Defined contribution plans
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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.
Canada officially launches pooled DC plans for employees in private sector, territories
truePooled registered pension plans now can be offered to Canadian businesses and employees working in federally regulated industries as well as residents of Canadian territories.
U.K. Pensions Regulator hires investment consultant
trueFred Berry joined The Pensions Regulator as lead investment consultant, said a spokeswoman for the U.K.'s pensions watchdog.
Charles Schwab drops PIMCO Total Return Fund from target-date lineup
trueCharles Schwab has removed the PIMCO Total Return Fund as an underlying investment in its 10 target-date funds
Supreme Court agrees to hear case on fiduciary breach time limits
trueThe Supreme Court agreed Thursday to decide whether 401(k) plan fiduciaries can be sued for more expensive investment choices made years earlier.
EFAMA: Investment fund assets rise 5.2% to €25.7 trillion in Q2
trueGlobal investment fund assets rose 5.2% to €25.7 trillion ($35 trillion on June 30) for the second quarter, said the European Fund and Asset Management Association.