SunGard Enhances Omni Web Solution
SunGard released a new version of its Omni Web Solution for defined contribution and defined benefit plan participants, plan sponsors and customer representatives.
Tag: Defined benefit
Employers Need Incentives to Offer Retirement Plans
During a Senate Committee on Health, Education, Labor and Pensions’ roundtable, witnesses agreed business owners need incentives to offer retirement plans.
Long-Term Plan Participation Improves Retirement Readiness
American workers are not saving enough for retirement—and risk the regret felt by current retirees who made that mistake, according to research from BlackRock.
Will DBs Make a Comeback?
A white paper contends defined benefit (DB) plans are positioned to make a comeback.
Retirement Benefit Solutions Offers DB Funding Modeling
Retirement Benefit Solutions LLC offers a defined benefit (DB) pension funding methodology to assist pensions through the creation of a new life insurance asset class.
2012 Another Challenging Year for U.S. Pensions
The overall financial health of U.S. corporate defined benefit (DB) pension plans declined in 2011, and 2012 looks challenging as well, according to analysis by Mercer.
More Large DB Plan Sponsors Adopting Fiduciary Solutions
Russell Investments has seen a marked uptick in interest in investment outsourcing from larger corporate defined benefit (DB) plans.
New York Life Enhances Plan Sponsors’ Web Portal
New York Life Retirement Plan Services has enhanced its Client Access website, with upgrades to plan participation and contribution dashboards for each plan sponsor.
Consider PBGC Premiums Before Reducing DB Contributions
Advisers must consider the most effective ways to help sponsors take action under legislation that reduces required funding for defined benefit (DB) plans but increases their insurance premiums.
Harkin's Privately Run Pension Proposal Receives Mixed Reviews
Senator Tom Harkin’s (D-Iowa) new report, "The Retirement Crisis and a Plan to Solve It," has received mixed reviews.
DB Income Reduces Poverty Risk in Older Americans
Income from defined benefit (DB) pension plans significantly contributes to the well-being of older Americans.
Contributions to be a Material Expense for Many Pensions
A majority of large U.S. corporate pension plans are underfunded, with future contributions a material expense for many over the coming years, according Fitch Ratings.
Incorporating Risk Parity into DC Plans
Risk parity is used by defined benefit plans to protect against downside risk, but “there’s no reason DC sponsors shouldn’t use it,” Invesco noted.
Pensions See Near-Record Funding Deficit in June
Plunging discount rates drove up pension liabilities in June, swamping asset improvement and capping a bad second quarter.
Russell Releases Corporate Pension Finance Handbook
Russell Investments compiled a handbook outlining the major issues facing corporate pension plan sponsors.
DC Assets Fastest Growing Among Employer-Sponsored Plans
Assets in employer-sponsored retirement plans, IRAs and annuities totaled $17.9 trillion at year-end 2011, up slightly from 2010, according to the Investment Company Institute (ICI).
Choice of Advisers Impacts Retirement Portfolio Choices and Outcomes
Younger, less-educated and lower-paid employees are more likely to choose the investment provider that offers face-to-face financial advice, a survey found.
Court Dismisses Claim Against Solis for PPA Provision
A federal district court dismissed claims by defined benefit (DB) plan participants over the removal of an early retirement provision due to the plan’s critical status.
J.P. Morgan Proposes Strategy for Managing DB Sponsor Risk
The funding position of a defined benefit (DB) pension plan is often linked closely to the performance of the sponsoring company’s business, J.P. Morgan Asset Management noted in...