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  1. DC participants lack retirement readiness, despite plan improvements — report

    trueMany U.S. employers believe their employees lack retirement readiness, a new report from Towers Watson shows. Of the 457 DC plan executives surveyed, 78% said retirement readiness is an important issue for their employees. However, only 12% believe their employees know how much they need to save.

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  1. PBS show looks at some sticky choices

    trueChoosing a mutual fund in a 401(k) plan is a lot like buying jam at the grocery store, according to a documentary on PBS, “Thinking Money: The Psychology Behind Our Best and Worst Financial Decisions.”

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  2. Treasury's Iwry urges more use of behavioral research in DC plans

    trueDefined contribution plan executives should pursue a “more robust” use of consumer finance behavior research lessons to help participants raise their retirement savings rates, the Treasury Department’s J. Mark Iwry said Tuesday.

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  3. Challenge of income adequacy perplexes execs

    truePension plan designers around the world are tackling the challenge of retirement income adequacy with varying degrees of success, said speakers at Pensions & Investments' inaugural Investment Innovation and the Global Future of Retirement conference in New York.

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  4. Montana University System seeks record keeper for DC plans

    trueMontana University System is seeking a record keeper for its $482 million 401(a) and $164 million 403(b) defined contribution plans.

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  5. DC default investment funds pulling back from emerging markets — Schroders

    trueDefined contribution default investment options have pulled back from emerging markets, with 48% of DC plans of FTSE 350 companies invested in the asset class compared with 55% a year ago, according to Schroders' FTSE DC report released Thursday.

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  6. U.K. to cap fees on auto-enrollment default funds at 0.75%

    trueU.K. Pensions Minister Steve Webb said the fees that defined contribution plan providers will be allowed to charge on the default fund in new auto-enrollment plans will be capped at 0.75%.

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  7. U.K. mulls 0.75% cap on retirement fund charges

    trueThe U.K. Treasury will examine the case for capping the fees that retirement funds are allowed to charge participants in an effort to prevent exploitation of a new auto-enrollment system.

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  8. Senate proposal would add auto escalation in Thrift Savings Plan

    trueNewly hired federal employees participating in the $313 billion Thrift Savings Plan would have automatic escalation of their contributions under legislation introduced in the Senate.

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  9. Needed: An objective-based approach to DC investing

    trueDespite years of industry effort at investment education and retirement plan menu design, defined contribution plan participants remain undersubscribed and disengaged.

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  10. A little help here: Advice aids DC participants’ returns

     

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  11. More 401(k) participants start, add to contributions

     

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  12. Mercer study reveals auto-enrollment issues

     

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  13. BlueSky picks AllianceBernstein as target-date fund manager

     

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