Corporate DC plans
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Search and hire activity slows in third quarter
trueIn hiring activity, $30.6 billion was at stake in the third quarter, down 45.9% from the previous quarter and down 31.4% from the third quarter of 2014. Wellington Management was propelled to the top of the ranking with a $1.2 billion emerging markets debt allocation from the South Carolina Public ...
Redington recruits head of DC business
trueLydia Fearn was appointed head of defined contribution and financial well-being at Redington, said a spokesman for the consultant.
Punter Southall to acquire Ashcourt Rowan business, double DC advisory clients
truePunter Southall Group will nearly double its defined contribution business with the acquisition of Ashcourt Rowan Corporate Solutions.
U.K. bulk annuity market set to reach £10 billion this year — Aon Hewitt
trueA set of transactions expected to close before Christmas mean the U.K. bulk annuity market is on track to hit £10 billion ($15.2 billion) in 2015, said Aon Hewitt.
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.
Tesco pension fund deficit increases 7.7% in 6 months
trueThe pension fund deficit at Tesco PLC, Cheshunt, England, increased 7.7% to £4.2 billion ($6.5 billion) over the six months ended Aug. 29, said a financial update from the company.
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.
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.
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.
Experts watching high court session
truePension plan executives and other investors are watching several Supreme Court cases in the term starting Oct. 5, especially ones that could change the rules for bringing legal actions against corporations, and challenges to when and where retirement plan participants can sue.
Mutual funds most used by DC plans 2015
trueTarget-date tide, surge in indexing, drives growth.
J.C. Penney buying group annuity contract from Prudential
trueJ.C. Penney Co., Plano, Texas, announced Friday it is purchasing a group annuity contract from Prudential Insurance Co. of America to transfer some pension fund liabilities.