Table of Contents
Issue Date: Monday, March 3, 2014
The Massachusetts Securities Division targeted many of the wrong firms in questioning 401(k) record keepers about employers moving to an annual match instead of contributing each pay period.
Institutional investors are holding their collective breath as the Supreme Court considers making it harder to bring class-action securities lawsuits.
Colleagues remember CalPERS' Joe Dear as a consensus builder.
Publicly traded money managers that strengthened their business models through the market downturn generally reported profit margins in 2013 that often either matched or exceeded their pre-crisis levels.
Nominations are now being accepted for the third annual Innovator Awards, sponsored by Pensions & Investments and the Defined Contribution Institutional Investment Association.
CalPERS is axing its 22-year-old passive currency hedging program because it has had almost no effect on the returns or volatility of the $282.5 billion pension fund.
Defined contribution industry executives are looking for ways to reduce or revise the role of revenue sharing, a new survey by Pensions & Investments and Rocaton Investment Advisors LLC shows.
Defined contribution record-keeping assets surged to a record $5.06 trillion for the 12 months ended Sept. 30, as tracked by Pensions & Investments' annual survey of the largest record keepers.
U.K. fiduciary management, once dominated by investment consulting firms, is changing, with money managers adding resources, increasing expertise and gaining traction in a growing market.
The cost of indemnification — insurance against counterparty default — might have to be carried on bank balance sheets under possible domestic and international regulations, and that could spur asset owners to make changes in their securities lending programs.
Wealthy families looking to sell iconic buildings are knocking on the doors of institutional investors, taking advantage of institutions' growing interest in investing directly in real estate.
Public pension fund groups are pressuring the Pew Charitable Trusts to stop taking money from a foundation to finance Pew's Public Sector Retirement Systems Project.
China's enterprise annuity program, the local version of a 401(k), could be poised to shake off a reputation for disappointing growth as the 10th anniversary of the program's launch rolls around this year.
Seventeen companies have announced projected contributions to their defined benefit plans totaling more than $10 billion since Feb. 14, according to 10-K filings with the Securities and Exchange Commission.
Detroit's state-appointed emergency manager sliced into the accrued benefits of pension fund participants in a plan of adjustment filed in U.S. Bankruptcy Court on Feb. 21, while the city would not be required to make any pension contributions from its general fund until 2023.
Public retirement systems should use a forward-looking rate to discount pension liabilities rather than actual plan returns, according to a report issued by an independent panel commissioned by the Society of Actuaries.
As retirement plan sponsors in the U.K. work to offload the burden of offering a generous defined benefit plan to employees, fiduciary managers are turning their attention to the possibility of applying their services to increasingly popular defined contribution pension fund arrangements.
Retirement industry professionals take their own advice when it comes to diversifying portfolios, making contributions to DC plans to maximize company matches and rebalancing their portfolios regularly.
Defined contribution record-keeping assets surged to a record $5.06 trillion for the 12 months ended Sept. 30.
Twenty-six plan sponsors and 19 service providers won Eddy Awards, Pensions & Investments' annual awards identifying and rewarding the best practices in providing investment education to defined contribution plan participants.
An independent panel of the Society of Actuaries has laid out a path to strengthen public defined benefit plans, championing the valuation of pension liabilities in a more economically realistic way.
MyRA needs auto features to make it more effective.
There's ample room for pension plans to increase their allocations to infrastructure.
Poor recent performance from emerging markets equities, and the entire asset class is under review.
In a rising rate environment, high yield usually outperforms other fixed-income asset classes as long as there is economic growth and default rates remain subdued.
Many ERISA pension plans are now implementing specific formulas called “glidepaths” to automatically shift funds to fixed income from growth assets as the plan's funded status increases. The goal, of course, is to reduce funded status risk — i.e., to decrease the chance plan sponsors will face unanticipated funding obligations because of adverse market conditions.