources say London Stock Exchange will keep indexing unit, could get $700 million to $1 billion for money management, consulting businesses.
In note to employees, Abby Johnson says money management unit 'performing well.'
The complaint alleges self-dealing, excessive fees in managing the $1 billion plan.
New York has earned the dubious honor of being the nation's leader in mortgage fraud last year, according to a report from the LexisNexis Mortgage Asset Research Institute.
