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ABC Testifies on Pension De-Risking
The American Benefits Council (ABC) testified before the ERISA Advisory Committee (ERIC) to describe the motivations behind employers reducing their pension plan liabilities by “de-risking.”
PSNC 2013: Pursuing PRT
The market for pension buyouts reached $37 billion last year. Is pension risk transfer (PRT) right for your defined benefit (DB) plan and your company?
PSNC 2013: Inside or Out?
Should retirement income products be offered inside defined contribution (DC) plans or as rollover solutions?
Considering Alternatives as DC Investments
Plan sponsors should consider using alternative investment structures for better risk balance and the reducing of volatility experienced by retirement plan participant, a paper said.
UBS Announces New Hires
Elyse Mittenthal and Claire Guido joined UBS’ corporate employee financial service division, and Matthew Strapko, Michaelangelo Dooley and Michael Hersh are new to its participant experience team.
Funded Status of Corporate Pensions Increased in May
The funded status of U.S. corporate pension plans increased during May, according to the BNY Mellon Investment Strategy and Solutions Group (ISSG).
If You Build It, They Will Come
Ann Schleck & Co. and ShoeFitts Marketing have teamed up to offer Voilá, a marketing and branding program for retirement plan advisers.
Motivation Key to Better Saving Behaviors
Tools and services focused on employee motivation will lead employees to take effective action to save for retirement, a research paper contends.
ADP Introduces Plan Health Review
ADP released the ADP Plan Health Review, a tool to help plan sponsors measure the retirement readiness of their employees.
Look Out, Apple, Samsung’s Gaining on You!
People still love their iPhones, but they love them a little bit less than they did a year ago.
New York Life Adds Relationship Managers
Francesca Truska and David Ramirez joined New York Life Retirement Plan Services as relationship managers in technology and communications.
Retiree’s Pension Overpayments Won’t Continue
A court has rejected a retiree’s attempt to continue receiving pension overpayments caused by a glitch in a plan consultant’s computer system.
Buck Consultants Hires Global Survey Leader
Lindsay Scott has joined Buck Consultants, a Xerox company, as leader of the global survey team and principal in its knowledge resource center.
Atlanta RIA Allegedly Stole $2M from Investors
The Securities and Exchange Commission (SEC) charged Blake Richards, a registered representative of a broker/dealer, with misappropriating retirement savings from widows or widowers.
Progress, Hurdles Continue for African Americans
Light on retirement savings and burdened with student debt, African Americans continue making financial progress, according to the follow-up to Prudential’s 2011 study.
How to Combat the 401(k) Loan Problem
Many 401(k) retirement plans allow participants to borrow from their accounts, which can lead to defaults and inadequate retirement savings.
FINRA Delivers $7.5M Smack to LPL
On top of the fine from the Financial Industry Regulatory Authority (FINRA), LPL Financial LLC was ordered to establish a $1.5 million fund for customers affected by email...
Morningstar Expands Equity Research
Morningstar, Inc. expanded its equity coverage with the introduction of quantitative ratings and reports for approximately 28,000 companies globally.
Pension Risk Transfer Attractiveness On Even Keel
Even through a waning rate environment, the relative attractiveness of annuitizing pension liabilities stayed stable.
Target-Maturity Funds Up 5% in Q1 2013
Overall, target-maturity funds had a good first quarter in terms of performance and asset inflows, according to Morningstar’s Ibbotson Associates.