FASB Announces Changes to DB Plan Disclosure Requirements
Some disclosure requirements are removed from Subtopic 715-20, Compensation—Retirement Benefits—Defined Benefit Plans—General, and some requirements are added.
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U.S. Retirement System Still Ranks Low, But Slightly Improved
This year’s Melbourne Mercer Global Pension Index suggests reducing pre-retirement leakage; requiring that part of the retirement benefit must be taken as an income stream; and increasing the...
U.S. Demand Grows for ‘Safe ESG’ via Fixed-Income Vehicles
There is still not very much discussion in the U.S. about fixed-income investments pursuing ESG themes, according to BlueBay Asset Management’s My-Linh Ngo, but there are some compelling...
DOL Seeks to Expand Access to ‘Association Retirement Plans’
These plans allow small businesses within a business group or association to join together to offer defined contribution retirement savings benefits.
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More Providers Offering Resources for National Retirement Security Week
Mutual of America and TIAA have announced resources for plan sponsors to educate employees.
Dignity Health ‘Church Plan’ Litigation Defeats Dismissal Motions
The case already made it once to the Supreme Court which helped to clarify what it means to be a “church plan” run by a principal-purpose organization under...
Retirement Industry People Moves
The Hilb Group Acquires Actuarial Consulting Firm; Mercer Hires Past Actuarial Associate as Principal; ESOP Consultant Joins Ascensus TPA Solutions; and more.
Millennial Educators Especially Want Retirement Savings Investing Help
While a majority cite credit card and student loan debt as obstacles to reaching financial goals, Millennial educators are paying attention to retirement savings.
DOL Not Giving Up on Fiduciary Rule
Both the DOL and SEC have a September 2019 date for a final action on corresponding fiduciary and best interest rules—could they be collaborating?
OPERS Reduces Return Assumptions
OPERS said the move is expected to lower its funding level, but increase the time in which it can pay off liabilities.
SEC Commissioner Calls for Simpler Ways to Compare Investments
Commissioner Stein also encouraged the SEC to implement “mandatory periodic disclosures about the value of investors’ 401(k) accounts to show how much income will likely be generated in...
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Merrill Lynch Increases Personalization of Education Offerings
Its Education Center now covers seven life priorities; it has bundled its educational resources by topics; and when participants meet with financial wellness specialists, they are given a...
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Investment Product and Service Launches
PGIM Rolls Out First of Set of ETF Expansion; Invesco Acquires MassMutual Asset Management Affiliate; and Horace Mann and SWBC to Offer Investment Solutions for Educators.
DOL’s Open MEP Proposal Advances Through OMB
If the DOL’s proposal closely follows President Trump’s executive orders, it is likely to revise the “common nexus” and “one bad apple” rules that have held back open...
PBGC Asks That More Information Be Added to Reportable Events Filings
The PBGC is proposing in a renewal request that all reportable events filings include controlled group information, company financial statements, and the plan’s actuarial valuation report.
Stable Value Funds Expected to Prevail Despite Short-Term Interest Rates
While money market funds may look more appealing in the short run, this is not expected to last.
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Wolters Kluwer Streamlines Distribution Process with Tracking Software
Along with other features, the software can automate tasks usually performed manually.
IRS Identifies Retirement Plan Compliance Strategies for 2019
The agency will give greater scrutiny to retirement plan distributions and 403(b) universal availability rules, among other things.
Appellate Court Revives Putnam Self-Dealing Suit
The 1st U.S. Circuit Court of Appeals found “several errors of law in the district court’s rulings.”
Findings About 401(k) Participation Signal Opportunity for Education
Sharing findings of a recent Capital One survey, Stuart Robertson says there is opportunity to educate employees about the tax-deferred status of retirement plan contributions and retirement plan...