Defined contribution plans
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NAPF, Pensions Management Institute ends talks on potential merger
trueThe U.K.’s National Association of Pension Funds and the Pensions Management Institute have closed discussions over the potential merger of their organizations.
2 multiple employer plan bills introduced
trueMultiple employer plans could be a more viable option for smaller employers and service providers under bipartisan legislation introduced Thursday in the House and Senate.
Military pension reform panel calls for DC plan option; mandatory for new entrants
trueThe Department of Defense could save billions of dollars and improve military recruitment and retention by adding a defined contribution retirement plan, an advisory group said Thursday.
California Secure Choice scouting for help with feasibility study, plan design
trueCalifornia Secure Choice Retirement Savings Investment Board is searching for a firm to conduct a market analysis and feasibility study and serve as a program design consultant.
Huntington Ingalls goes with MetWest, drops PIMCO Total Return Fund
trueHuntington Ingalls Industries Inc. is adding the Metropolitan West Total Return Bond Fund as an investment option in one of its 401(k) plans.
North Dakota PERS puts PIMCO and Wells Fargo funds on watch
trueNorth Dakota Public Employees Retirement System, Bismarck, put the PIMCO Total Return Fund and Wells Fargo Advantage Growth Fund on watch.
Group of 16 U.K. pension funds publish responsible investment guide
trueA group of 16 U.K. pension funds, representing more than £200 billion ($300.9 billion) of assets, has thrown its weight behind a new guide to responsible investment.
Study: Retirement crisis real and getting worse
trueMore than half of all American households do not have enough put away for retirement, and the problem is getting worse, said new research from the Center for American Progress.
Salisbury retiring as head of EBRI
trueIt is hard to imagine the Employee Benefit Research Institute without Dallas Salisbury.
NYC Teachers chooses director of investment administration
trueSusan Stang was promoted to director of investment administration for the New York City Teachers' Retirement System.
Obama leaves retirement issues out of speech, but proposals loom for budget address
trueWhile President Barack Obama spoke in only broad strokes in his State of the Union speech Tuesday about his vision for helping the middle class save more for retirement at work, and for rebalancing a tax code that he said favors the wealthy, industry sources questioned the necessity of some ...
Tennants Consolidated selects Buck as consultant for DB, DC plans
trueTennants Consolidated Ltd. Pension Fund, London, hired Buck Consultants to provide general retirement plan consulting, actuarial, administration and secretarial services for its defined benefit and defined contribution plans.
Washington chooses Empower as record keeper for 4 state DC plans
trueWashington State Department of Retirement Systems hired Empower Retirement as record keeper for the department’s deferred compensation program and for three defined contribution plans whose investments are overseen by the $103.6 billion Washington State Investment Board, Olympia, said Marcie Frost, ...
Washington County Public Schools taps 4 record keepers for DC plans
trueWashington County Public Schools, Hagerstown, Md., hired AXA Equitable, MetLife, PlanMember Services and Voya Retirement Services as record keepers of its $22 million 403(b) plan and rehired MetLife as record keeper of its $3 million 457 plan.
CFA Institute names new president, CEO
truePaul H. Smith was named president and CEO of the CFA Institute, effective Tuesday.