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DB Plan Administration |
Largest Pensions Troubled by Longer Lifespans |
The United States’ 19 largest pension funds hold
roughly 40% of the nation’s pension obligations, according to Russell
Investments, so it’s no big surprise they are struggling with longevity trends.Read more > |
Failing Multiemployer Plans Face More Reduced Benefits: PBGC multiemployer plan benefit guarantees will cover
a smaller share of benefits in future plan failures, a study shows.Read more > |
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Regulatory Developments |
Changes Plan Sponsors Would See with Fiduciary Rule |
Reading media reports about how the Department
of Labor’s (DOL’s) new fiduciary investment advice proposal will affect adviser
practices, plan sponsors may be asking, “What does it mean for us and our
employees?” The DOL’s new fiduciary investment advice proposal replaces or
updates past guidance about advice to plan sponsors and participants in ways
that would provide additional protections and make fees and who is acting as a
fiduciary clearer. However, the proposal also changes the distinction between
education and advice in such a way that some expect plan sponsors and
participants to have access to less help and guidance.Read more > |
PBGC Revising Reportable Events Forms: The PBGC is requesting that OMB extend approval of
collections of information about certain reportable events until final rules
can be published.Read more > |
PBGC Proposes Electronic Filing for Multiemployer Plan
Notices: The PBGC says electronic filing of certain
notices required by multiemployer plans would result in greater efficiencies
for the government.Read more > |
Oral Misrepresentation Enough to State a Claim Under
ERISA: A pension plan participant who claims he didn’t
receive promised credit for service can proceed with his lawsuit.Read more > |
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Global |
Multinational Pensions Push to Centralize Governance |
Streamlining resources—and committing more to
DC—will be the future for multinational pensions, a survey has found.Read more > |
Deficit Denial: Companies ‘Increase R&D Instead of
Pension Payments’: Research suggests companies running large
pension deficits are avoiding making bigger contributions.Read more > |
UK Pensions ‘Must Collaborate to Cut Deficits’: A £47 billion shortfall won’t be addressed by raising
taxes or investing passively, says the LPFA’s Susan Martin.Read more > |
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