Defined contribution plans
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Denmark's PFA Pension names new CEO
trueAllan Polack was appointed CEO of Danish pensions provider PFA Pension.
Dallas Salisbury to step down as EBRI chief
trueDallas Salisbury, the first and only head of the Employee Benefit Research Institute since the organization was launched in 1978, will relinquish that position at the end of 2015 and become EBRI's president emeritus.
Afore Banamex taps 4 firms for Asian equities
trueAfore Banamex hired BlackRock, Pioneer Investments, Nomura Asset Management and Wellington Management to manage between $500 million and $600 million combined in Asian equities.
Callan: Custom target-date funds gaining in DC plans
trueDefined contribution plans are sharply cutting back on target-date funds offered by record keepers and also expanding use of custom target-date funds, according to a survey by Callan Associates issued Thursday.
Aon Hewitt: DC plans sharpening tools for retirement planning
trueDefined contribution plans are expanding efforts to provide financial advice and retirement planning tools, said a survey from Aon Hewitt published Wednesday.
Broward County School Board seeks DC provider
trueBroward County School Board, Sunrise, Fla., is searching for a firm to provide retirement plan administration and investment management services for its 401(a) FICA Alternative and Special Pay Plan.
Aon Hewitt selected to create pan-European DC plan for researchers
trueThe European Commission, Brussels, hired Aon Hewitt to set up the Retirement Savings Vehicle for European Research Institutions.
Standard Life DC plans hire Barnett Waddingham as investment consultant
trueStanplan A DC master trust and the Standard Life DC Master Trust, both in Edinburgh, hired Barnett Waddingham to provide investment consulting to the trustees.
NFL passes management, consultant services of 3 DC plans to PFM Asset Management
trueNational Football League owners and players hired PFM Asset Management to manage and advise several defined contribution retirement plans.
Treasury's Iwry says department looking into guaranteed withdrawal products for DC
trueNew Treasury Department rules on using deferred annuities within target-date funds as part of a defined contribution plan shouldn’t be viewed as excluding the department’s consideration of other lifetime income options in those plans, said J. Mark Iwry, deputy assistant secretary for retirement and ...
Manchester Airports Group DC plan taps Buck Consultants as administrator
trueManchester Airports Group Defined Contribution Pension Scheme, Manchester, England, hired Buck Consultants to provide administration and technology services to participants.
Auto re-enrollment adoption gains slowly
trueIn the worlds of behavioral economics and defined contribution, automatic re-enrollment isn't a nudge — it's a shove.
Alaska retirement division rehires Empower as record keeper for 4 DC plans
trueAlaska Department of Administration, Division of Retirement and Benefits, Juneau, rehired Great-West Retirement Services, now known as Empower Retirement, as record keeper for its four defined contribution plans.
American Academy of Actuaries gives shared-risk model top retirement system grade
trueRetirement systems and ideas for reforming them have a new grading system from the American Academy of Actuaries.
National Public Pension Coalition names new executive director
trueBailey Childers was named executive director of the National Public Pension Coalition.