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| Benefits & Administration |
| Managing Benefits Costs a Top Goal for Companies |
| A survey released by Wells Fargo Insurance
reveals managing costs and maintaining employee productivity are the most
important goals in both the short (12 to 18 months) and long term (five years)
for C-suite executives and benefit managers. Wellness programs will be a top
priority for companies over the next five years, followed by coverage of family
members, employee attraction due to benefit offerings, and employee retention
due to benefit offerings. Most companies have already made changes to their
health benefit plans in 2015.Read more > |
| The estimated aggregate funding level of pension
plans sponsored by S&P 1500 companies decreased from 79% as of December 31,
2014, to 74% as of January 31, 2015, according to Mercer. Sharp decreases in
interest rates used to calculate corporate pension plan liabilities, coupled
with losses in equity markets, brought funded status down by 5%.Read more > |
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| Products, Deals & People |
| Cafaro Greenleaf Introduces Investment Fiduciary Services |
| Cafaro Greenleaf announced the roll out of its
Employee Retirement Income Security Act (ERISA) 3(21) and 3(38) investment
fiduciary services. The firm, which serves corporate, public and nonprofit
retirement plans, developed the service in response to strong demand from
advisers and retirement plan sponsors seeking expert advice on selecting and
monitoring the investment options available to plan participants, while
mitigating fiduciary liability for plan trustees.Read more > |
| LSEG to Sell Russell Investment Management |
| The London Stock Exchange Group (LSEG) recently
completed its due diligence review of Russell Investments as part of the
ongoing takeover of Russell’s various business lines, following an acquisition
from Northwestern Mutual. LSEG says the comprehensive review focused
principally on assessing the strategic fit of Russell’s investment management
resources with the group’s long-term strategy. “After careful consideration the
conclusion of the comprehensive review is to explore a sale of this business
[unit] in its entirety,” LSEG says.Read more > |
