 |
|
|
|
| Compliance | |
| The New Jersey Supreme Court has agreed to hear a case about whether the state violated the law by making pension contributions that were less than what was agreed upon in 2011 pension reform. The state is appealing the decision of a Superior Court judge who ruled the state’s failure to make promised contributions into its pension systems was a substantial impairment of public employees’ constitutionally protected contract rights.Read more > | |
| From the Magazine | |
| Managed Payout Funds an Alternative to Annuities | |
| While annuities have seen some adoption in defined contribution (DC) plans, mutual fund providers have countered with a different option: managed payout funds, which are designed to invest life savings during the retirement years and distribute assets in a disciplined way. Because these funds turn to the stock and bond markets, their results are not guaranteed as they are for annuities. Still, managed payout funds can be a valuable complement to annuities and Social Security benefits, as well as provide retirees a greater degree of control over their assets.Read more > | |
| Investing | |
| Diverse TDFs Brought Diverse Returns in 2014 | |
| True or false: A given asset manager’s 2050 target-date fund (TDF) will outperform its 2045 counterpart during a year of strong market growth and manageable volatility. The intuitive answer is “true,” given the nature of glide-path investing and that the whole point of TDFs is to automatically ramp down on portfolio equity exposure over time—limiting both market risk and growth potential as the investor approaches the anticipated retirement date. In practice, things are somewhat murkier, observes Morningstar’s “2015 Target-Date Fund Landscape” report.Read more > | |
| Plan Sponsors Look to Change Investment Lineup | |
| More than one-third of sponsors (35%) plan to modify their investment lineup in the next 12 months, according to Cogent Reports’ annual Defined Contribution (DC) Investment Manager Brandscape study. In addition, four new investment managers—Goldman Sachs, J.P. Morgan Asset Management, John Hancock Funds and Prudential Retirement—are now on sponsors’ top 10 list. Last year, Goldman was ranked 13th, J.P. Morgan 11th, John Hancock 31st and Prudential 18th.Read more > | |
| Small Talk | |
| ON THIS DATE: In 1789, the U.S. House of Representatives held its first meeting. In 1935, Congress voted to approve the Works Progress Administration (WPA), a central part of President Franklin D. Roosevelt’s “New Deal.” In 1935, President Franklin D. Roosevelt authorized almost $5 million to implement work-relief programs. In 1974, Hank Aaron of the Atlanta Braves hit his 715th career home run, breaking Babe Ruth’s legendary record of 714 homers. In 2013, Margaret Thatcher, the first—and so far only—female prime minister of the United Kingdom, died in London at age 87 from a stroke. | |
| WEDNESDAY WISDOM: “Discipline is the bridge between goals and accomplishment.” —Jim Rohn, author and motivational speaker | |
| Share the good news with a friend! Pass the Dash along – and tell your friends/associates they can sign up for their own copy.Read more > | |
News from PLANSPONSOR.com
Copyright © Asset International, Inc., 2015. All rights reserved. No reproduction without prior authorization.
|
|
|
|
Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
Advertising: advertise@strategic-i.com
Subscribe to NEWSDash, click here .
To unsubscribe, click here.
|
BrightScope /
CIO /
FWW /
Investor Economics /
LiquidMetrix /
Market Metrics /
Matrix Solutions /
PLANADVISER /
Plan For Life /
PLANSPONSOR /
Simfund |