AddThis Feed Button

Posted yesterday.
4 pages. Excerpt: "If adopted as proposed, the new accounting rule would eliminate a significant incentive for defined benefit pension plan sponsors to hold stocks in the plan trust." (Towers Watson)
Tags:   retirement
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted yesterday.
Excerpt: "Plan sponsors who move to a cash balance plan from a traditional defined benefit (DB) plan may not always realize they are trading interest rate risk for investment risk, Vanguard's chief actuary maintains." (The Vanguard Group, Inc.)
Tags:   retirement
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Aug 31, 2010 (2 days ago)
The Hartford Financial Services Group is looking to capture a bigger share of the middle market for 401(k) defined contribution and defined benefit retirement plans.
Tags:   retirement blogs
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Aug 28, 2010 (5 days ago)
Caterpillar is moving its management support and other nonunion employees in the US from a defined benefit pension plan to a 401k plan beginning in 2011.
Tags:   retirement blogs
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Aug 27, 2010 (6 days ago)
Excerpt: "According to Towers Watson's industry-specific analysis -- including defined benefit (DB) and defined contribution (DC) plans, as well as retiree medical and life insurance plans -- the value, as measured by percentage of pay, of total retirement benefits for U.S. workers dropped 19% between 1998 and 2008." (Towers Watson)
Tags:   retirement
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Aug 27, 2010 (6 days ago)
17 pages. Excerpt: "The [August 27, 2010 phone] Forum will focus on potential abusive schemes and new emerging issues including insurance funded plans, schemes involving defined benefit pension plans, S Corporation ESOP abuses, ROBS compliance issues, reversion and distribution schemes, management company promotions, abuses involving union plans and other issues of concern. IRS EP will also discuss strategies to proactively detect and deter abuse, including the use of Promoter Investigations." (U.S. Internal Revenue Service)
Tags:   retirement
Download attachment Download |  Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Aug 27, 2010 (6 days ago)
Excerpt: "Caterpillar Inc. . . . will switch more than half its 50,000 U.S. employees to 401(k) accounts from defined benefit plans to save the company money." (Pensions & Investments; registration may be required)
Tags:   retirement plan types
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Aug 24, 2010 (9 days ago)
Excerpt: "Illinois Teachers' Retirement System . . . plans to sell $3 billion in investments, or about 10% of its $33.1 billion in assets, in the current fiscal year to pay pension benefits . . . . The system is the fifth Illinois statewide defined benefit plan to sell off investments this fiscal year to pay benefits." (Pensions & Investments; registration may be required)
Tags:   retirement
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Aug 23, 2010 (10 days ago)
6 pages. Excerpt: "On August 10, 2010, the Pension Benefit Guaranty Corporation . . . proposed a regulation under which PBGC . . . would require a significant subset of employers that sponsor defined benefit pension plans to, in practice, fund their plans above the level required by the Pension Protection Act of 2006 . . . ." (Groom Law Group)
Tags:   retirement
Download attachment Download |  Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Aug 23, 2010 (10 days ago)
Excerpt: "HR leaders and plan fiduciaries should begin planning now for regulations that take effect next summer, which require more transparency from service providers of defined-contribution and defined-benefit plans. The unbundling of complex service fees may make it easier for HR leaders to determine whether the costs are reasonable." (Human Resource Executive Online)
Tags:   retirement
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Aug 23, 2010 (10 days ago)
Excerpt: "The Forum will focus on potential abusive schemes and new emerging issues including insurance funded plans, schemes involving defined benefit pension plans, S Corporation ESOP abuses, ROBS compliance issues, reversion and distribution schemes, management company promotions, abuses involving union plans and other issues of concern." (Internal Revenue Service)
Tags:   retirement
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Aug 23, 2010 (10 days ago)
20 pages. Excerpt: "This testimony discusses (1) the extent to which defined benefit plans have invested in hedge funds and private equity, (2) challenges that such plans face in investing in hedge funds and private equity, (3) steps that plan sponsors can take to address these challenges, and (4) the implications of these challenges for the federal government." (U.S. Government Accountability Office)
Tags:   retirement
Download attachment Download |  Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Jul 21, 2010 (43 days ago)
As the Senate passed the Financial Reform Bill (aka FinReg) 60-39 last Thursday, many investors and financial advisors are speculating about how this legislation may affect the financial services industry—specifically the relationship between investment advisors and retail consumers. FinReg was passed for three vital reasons: to end the “too big to fail” mentality, to protect the taxpayer by ending bailouts, and perhaps most importantly to protect consumers from unscrupulous financial practices. Some advisors fear that the implementation of a fiduciary standard will somehow inhibit investment opportunities and give the SEC overpowering regulatory authority. It is important to note that passing FinReg does not automatically create a fiduciary standard for investment advisors; it merely tasks the SEC with engaging in a six-month study to determine whether brokers provide investors with advice under a fiduciary standard (as defined in the Investment Advisers Act of 1940). In my eyes, that six month period gives Wall Street a chance to ‘fight back’ against these game-changing rules, or prepare for them, or some combination of both. But what would a fiduciary standard really mean for advisors? It would create an environment in which brokers and advisors must choose “the best” option for their customers as opposed to merely a “suitable” option which is currently how the rules work. The “best” option, as defined by The Committee for Fiduciary Standards would be an option that: puts the clients interests first, that doesn’t mislead clients (discloses all facts), and that avoids conflicts of interest. Essentially, the fiduciary standard would create a more honest and efficient relationship between the advisor and the consumer. Specifically, the fiduciary standard would affect areas such as 401k plans. The way most defined-contribution plans currently work, there is a direct conflict of interest between plan participants and the brokers who provide advice about the plan. Brokers who implement retirement plans typically ...
Tags:   retirement blogs
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Jul 8, 2010 (56 days ago)

BofA Hires Fidelity Executives to Expand $500 Billion Retirement Business
Bloomberg
He was executive vice president of Fidelity's adviser retirement group. Ulian will focus on 401(k) and defined-benefit plans at mid-sized and large ...
BofA Hires Two From Fidelity to Expand Retirement BusinessFinancial-Planning.com
...
Tags:   fidelity
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Dec 27, 2009 (249 days ago)
Includes guidance on the effect of the Pension Protection Act's changes to ERISA. Excerpt: "The spreadsheet and guidance contained in the zip file . . . below was developed by the Office of the Actuary to assist hospitals and [fiscal intermediaries] in determining the annual allowable defined benefit pension for the FY 2011 wage index. A full explanation is contained within the PDF document . . . ." (Centers for Medicare & Medicaid Services, U.S. Department of Health & Human Services)
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Jul 23, 2009 (406 days ago)
Many companies stung by the recession are looking to cut costs by putting the expenses and liabilities associated with their pension plans under the microscope. Many firms have stopped matching employee’s contributions to 401 plans, and many Fortune 1000 firms continue to freeze their traditional defined-benefit pension plans.
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Mar 5, 2009 (546 days ago)

Retirement funds in danger for millions of Americans
World Socialist Web Site, MI
In short, participants in defined benefit plans are sheltered from the effect of the financial crisis on retirement assets." According to a recent study by Fidelity Investments, American workers lost an average of 27 percent of their 401(k) retirement ...

Tags:   fidelity
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Dec 22, 2008 (619 days ago)

Fidelity Announces Dividend in Fidelity Flexi Gilt Fund
Business Wire India (press release), India - 1 hour ago
FIL provides mutual funds, retirement services, including defined benefit and defined contribution pension schemes, and specialist institutional mandates to ...

Tags:   fidelity
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Oct 22, 2008 (680 days ago)

Pension plans OK despite downturn: Report
Canada.com, Canada - 3 hours ago
As well, says the Pyramis survey, fully one-third of Canadian defined benefit plans - which guarantee certain benefit levels upon retirement - are ...
Pyramis Global Advisors survey finds Canadian pension plans at a ... Canada NewsWire (press release)
Pension plans worried about returns in volatile
...
Tags:   fidelity
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Sep 16, 2008 (716 days ago)

Fidelity Enhances Mobile Phone Access to Investment Accounts
Business Wire India (press release), India - 34 minutes ago
FIL provides mutual funds, retirement services, including defined benefit and defined contribution pension schemes, and specialist institutional mandates to ...

Tags:   fidelity
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Sep 1, 2008 (731 days ago)

Fidelity announces NFO for its fixed maturity plan
Smash Hits, India - 1 minute ago
FIL provides mutual funds, retirement services, including defined benefit and defined contribution pension schemes, and specialist institutional mandates to ...

Tags:   fidelity
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Jul 21, 2008 (773 days ago)

Fidelity Launches Fidelity Flexi Gilt Fund
Business Wire India (press release), India - 23 hours ago
FIL provides mutual funds, retirement services, including defined benefit and defined contribution pension schemes, and specialist institutional mandates to ...

Tags:   fidelity
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Apr 16, 2008 (869 days ago)
Beneficial Mutual Bancorp Inc. plans to freeze its defined benefit pension plan in a move to cut fixed costs, the bank holding company said Wednesday.
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Apr 14, 2008 (871 days ago)
Discusses change in minimum vesting requirement, single-sum distributions from defined benefit plans, more. Excerpt: "In our field of law, the wonder and anticipation of the holidays are always joined by two other year-end phenomena: effective dates and deadlines. This eBenefits Alert discusses the most significant changes in the employee benefits arena that we should be thinking about as 2007 becomes 2008. Links to more detailed discussions are included for some topics." (Gray Plant Mooty)
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
Posted on Mar 9, 2008 (907 days ago)

Fidelity Announces Dividends in Two Schemes - Fidelity Equity Fund ...
Business Wire India (press release), India - 2 hours ago
Fidelity International provides mutual funds, retirement services, including defined benefit and defined contribution pension schemes, and specialist ...

Tags:   fidelity
Post to facebook Facebook  | Post to twitter Twitter  | Digg This! Digg This!   | Email article Email article   |   Read More...
 Follow The Industry Radar
 facebook-32x32 ty reew qw ds
Top Stories
Click Topic Below For Headlines

AddThis Feed Button Subscribe to feed