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  1. BESTrustees expands with 2 new roles

    trueAnnie Healy was named head of business development and Alison Munro, head of operations, at BESTrustees, Ms. Healy said.

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  1. Libyan Investment Authority looking to allocate $11 billion

    trueLibyan Investment Authority, Tripoli, plans to hire external managers to run $11 billion of its assets under a restructuring plan, said Abdulmagid Breish, chairman of Libya's $66 billion sovereign wealth fund.

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  2. How much does it take to match Fidelity?

    trueAfter Great-West merged with Putnam's defined contribution record keeping business, it vaulted in the rankings by acquiring J.P. Morgan's large-plan DC business. See what other acquisitions could help CEO Robert Reynolds to surpass Fidelity.

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  3. 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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  4. Real estate searches led Q1 2014 activity

    trueSearch activity for the first quarter of 2014 increased more than 40% from the prior quarter and first quarter of 2013. The number of equity searches jumped to 37 from 15 in the prior quarter; the number of fixed-income searches also increased significantly. More than $3 billion of non-U.S. ...

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  5. 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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  6. 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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  7. 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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  8. 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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  9. 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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  10. 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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  11. DC holdings of domestic equity mutual funds highest since 2007

     

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  12. 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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  13. 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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