Corporate DC plans
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Rabobank pension fund names new general director
trueBernard Walschots was appointed general director of the Stichting Rabobank Pensioenfonds, Utrecht, Netherlands.
AP3 returns 6.4% in first 6 months of year, boosting assets to record
trueAP3, Stockholm, reported its assets increased 5.6% to an all-time high of 304.4 billion Swedish kronor ($36.6 billion) over the six months ended June 30.
AIG to freeze U.S. pension funds, enhance DC offerings
trueAmerican International Group Inc., New York, plans to freeze its U.S. pension funds, effective Jan. 1, and focus on enhancing its defined contribution plans with additional contributions.
DOL preps state retirement program rules for private-sector employees
trueProposed rules for states to set up auto-enrollment IRA savings programs for private-sector employees were submitted for interagency review by the Department of Labor on Wednesday.
Naples, Fla., taps first consultant for 4 DC plans
trueNaples, Fla., hired Montgomery Retirement Plan Advisors as the first investment consultant for its four defined contribution plans.
Organizations call for U.K. social investment funds in DC plans
trueDefined contribution participants should be able to finance social impact projects in the U.K. through the introduction of social investment funds as options in their plans, said a new report.
Corporate pension funding slides in August despite declining liabilities — 2 reports
trueDeclining asset values pushed U.S. corporate pension funding levels down in August, said reports from BNY Mellon and Wilshire Consulting.
Moody's: Older IRS mortality tables could save sponsors $18 billion next year
trueThe IRS' decision to stick with 15-year-old mortality assumptions will save corporate defined benefit plan sponsors at least $18 billion in contributions in 2016 and be a credit positive for them, said a report from Moody's Investors Service.
Walt Disney Co. appoints treasurer with oversight of pension plans
trueJonathan S. Headley was named senior vice president and treasurer at The Walt Disney Co.
Greenwich Associates sees continued diversification by institutional investors in Asia
trueInstitutional investors in Asia ex-Japan have made dramatic progress in diversifying their portfolios since the global financial crisis, a trend that should continue to benefit managers of global equities and alternative strategies, a Greenwich Associates survey showed.
Mercer: Equity market turmoil pushes corporate pension funding levels down in August
trueThe estimated aggregate funding ratio of pension plans sponsored by S&P 1500 companies fell two percentage points to 81% in August, said a report released Tuesday by Mercer.
NEST searching for emerging markets debt manager
trueNational Employment Savings Trust is looking for an actively managed emerging markets debt fund to add to its existing set of strategies within its default and other fund options.
Delaware looking for record keepers for 3 state DC plans
trueDelaware is looking for one or more record keepers for its three defined contribution plans — a 457(b) deferred compensation plan, a 401(a) match plan and a 403(b) plan.
Tesco to freeze pension fund, offer new, enhanced DC plan
trueTesco PLC will offer a new defined contribution plan beginning in November, once the supermarket freezes its £8.4 billion ($13.2 billion) pension fund.
U.K. corporate pension fund deficits fall 4.2% in August
trueThe total deficit of U.K. corporate pension funds decreased 4.2% to £248 billion ($389 billion) in August.