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Senators call on Treasury to help smaller employers offer retirement plans
trueThe Treasury Department could promote more retirement programs among small employers by making it easier for them to join multiple-employer plans, several members of the Senate Finance Committee said in a letter to Secretary Jacob Lew.
Alaska Permanent Fund posts -1.2% return for quarter
trueAlaska Permanent Fund Corp. returned -1.2% for the quarter ended Sept. 30, slightly above its benchmark return of -1.6%.
Australian superannuation assets rise 9.6%
trueAustralian superannuation assets were up 9.6% for the year ended Sept. 30, according to the Australian Prudential Regulation Authority's quarterly performance report, released Thursday.
U.K.'s Pension Regulator chooses CEO
trueLesley Titcomb was appointed CEO of the U.K.'s The Pensions Regulator.
U.S. real estate still attractive to foreign institutional investors
trueForeign capital is flooding into U.S. real estate despite lower return expectations.
Defense Department urged to shift to hybrid retirement plan
trueThe Department of Defense could save billions of dollars and expand benefits coverage if it adopted a hybrid retirement plan, according to a Rand Corp. study.
Creating a culture of retirement savers
trueIt is clear that our country's savings culture — and the systems that support it — need a significant reboot.
Innovator Awards: Recognizing trailblazing DC plan initiatives
trueFor the third year, P&I/DCIIA award lauds defined contribution plan executives for thinking outside the box.
Judges scrutinized 50 nominations to find winners
trueApproximately 50 defined contribution plan executives were nominated for the third annual Innovator Awards, sponsored by Pensions & Investments and the Defined Contribution Institutional Investment Association.
Book pushes changes to forestall retirement crisis
trueThe U.S. retirement system needs an upgrade, says a new book recommending changes in defined contribution plans, tax policy, legislation, and Social Security.
GOP Congress might revisit tax incentives for retirement plans
trueAs Republicans prepare to take control of the 114th Congress in 2015, their agenda could change the tax incentives for retirement plan sponsors and participants. Money managers could also see changes if the new Congress revisits much-criticized financial regulation.
NYC Deferred's Gestely borrowed an idea to get more women into their plan
trueFaced with evidence that few women participate in the New York City Deferred Compensation Plan, Georgette Gestely, the plan's top executive and Innovator Award winner, borrowed a page from book clubs to encourage greater interest and contributions.
Taiwan's BLF eyeing diversification moves
trueTaiwan's Bureau of Labor Funds, launched in February to consolidate oversight of six public funds with combined assets of US$84 billion, is looking to alternatives strategies as key drivers in the bureau's efforts to diversify its investment portfolio.
P&I spotlights 5 who went extra mile for participants
true2014's five Innovator Award winners all sought to engage specific groups of participants who haven't taken full advantage of retirement savings programs or who have been underserved by their defined contribution plan.
Risks of clouding priorities
trueAsset owners, institutional investment management firms and the markets are not immune from crises of confidence.