 |
|
|
|
| Products, Deals & People | |
| In response to the increased demand for pension buyouts Mercer has developed a Pension Risk Exchange to support defined benefit plan sponsors in timing and execution of buyout deals. The exchange delivers buyout price transparency and deal readiness, while ensuring plan participants are protected, Mercer says. The solution helps plan sponsors execute a buyout at more competitive prices and in a shorter time frame than is currently possible.Read more > | |
| MetLife Offers Longevity Annuity for DC Plans | |
| A new deferred income annuity from MetLife is designed specifically for the institutional market and is available for qualified defined contribution (DC) retirement plans. Roberta Rafaloff, vice president, institutional income annuities, MetLife’s institutional retirement group, tells PLANSPONSOR the qualified longevity annuity contract (QLAC) is not an investment option. “We like to distinguish annuities from investments; they are insurance,” she says—so the QLAC will be included as a distribution option from the plan.Read more > | |
| A white paper from Prudential Retirement outlines steps to prepare plan sponsors for future PRT transactions. According to Prudential, the white paper can help plan sponsors identify which path forward may be best—and once the sponsors decide what type of buyout they want to pursue, they can begin the process of transacting, which is outlined in detail through four phases.Read more > | |
| Market Mirror | |
Major U.S. stock indices bounced back Wednesday from Tuesday losses. The Dow was up 121.45 points (0.67%) at 18,162.99, the NASDAQ climbed 73.84 points (1.47%) to 5,106.59, and the S&P 500 closed 19.29 points (0.92%) higher at 2,123.49. The Russell 2000 gained 15.60 points (1.26%) to finish at 1,254.36, and the Wilshire 5000 increased 198.55 points (0.89%) to 22,422.94. On the NYSE, 3.2 billion shares changed hands, with 2.7 advancing issues for every declining issue. On the NASDAQ, 2.8 billion shares traded, with a 2.3 to 1 ratio of advancers to decliners. The price of the 10-year Treasury note was up 3/32, decreasing its yield to 2.130%. The price of the 30-year Treasury bond increased 22/32, bringing its yield down to 2.867%. | |
| Compliance | |
| The Department of Labor (DOL) has issued additional frequently asked questions (FAQs) regarding implementation of the Patient Protection and Affordable Care Act (ACA). The agency also announced an ACA compliance webcast to be held June 10.Read more > | |
| From the Magazine | |
| Considering PRT? Understand Your Goal | |
| Two considerations are critical for defined benefit (DB) plan committees when discussing pension risk transfer (PRT), says Prudential’s Scott Kaplan: education about the various types of risk transfer options and weighing the cost of taking action against the cost and risk of maintaining the plan.Read more > | |
| Small Talk | |
| ON THIS DATE: In 1754, 22-year-old lieutenant colonel of the Virginia militia George Washington successfully defeated a party of French and Indian scouts in southwest Pennsylvania as Virginia attempted to lay claim to the territory for its own settlers. The action snowballed into the Seven Years’ War. In 1892, the Sierra club was organized in San Francisco. In 1961, Amnesty International, a human rights organization, was founded. In 1983, Irene Cara’s song “Flashdance (What a Feeling)”, from the Flashdance movie soundtrack, went to the top of the U.S. pop charts. In 1998, the comedian and actor Phil Hartman, famous for his work on “Saturday Night Live” and “NewsRadio,” was shot to death by his troubled wife, Brynn, in a murder-suicide. He was 49. In 2014, author and poet Maya Angelou died at age 86 at her home in Winston-Salem, North Carolina. | |
| SURVEY SAYS: This past Monday marked the unofficial start of summer, so it’s time for our annual Summer Reading List survey. In addition to what you plan/hope to read this summer, I’d like to know, do you ever check out books from the public library? You may respond to this week’s survey by 6 p.m. Pacific time today.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., 2015.
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 |