Asset owners

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  1. MassMutual announces series of retirement services division changes

    trueThe retirement services and worksite insurance division of Massachusetts Mutual Life Insurance Co. has made a series of promotions and changes among senior managers.

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  1. J.P. Morgan adds U.K. defined contribution sales exec

    trueAndy Seed will join J.P. Morgan Asset Management's defined contribution team as part of its continued expansion of its U.K. business.

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  2. Pension funds ride stock market roller coaster

    trueGains in the U.S. stock market since February have allowed three pension fund executives to take advantage of the returns in a long-running bull market, although recent declines in the technology sector and concerns over early first-quarter earnings reports suggest the market could continue to lose ...

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  3. Questions remain after decision in float income case

    trueA recent federal appeals court decision favoring Fidelity Investments, Boston, has produced more uncertainty than finality about the use of float income in record keepers' administration of defined contribution plans.

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  4. Britain's budget benefits money managers

    trueChanges to the way U.K. defined contribution plan participants access their retirement savings has given money managers a clean slate on which to design investment funds and strategies for retirement.

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  5. U.S. firms shine in GPIF revamp of equity roster

    trueU.S.-affiliated money managers and firms that handle transition management appear to be the big winners in the recent wholesale restructuring of the Tokyo-based Government Pension Investment Fund's 4.7 trillion yen ($45 billion) allocation to actively managed domestic equities.

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  6. Consultants support bigger push into alts, PIMCO survey shows

    trueDefined contribution plan consultants are supporting further diversification into alternatives such as real assets to protect against inflation as well as reduce volatility.

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  7. DC holdings of domestic equity mutual funds highest since 2007

     

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  8. Illinois Senate passes retirement savings act for private-sector employees

    trueThe Illinois Senate has passed the Illinois Secure Choice Savings Program Act, which creates an auto-enrolled payroll-deducted retirement savings account for private-sector employees in the state whose employers do not offer a retirement plan.

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  9. Vanguard discontinues defined benefit administration services

    trueVanguard Group announced on Tuesday it will no longer offer administration services for defined benefit plans in order to expand services to defined contribution plan clients.

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  10. NYC comptroller targets 20 large companies on supplier-diversity program disclosures

    trueApple Inc., Pfizer Inc. and Qualcomm Inc. are among 20 companies targeted by the New York City Retirement Systems, calling for disclosure of their supplier-diversity programs on purchasing goods and services from businesses owned by minorities, women, veterans and disabled individuals, as well as ...

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  11. Singapore's Temasek launches private equity co-investment fund

    trueTemasek, Singapore's sovereign wealth fund, Wednesday announced the launch of a co-investment vehicle to provide opportunities for like-minded institutional investors and, eventually, Singapore retail investors as well, to benefit from Temasek's private equity investment activities.

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  12. Northern Trust: DC participants dump fixed income in favor of target-date funds, U.S. equity

    trueDefined contribution plan participants continued to invest in target-date funds while reducing their holdings in fixed income and increasing allocations to U.S. small-cap and midcap equities in 2013, according to a report from Northern Trust.

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  13. SSgA names DC strategist for London office

    trueAlistair Byrne was appointed as senior defined contribution strategist in State Street Global Advisors' London office.

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