Results for "defined contribution plans"
Displaying 542 results
AllianceBernstein loses DC veteran to Russell
March 11, 2011
Today marks defined-contribution veteran Richard Davies' last day at AllianceBernstein LP; he will be joining Russell Investments June 1. Mr. Davies was senior managing director of defined-contribution and subadvisory relationships at AllianceBernstein....
DOL, industry spar over fund lineups
March 1, 2011
The Labor Department and representatives from service providers and pension advocacy groups today sparred over whether presenting a retirement plan with a fund lineup constitutes investment advice. “The plan sponsor looks to us to look across...
Shift in public pensions seen benefiting advisers
January 2, 2011
As financially troubled states and cities grapple with their pension obligations, many institutional money managers anticipate a big public-sector switch from defined-benefit to defined-contribution plans — a change that could provide opportunities...
Think tank urges cutting contributions to tax-deferred plans
December 5, 2010
A proposal to cut by more than half the total amount employers and employees may contribute to their defined-contribution plans could spur some employers to kill the plans, industry lobbyists say. The proposal by the Bipartisan Policy Center,...
Pension industry to fight for retirement plan tax breaks: IN's Schoeff
October 25, 2010
In a campaign season dominated by antipathy toward Washington, it was unusual to hear a ringing endorsement of Capitol Hill lobbying recently at the American Society of Pension Professionals and Actuaries annual conference. The third day of...
Putnam hooks former Hancock, Fidelity execs to boost DC biz
October 19, 2010
Putnam Investments has tapped former executives from John Hancock Financial Services Inc. and Fidelity Investments to help it expand its defined contribution business. Putnam has hired Jim Brockelman, a former executive vice president of national...
DC assets under management bounced back a bit in 2009
October 10, 2010
Defined-contribution managers bounced back a bit by year-end 2009 from the morose markets of 2008 as assets under management rose 19.7%. However, last year's AUM total was still 12% below that of what investors and managers consider the good-old...
Older workers more confident about retirement stash
September 12, 2010
Older workers are feeling more confident about their ability to retire comfortably, but younger workers, particularly those with defined-contribution plans, are growing increasingly worried. A survey by consultant Towers Watson & Co., released...
More retirement plans offering self-directed brokerage accounts
August 15, 2010
Defined-contribution plans are adding self-directed brokerage accounts as a way of giving participants more choices even as some plans reduce the number of core investment options. Among those making the move are Sprint Nextel Corp., which began...
Employers slow to restore 401(k) matching contributions
August 8, 2010
Economists heralded FedEx Corp.'s decision to restore its matching contribution to employees' 401(k) plans as a sign that the recession is ending, but surveys show that less than half of the firms that reduced or suspended plan matches in recent...
Money funds may prove a tough sell for clients of SSgA stable-value funds
June 20, 2010
State Street Global Advisors' decision to urge its defined-contribution clients to use money market instruments as their “safe” option now that the firm has closed its stable-value business could be a hard sell with prevailing money market...
Obama's 401(k) rule up in the air after House measure
June 6, 2010
Advisers and broker-dealers who have been racing to prepare for 401(k) fee disclosure rules from the Labor Department are now scratching their heads as to when, or if, such rules will take effect. At issue is a retirement plan fee disclosure...
Survey says most retirement plan participants want advice
April 14, 2010
The number of retirement plan participants who want help with their investments jumped to 58% last year, from 26% in 2008, according to a survey released this week by Spectrem Group. That marks the greatest one-year increase since the consultancy...
Some 401(k) plans are ahead of the curve on transparency of fees
April 11, 2010
As the defined-contribution industry braces for new fee disclosure regulations, some corporate 401(k) plans — including Nestlé USA Inc. and United Parcel Service Inc. — are light-years ahead of the pack in providing participants with fee...
BlackRock's Kristi Mitchem to join State Street: Sources
March 17, 2010
Kristi Mitchem has been tapped to head the defined-contribution business at State Street Global Advisors, according to people familiar with the decision. Last week, InvestmentNews' sister publication Pensions & Investments reported that Ms....
Labor Dept.'s 401(k) proposal could rock pension advice business
February 26, 2010
The Labor Department today released proposed regulations that prohibit financial advisers giving advice to 401(k) plans, or their employer or the employer's affiliates, from receiving extra compensation because the plan sponsors bought a product...
Underserved market for advisers? Women
February 23, 2010
Advisers have a real opportunity to serve the needs of clients who are saving for retirement — especially women. A new survey of defined-contribution-plan participants conducted by Massachusetts Mutual Life Insurance Co. revealed that women...
Bank of America unveils special designation for 401(k) advisers
February 9, 2010
Bank of America Merrill Lynch is establishing an elite new designation for financial advisers who want to work with large 401(k) plan clients. The new designation is part of the bank’s push to become a bigger player in the retirement space....
Government requests information on using annuities in 401(k)s
February 7, 2010
The Labor and Treasury department have put out a request for information on the use of annuities in defined-contribution plans. Both agencies are reviewing the Employment Retirement Income Security Act of 1974, as well as the plan qualification...
Retirement plan groups lobby Congress to allow Roth 401(k) conversions
January 24, 2010
Worried about losing some of the $3 trillion in assets they oversee, defined-contribution-plan administrators have forged a coalition with plan sponsors and retirees to lobby Congress to allow Roth conversions for 401(k) plan participants. The...
