Defined contribution plans
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Despite confusion, responsible investing a draw for DC plan participants, survey finds
trueResponsible investing can have a powerful draw for 401(k) and other defined contribution participants, helping to increase participation and contributions, according to results of a wide-ranging new survey by Calvert Investments
Shift to DC not affecting retirement asset accumulation — research
truePeople do not have fewer retirement assets as the retirement-account trend moves to defined contribution plans from defined benefit plans, according to research by the Center for Retirement Research at Boston College.
Moody's: European managers angling to benefit from shift to DC
trueEuropean money managers are taking advantage of the overall shift to defined contribution plans from defined benefit plans and have greater opportunities in acting as alternative lenders, a report from Moody’s Investors Service said.
It's time for plan sponsors to catch up to a changed fixed-income landscape
trueInvestors have been waiting for rates to go up since 2008. Some have watched rates so intently they have neglected other potential headwinds for the fixed-income market.
Volkswagen's stock drops 29.4% in 2 days following emissions controversy
trueVolkswagen AG saw its stock price drop 16.5% on Monday and a further 15.4% on Tuesday following admissions it cheated on emissions tests, creating large losses for several institutional investors directly holding the company's stock.
Illinois issues call for consultant for private-sector retirement plan
trueIllinois state treasurer's office, Springfield, is searching for an investment consultant for the Illinois Secure Choice Savings Program, said spokesman Greg Rivara.
Retirement gets horror treatment on 'Late Show'
trueStephen King can make anything scary, even retirement savings.
Vanguard sustains growth streak, up 151% since '10
trueThe Malvern, Pa.-based money manager's worldwide institutional assets under management have surged 151% in five years, to $2.1 trillion as of June 30, according to Pensions & Investments' research.
Corporate retirement assets flat, public plans drop in Q2, data show
trueCorporate defined benefit plan assets increased by $10.5 billion in the second quarter of 2015, to reach $3.12 trillion, a 0.33% increase, according to the latest Federal Reserve report released Friday. Corporate defined contribution plans increased by $28.1 billion, to reach $5.46 trillion, a ...
Legal & General Investment Management adds DC products chief
trueKatharine Photiou joined Legal & General Investment Management as head of workplace defined contribution-product and proposition, a spokeswoman said.
Milwaukee deferred compensation board seeks record keeper
trueMilwaukee City 457 Deferred Compensation Board is searching for a record keeper, said Margaret C. Daun, executive director.
Pennsylvania governor proposes new retirement system compromise
truePennsylvania Gov. Tom Wolf has proposed a new pension system for future state and public school employees as a means to end the state’s current budget impasse.
Government workers overwhelmingly pleased with retirement plans
trueA Gallup poll released last week highlights the dispersion among government and non-government workers in terms of satisfaction with their employers' retirement plans.
Texas Guaranteed Student Loan Corp. looking for consultant for new 401(k) plan
trueTexas Guaranteed Student Loan Corp. is searching for an investment consultant for a new 401(k) plan.
Maryland establishes commission to study expanding private-sector retirement savings
trueMaryland is launching a commission to consider ways to expand workplace access to private-sector retirement savings, political leaders in Annapolis announced Tuesday.