Defined contribution plans

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  1. Denmark's PFA Pension names new CEO

    trueAllan Polack was appointed CEO of Danish pensions provider PFA Pension.

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  2. 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.

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  3. 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.

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  4. 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.

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  5. 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.

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  6. 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.

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  7. 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.

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  8. 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.

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  9. 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 ...

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  10. 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.

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  11. 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.

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  12. 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.

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  13. 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.

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  14. National Public Pension Coalition names new executive director

    trueBailey Childers was named executive director of the National Public Pension Coalition.

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