| | Benefits & Administration | | A New Landscape of TDFs in Retirement Plans | | According to the 2015 Defined Contribution (DC)
Trends Survey by the Callan Investments Institute, about one in 10 plan
sponsors replaced their target-date fund/balanced fund manager in 2014, and the
proportion of plans that offer their recordkeeper’s proprietary TDF declined
precipitously, from 47.5% in 2013, to 28.7% in 2014. Plan sponsors expect this
number will decrease even further in 2015 (to 23.6%). Lori Lucas, executive
vice president and Defined Contribution Practice leader at Callan Associates in
Chicago, said the change in the TDF landscape was what stood out to her in the
survey findings. “I was not surprised by the change away from recordkeeper’s
proprietary funds, but was surprised by how many DC plans are using custom
target-date funds,” she tells PLANSPONSOR.Read more > | | 2015 Advisers' Choice Award Winners | | PLANADVISER announced the winners of the second
annual Advisers’ Choice Awards, to be handed out at its annual
PLANSPONSOR/PLANADVISER Awards for Excellence dinner, to be held March 31 at
Pier 60 of the Chelsea Piers in New York City. Nine firms will be honored for
their high-ranking performance in four of distinct categories, taken from the
eighth annual PLANADVISER Retirement Plan Adviser Survey. More than 600
retirement plan advisers participated in the survey and entered their preferred
fund families, investment firms and defined contribution (DC) providers, as
well as the mutual funds they most often recommended to their defined
contribution plan clients.Read more > | | Former California Public Employees Retirement
System (CalPERS) Board member Alfred R. Villalobos has died just a month before
he was to go on trial for a bribery and fraud scheme relating to pension fund
investments. Police said they received a call from a Nevada gun club that there
was “a possible suicidal person” there, and when they arrived, they found
Villalobos dead from a gunshot wound, according to the Associated Press. Police
are investigating, but said it was “apparently self-inflicted.” However,
Villalobos’ attorney, Bruce Funk, maintained that Villalobos’ death was
connected to his “protracted and painful illness,” not the upcoming
trial.Read more > |
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