Defined contribution plans
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U.K. Pensions Regulator prepares for smaller companies to start auto enrollment
trueThe U.K.’s pensions watchdog expects to be forced to increasingly exercise its statutory powers against employers that fail to comply with automatic enrollment requirements as small businesses prepare to enter the process.
CEO of Voya's DC business resigns
trueMaliz Beams is resigning as CEO of Voya Financial's retirement solutions business to pursue “other opportunities,” said a news release from Voya.
San Francisco Deferred Comp approves replacing PIMCO with Baird
trueSan Francisco Deferred Compensation Plan approved replacing the PIMCO Total Return Fund in light of the resignation of manager William H. Gross.
Judson school district wants 457 plan provider
trueJudson Independent School District, Live Oak, Texas, is searching for a provider for its 457(b) plan, said Michael L. Ashmore, director of purchasing.
North Carolina launches record-keeper search for 2 DC plans
trueNorth Carolina Department of State Treasurer, Raleigh, is searching for a firm to provide record keeping and/or communication services for its 457 and 401(k) plans with more than $8.6 billion in combined assets.
NAPF chairman wants more clarity on U.K. DC savings changes
trueThe U.K. government must communicate with the industry and clarify issues around its pledge to increase freedom and choice in defined contribution plans to help the money management and pensions industry in general to avoid causing "fear and confusion," says the National Association of Pension ...
Geldof makes case at NAPF conference for new areas of pension fund investment
trueThe case for investing in new markets and asset classes is stronger than ever, given "ridiculous" bond yields, said Sir Bob Geldof, musician, business entrepreneur and political activist.
Higher education DC plans turning to consultants, smaller lineups — survey
trueMore higher education retirement plans are using investment consultants while streamlining their investment options lineups, said a news release regarding a survey from Cammack Retirement Group.
Oklahoma State University taps TIAA-CREF as sole provider
trueOklahoma State University System, Stillwater, selected TIAA-CREF as sole provider for its defined contribution plans, said a letter to plan participants from the university system.
Bridge authority trawling for bundled provider
trueBuffalo & Fort Erie Public Bridge Authority, Buffalo, N.Y., is searching for a bundled provider for its $3 million 457 plan.
DC plan provider challenges British field hockey players
trueTwo members of the Great Britain men's field hockey team took on one of their toughest challenges yet: dribbling a hockey ball up and down the three highest peaks in Scotland, England and Wales.
DC plan costs continuing to decline, survey shows
trueDefined contribution plan executives are flexing their muscles in negotiations with record keepers, continuing to cut plan costs, a survey by investment consultant NEPC LLC, Boston, shows.
Challenges from 401(k) fiduciary breaches litigation
trueWith ERISA entering its 41st year, commentators highlighting the landmark legislation's successes and failures have paid little attention to the newfound focus on fiduciary responsibility resulting from an increase in litigation from alleged fiduciary breaches, particularly in 401(k) defined ...
Last call for Eddy Award entries
trueThe deadline for the annual Eddy Awards, sponsored by Pensions & Investments, is only days away. The deadline for the annual Eddy Awards, sponsored by Pensions & Investments, is only days away.
Wyoming Retirement Systems swaps midcap funds in 457 plan
trueWyoming Retirement System is adding Vanguard Group's S&P 400 Mid Cap Value Fund to the investment lineup of its $530 million 457 plan.