Data and Research | November 25th, 2015 Moody’s Predicts PBGC Premiums Will Become Unaffordable The situation looks especially dire for multiemployer pension plans, the ratings agency says.
Deals and People | November 25th, 2015 Voya Financial Adds Large Market Relationship Manager In her new role at Voya Financial, Mary Witherow takes on responsibility for client satisfaction, retention and growth in the large corporate market
Investing | November 24th, 2015 More Institutional Investors Using ESG Investment Factors However, among all fund types, there was no increase in ESG use in corporate retirement plans from 2013 to 2015.
Participants | November 24th, 2015 DC Participants Stay the Course with Saving and Investing Only 1.8% stopped contributing to their DC plan in the first half of 2015, according to ICI.
Data and Research | November 24th, 2015 Mobile Offerings for Retirement Plan Participants Increasing In the past year, more retirement plan providers have launched new mobile applications or enhanced their existing mobile platforms.
Participants | November 24th, 2015 DC Participant Loan Takers Go On to Save Less Fidelity finds borrowers tend to save less on average over time after their first loan.
Data and Research | November 23rd, 2015 Participants Lose Out With Focus on Student Debt A new LIMRA study finds workers who choose to pay down debt over saving for retirement fall way behind their peers by age 65.
Benefits | November 23rd, 2015 Employees Reluctant to Engage in Wellness Programs Only one-third said the well-being initiatives offered by their employers encouraged them to live healthier lifestyles.
Products | November 23rd, 2015 John Hancock Adds Mobile Enrollment Would-be participants can now join their company’s retirement plan via the MyLifeNow application.
Deals and People | November 23rd, 2015 Asset International Announces Hiring of Nine Executives and Staff The parent company of PLANSPONSOR says the appointments were made in support of an expansion plan.
Data and Research | November 23rd, 2015 Investors Overly Focused on Short-Term Returns Research from TIAA-CREF shows a persistent focus on short-term returns leads to poor decisionmaking.
Data and Research | November 23rd, 2015 Financial Education Is Needed Globally A survey from Standard & Poor’s finds only 57% of U.S. adults are financially literate.
Administration | November 23rd, 2015 CalPERS Adopts Funding Risk Mitigation Policy The plan did not get a good reaction from the governor.
Compliance | November 23rd, 2015 Court Orders Employer to Restore Misused Health Plan Premiums The former president and COO of the now-defunct Faribault Woolen Mills Inc. must pay $55,000 in restitution and more than $12,000 in interest.
Deals and People | November 20th, 2015 Retirement Industry People Moves MassMutual’s newest acquisition; Lockton Chicago expands retirement practice; Envestment to use VMS recordkeeping services.
Data and Research | November 20th, 2015 Creature Comforts Keep Gen X, Boomers From Saving for Retirement Gen X’s second-biggest obstacle is saving for their children’s education.
Products | November 20th, 2015 Aflac Suite Helps Support ACA Compliance A suite of services helps employers with ACA reporting and employees with navigating health benefits.
Products | November 20th, 2015 Principal Launches Enrollment Assistance Tool The mobile-friendly solution walks retirement plan participants through retirement savings decisions.
Compliance | November 20th, 2015 Senators Give Church Plan Legislation Another Try U.S. Senators Ben Cardin (D-Maryland) and Rob Portman (R-Ohio) previously introduced legislation to address church retirement plan issues in 2013.
Products | November 19th, 2015 Investment Product and Service Launches for the Week Acuitas establishes new long/short equity option designed for retirement plans, and LGIMA touts new liability-based funds for small and mid-sized pensions.