Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 13th, 2015
Benefits & Administration
Phased Retirement Can Benefit Workers and Employers
Cyndi Hutchins, director of financial gerontology, Bank of America Merrill Lynch, says the value of human capital is a contributing factor to the growing attention being given to phased retirement. “Employers are starting to look at the value that an older worker can bring to the younger members of the workforce,” she tells PLANSPONSOR.Read more >
Sponsored message from Russell
Star manager concerns? Expand your manager universe.
Russell’s multi-manager, multi-strategy funds simplify the manager change process for DC plans. No long searches; no costly transitions. Consider the benefits of multi-manager.Read more >
Products, Deals & People
Standish Enhances LDI Solutions Team
Standish Mellon Asset Management Company, a BNY Mellon investment boutique offering investment management services across fixed-income asset classes, named Max Guimond to the newly created position of liability-driven investing (LDI) solutions strategist. Guimond is tasked with managing overlays, augmenting Standish’s cash bond capabilities. He will oversee the implementation of completion strategies that utilize cash and derivatives to hedge the inherent risks in defined benefit pension plans.Read more >
Commonfund, an investment manager for institutional investors, hired Brian Rondeau, CFA, as director of Risk Management and Alex Gurvich as director of Commonfund Asset Management Group. Rondeau is responsible for the due diligence of external managers and counterparty credit risk. Gurvich is focused on equities and is responsible for performing quantitative research on asset allocation, risk management and portfolio construction. He will also support Commonfund’s outsourced solutions.Read more >
MOST READ ARTICLES
1
2021 Health Savings Account Survey
2
2020 Recordkeeping Survey
3
403(b) Plan Sponsor Sued Over Excessive Fees and Underperforming Investments
4
Addressing the Haves and Have-Nots in Retirement Savings
5
FRIDAY FUN - May 14, 2021
Pentegra Makes Available Hueler Lifetime Income Product
Pentegra Retirement Services is making available to clients a new lifetime retirement income product in conjunction with Hueler Income Solutions. The addition of the Hueler Income Solutions product provides Pentegra with the ability to expand access to institutionally priced lifetime income for thousands of retirement plan participants.Read more >
The Retirement Advantage, Inc. (TRA), a retirement plan solutions provider, hired Emily Hooyman as plan installation manager. Leading the plan installation team, Hooyman’s primary task is integrating TRA’s plan installation services with its plan provider partners to provide a seamless onboarding experience for new business clients.Read more >
Market Mirror

Yesterday, the Dow was down 96.53 points (0.54%) at 17,640.84, the NASDAQ closed 39.36 points (0.84%) lower at 4,664.71, and the S&P 500 lost 16.02 points (0.78%) to finish at 2,028.79. The Russell 2000 decreased 5.66 points (0.48%) to 1,180.02, and the Wilshire 5000 fell 166.49 points (0.77%) to 21,330.63.

On the NYSE, 3.2 billion shares traded, and on the NASDAQ, 2.8 billion shares changed hands, with 1.6 declining issues for every advancing issue on both exchanges.

The price of the 10-year Treasury note was up 12/32, decreasing its yield to 1.908%. The price of the 30-year Treasury bond increased 23/32, bringing its yield down to 2.497%.

Compliance
Court Lays Out Rules for Partial Plan Termination
A federal appellate court has ruled that a series of reductions in the number of participants in the Household International Tax Reduction Investment Plan were not related and cannot be combined to determine if a partial plan termination occurred. Ruling in the fifth appeal in a 19-year-long case, the 7th U.S. Circuit Court of Appeals reiterated its previous definition of “partial termination.” The court noted that there was no usable statutory or regulatory definition of partial termination when the case began, so it adopted its own in a 2004 opinion in the current case.Read more >
J.P. Morgan has agreed to pay approximately $500 million to settle the lawsuit over nearly $18 billion worth of poor-quality mortgage-backed securities sold by Bear Stearns Cos. Investors alleged that Bear Stearns “misrepresented the quality of the loans in the loan pools” and garnered “unjustifiably high” credit ratings for the loans from ratings agencies.Read more >
From the Magazine
Portfolio Maintenance in Volatile Markets
Retirement savers are often presented with a simple message about portfolio allocations: Rebalance regularly. This is not always easy in practice, though, especially when volatile markets create fears that complicate decisionmaking. The solution can be simple, too, says Rob Austin, director of retirement research at Aon Hewitt in Charlotte, North Carolina. He advises investors to take emotion out of the equation. This applies to everyone supervising an investment portfolio in the retirement space—whether individuals in defined contribution (DC) retirement plans or benefits and finance professionals running a defined benefit (DB) pension.Read more >
Small Talk

ON THIS DATE: In 1854, Anthony Faas of Philadelphia, Pennsylvania, was granted the first U.S. patent for the accordion. He made improvements to the keyboard and enhanced the sound. In 1929, nearly 50 years after the famous gunfight at the O.K. Corral, Wyatt Earp died quietly in Los Angeles at the age of 80. In 1939, Arthur “Doc” Barker was killed while trying to escape from Alcatraz Prison in San Francisco Bay. In 1966, President Lyndon B. Johnson appointed the first African-American cabinet member, making Robert C. Weaver head of the Department of Housing and Urban Development (HUD). In 1997, Debbie Reynolds received a star on the Hollywood Walk of Fame. In 2008, the Golden Globes Award ceremony was canceled due to the Writers Guild of America strike that began the previous fall.

 

TUESDAY TRIVIA: Noted accordion players include Jimmy Stewart, John Lennon, Elvis Pressley, Cheryl Crow, Ginger Rogers, Barry Manilow, and Billy Joel.

TRIVIAL PURSUITS: How did the degreaser, WD-40, get its name?Read more >
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., 2014.

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