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Money managers attempt to calm layoff fears amid downturn

Several banks and money managers have said they have no immediate plans for layoffs amid concerns about COVID-19's financial impact.

Companies start suspending 401(k) contributions due to economic slowdown
Companies start suspending 401(k) contributions due to economic slowdown

Companies have begun suspending planned matching contributions to their defined contribution plans as a result of the COVID-19 pandemic.

A hand made sign placed on the window of a restaurant reads "Beating This Virus One Heart at a Time" in Detroit.
Record keepers waive fees for DC plan loans

Record keepers are waiving fees on retirement plan loans and hardship withdrawals in response to the economic fallout from the coronavirus.

BP, shareholders will work on 2021 climate-change resolution
BP, shareholders will work on 2021 climate-change resolution

BP and shareholder group Follow This agreed to work together on a climate resolution for the company's 2021 shareholder meeting.

Kentucky OKs bill to separate county pension plan administration from state system
Kentucky OKs bill to separate county pension plan administration from state system

The Kentucky Legislature passed a bill that would separate the administration of the county employees pension plan from the state system.

Money on Target stock photo
Pure target-date fund investors see significantly more gains

Participants in 401(k) plans who invest solely in target-date funds could realize up to 50% more retirement wealth over 30 years.

COVID-19 fallout transforms national retirement systems into rainy day funds
COVID-19 fallout transforms national retirement systems into rainy day funds

Some governments are opening the door now for retirement savings to help sustain workers during a period of enormous economic dislocation.

Exxon, Chevron given OK to dismiss shareholder climate proposal
Exxon, Chevron given OK to dismiss shareholder climate proposal

The SEC granted Chevron and Exxon Mobil's requests to reject a shareholder proposal calling for reports on addressing climate-change goals.

Don't be shy, just show us
Don't be shy, just show us

P&I has a question for plan sponsors and consultants: Where are you displaying your Eddy Award?

Dale Folwell
Asset owners keep steady hand on the wheel

Investors are relying on diversified portfolios, rebalancing and opportunistic investing to protect portfolios during market gyrations.