Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 25th, 2015
Benefits & Administration
Public Pensions See Potential in Automation
Public pension leaders around the world agree that technology will improve participant services and administrative efficiency—though some skepticism remains in the U.S. Why are U.S. public pension plan sponsors behind on automation?Read more >
Participants Need Retirement Health Care Cost Information
Retirement plan advisers are not refraining from addressing the high cost of health care in retirement with plan participants. “We talk about all aspects of what they will need in retirement,” says Michael Woomer, senior vice president of institutional and retirement plan services at Fort Pitt Capital Group. “People basically understand that they will be facing health care costs, but they don’t understand how big the impact will be, so we tell participants how important it is to save as much as they can.”Read more >
MOST READ ARTICLES
1
What Participants Want From Employers’ Retirement Plan Websites
2
2021 Recordkeeping Survey
3
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
4
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
5
U.S. Falls in Natixis Global Retirement Ranking
Can K-12 403(b)s Find a Balance?
There’s been a tug of war, of sorts, over the best design for K-12 school district 403(b) plans, but some say they should strike a balance between old and new.Read more >
Products, Deals & People
MetLife has launched its “MetLife 3 R’s to Retirement” campaign and website, which offers a range of resources and guidance to school employees.Read more >
ABG Retirement Plan Services has created LifetimeIncomeCenter.com, a resource for answering critical retirement planning questions such as, How long will I live? Will I run out of money? When should I start Social Security payments? How would an annuity help me?Read more >
Market Mirror

Deep losses for U.S. stock indices yesterday were part of a global wave of selling triggered by increased signs of an economic slowdown in China, the Associated Pres reports. The Dow closed 588.47 points (3.58%) lower at 15,871.28, the NASDAQ dove 179.79 points (3.82%) to 4,526.25, and the S&P 500 was down 77.66 points (3.94%) at 1,893.23. The Russell 2000 fell 45.10 points (3.90%) to 1,111.69, and the Wilshire 5000 dove 813.79 points (3.92%) to 19,956.48.                    

On the NYSE, 3.2 billion shares traded, with declining issues outnumbering advancing issues more than 20 to 1. On the NASDAQ, 2.8 billion shares changed hands, with a more than 9 to 1 lead for decliners.

The price of the 10-year Treasury note increased 8/32, bringing its yield down to 2.013%. The price of the 30-year Treasury bond slipped 4/32, increasing its yield to 2.736%.

From the Magazine
Smart Beta Fulfills Need for Risk-Adjusted Returns
Sponsors of defined benefit (DB) plans are forever fighting a battle to boost the productivity of their funds’ equity assets. However, many find that the two conventional weapons—strategies run by active managers and passive investment in market indexes—have become less effective in a low-return environment. The need for increased risk-adjusted return, along with a desire to reduce spending on fees, has created an opportunity for a raft of new products, known by a number of different names—factor investing, alternative indexing and engineered equity—but known collectively as “smart beta.”Read more >
Small Talk
ON THIS DATE: In 1718, hundreds of colonists from France arrived in Louisiana, some settling in present-day New Orleans. In 1916, the National Park Service was established as part of the U.S. Department of the Interior. In 1939, the movie “Wizard of Oz” opened around the United States. In 1949, NBC Radio debuted “Father Knows Best.” The show went to TV in 1954. In 1962, 17-year-old singer Eva Narcissus Boyd scored her first and only No. 1 hit with “The Loco-Motion.” In 1981, the U.S. Voyager 2 sent back pictures and data about Saturn. The craft came within 63,000 miles of the planet. In 1984, Truman Capote, the author of the pioneering true-crime novel “In Cold Blood” died at age 59 in Los Angeles. In 1997, the tobacco industry agreed to an $11.3 billion settlement with the state of Florida. In 2009, Edward “Ted” Kennedy, who served as a U.S. senator from Massachusetts from 1962 to 2009, and the youngest brother of President John F. Kennedy, died of brain cancer at age 77 at his home in Hyannis Port, Massachusetts.
TUESDAY TRIVIA: A Swedish hockey player once scored by squatting in the goal to release a puck that had gotten stuck in his pants. This can be seen around the 18th second in this video.Read more >
TRIVIAL PURSUITS: What were used as the first ice hockey pucks?Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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