Putnam Redirects 401(k) Investors from Balances to Monthly Income (MMExecutive) - The Putnam Lifetime Income Analysis Tool will be available to its 401(k) plans and financial advisers.

Mutual Funds, ETFs, Hedge Funds Cutting Fees (Registered Rep)

Russell Investments hires two ex-execs from iShares for its ETF biz (Investment News.com)

Putnam to launch simplified retirement income calculator (Investment News.com)

425 Funds Closed in 2009, Up From 145 in 2008 (MMExecutive) - In addition, many fund companies are merging unprofitable share classes.

Vanguard, PIMCO Tops In Flows (Fund Action)

Chuck Jaffe: ETFs vs. mutual funds? That's not the point (MarketWatch)

WisdomTree Rolls Out Fund-of-Funds, Hedged ETF (Research Mag)