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Society of Actuaries: Updated mortality data could reduce pension liabilities
trueNew mortality data released by the Society of Actuaries Thursday show smaller improvements in longevity than previously reported last year that could slightly reduce liabilities for pension plan sponsors.
Wyoming State Loan and Investment Board chooses new CIO
truePatrick D. Fleming was named chief investment officer of the Wyoming State Loan and Investment Board, Cheyenne, said a news release from Mark Gordon, Wyoming state treasurer and member of the board.
BlackRock hires national sales manager for DC group
trueSean Murray was named national sales manager for BlackRock’s U.S. and Canada defined contribution group, said Farrell Denby, spokesman.
Former SEC chairmen call for agency to adopt fiduciary rule
trueThree former Securities and Exchange Commission chairmen called Tuesday for the agency to develop a fiduciary rule.
Principal taps former World Bank treasurer for sovereign wealth funds
trueMadelyn Antoncic was named executive director of institutional investment solutions at Principal Global Investors.
NZ Super's CEO becomes chairman of sovereign wealth funds forum
trueAdrian Orr, CEO of the NZ$29.5 billion ($19 billion) New Zealand Superannuation Fund, was named chairman of the International Forum of Sovereign Wealth Funds, a spokeswoman for the Auckland-based fund confirmed Monday.
Defined contribution plans continue finding ways to cut their fees
trueThe most dramatic change for defined contribution plans' record keeping contracts last year was a sharp rise in fixed-dollar contracts, according to a new survey by investment consultant NEPC LLC, Boston.
Only a few days remain to enter P&I's Eddy Awards
trueThe deadline for the 2016 Eddy Awards, sponsored by Pensions & Investments, is days away.
Vanguard moves past Fidelity in ranking of manager of DC mutual fund assets
trueVanguard overtook Fidelity to become the largest manager of defined contribution mutual fund assets, according to Pensions & Investments' latest survey.
Mutual funds most used by DC plans 2015
trueTarget-date tide, surge in indexing, drives growth.
IRS urged to keep determination letters
trueGroups representing large sponsors of retirement plans called on the IRS on Thursday to reverse its decision to stop issuing determination letters, which plans rely on to affirm qualified tax status.
House passes defense bill with retirement reforms
trueThe House of Representatives on Thursday passed a fiscal year 2016 defense spending bill that includes some reforms to the military retirement system.
Capital Group hires consultant from Towers Watson as DC specialist
trueSue Walton, a Chicago-based defined contribution consultant for Towers Watson, was named a senior defined contribution specialist at Capital Group.
Singapore's Temasek taps president as CEO of management arm
trueLee Theng Kiat, president of Singapore sovereign wealth fund Temasek Holdings Pte. Ltd., was appointed CEO of Temasek International, the wholly owned management arm of Temasek.
VW might be dropped by Swedish state pension funds
trueSweden's national pension funds might drop Volkswagen as an investment option as the emissions scandal that has engulfed Europe's biggest carmaker wipes out returns.