Defined contribution plans
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EIOPA launches stress tests for European retirement plans
trueThe European Insurance and Occupational Pensions Authority launched its first stress test for defined benefit and defined contribution retirement plans in Europe.
Gannett goes with Vanguard as new 401(k) record keeper
trueGannett Co., McLean, Va., hired Vanguard Group as record keeper of its 401(k) plan.
T. Rowe Price Retirement Plan Services hires marketing head
trueDiana Awed was named head of retirement product and marketing at T. Rowe Price Retirement Plan Services.
Illinois pension reform law unconstitutional, state Supreme Court rules
trueThe Illinois Supreme Court unanimously ruled Friday the Illinois pension reform law passed in 2013 is unconstitutional, affirming the decision reached in a Sangamon County Circuit Court in November.
U.K. pensions minister's defeat disappoints execs
trueExecutives in the U.K. retirement industry expressed disappointment to the news that Pensions Minister Steve Webb lost his seat in the House of Commons in Thursday's general election.
Conservative Party's election victory boosts U.K. markets
trueThe U.K. equities market received a boost Friday from an unanticipated outcome in the general election, with the Conservative Party set to form an outright majority government.
DC plans with company stock slow to adopt changes following high court ruling
trueEleven percent of employers offering company stock in their defined contribution plans have hired independent fiduciaries to monitor the investment option since a Supreme Court ruling in June on stock-drop lawsuits, a report by Towers Watson said Tuesday.
Brightscope: Proprietary target-date funds continue to lose share
trueProprietary target-date fund assets have lost their majority status among total target-date fund assets, said research published Tuesday by BrightScope, a firm that evaluates 401(k) plans.
PIMCO Total Return loses world's largest bond mutual fund title
trueTwo years of client withdrawals at Pacific Investment Management Co.'s flagship have cost it the title of the world's largest bond mutual fund.
Borzi: Updated Form 5500, fiduciary hearings on DOL summer calendar
trueThe Department of Labor is planning a busy summer, Assistant Secretary Phyllis Borzi told attendees at the International Foundation of Employee Benefit Plans’ Washington legislative conference Monday, with an agenda that includes the new proposed fiduciary rule, an updated Form 5500 and ways to ...
Gentle persuasion necessary on retirement goals
trueThe latest Retirement Confidence Survey conducted by the Employee Benefit Research Institute and Matthew Greenwald & Associates shows employees' confidence in their ability to afford to retire increased last year. That confidence could be misplaced; less than half have tried to figure out how much ...
Knowing the difference between 2 facets of the fiduciary standard
truePresident Barack Obama's remarks on Feb. 23 about the Department of Labor's re-proposed fiduciary standard are an excellent illustration of the two faces of a fiduciary standard. On the one hand, Mr. Obama singled out great advisers who are doing the right thing for their clients. He then changed ...
Concerned? Please speak up
trueThe Department of Labor has taken a welcome step in protecting the retirement assets of workers with its proposed new fiduciary rule.
Active or passive target-date funds, study finds returns similar, net of fees
trueActively managed and passively managed target-date funds produce similar investment returns over longer time frames, new research shows.
House committee advances military pension reforms
trueThe House Armed Services Committee on Thursday passed a defense spending bill that includes reforms to the military retirement system that encourage defined contribution savings.