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Isle of Wight Radio 10:00am - 3:00pm Live and Local Podcast - Supporting Live Local Music On The Isle Of Wight Strike Action Dates Revealed As Wightlink Workforce Joins RMT Rebellion By Iona Stewart-Richardson Wightlink, Victoria of Wight It could become travel chaos on the weekend of this years Isle of Wight Festival, among others, as Wightlinks workforce has confirmed it plans to strike. Yesterday (Thursday) Isle of Wight Radio revealed the ferry firm was "disappointed" its members of the RM...

Funded Ratio for Canadian Pension Plans Improves in 2020 After plummeting during the first quarter, the funding level of Canadian defined benefit plans rebounded to end the year at 91.2%. After seeing their funded status tumble to almost 80% in late March, Canadian defined benefit (DB) pension plans rebounded strongly for the rest of the year and saw their aggregate funded level improve to 91.2% from 90.8% a year earlier, according to professional services firm Aon. “Equity markets performed ...

Isle of Wight Radio 7:00pm - Midnight Live and Local Podcast - Supporting Live Local Music On The Isle Of Wight Wightlink Says Now Is Not The Time To Take Strike Action By Iona Stewart-Richardson Wightlink is urging its workers not to strike after members of the RMT union voted to take industrial action. The ferry firm recently revealed plans to consult on a proposal which it says would “avoid job losses or pay cuts which many other companies in the sector have already made.” The plans, wh...

Navigating the DB minefield when selling your advice firm By Patrick Isaacs 18 th December 2020 10:43 am In the past 13 years, I’ve brokered the sale of 346 companies in the UK wealth management space, from companies with £5bn in assets to advisers with £5m. I have spoken to the great, good, bad and shocking, and on that journey I’ve learned a few things about what makes an IFA business attractive to a buyer, and what doesn’t. Its contrary to logic. But if an...

RETIREMENT PLAN DEVELOPMENTS DOL Finalizes Pooled Plan Provider Registration Requirements The U.S. Department of Labor (DOL) finalized registration requirements for "pooled plan providers" offering "pooled employer plans" through its final regulation, which became effective on November 16, 2020. Beginning on January 1, 2021, the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) authorizes newly permitted pooled plan providers to begin offering pooled employer plan...

1 Introduction The creation of the target date fund (TDF) sought to make available a professionally managed solution for individuals saving for retirement through their employer’s defined contribution (DC)/ 401(k) plan. In the U.S., DC assets represent 61% of total retirement assets 1 and that percentage is expected to continue to rise. However, despite improvements to investment options and participant behavior, on average, DC plans con...

Alex Lee, who has been her No. 2, takes over the top finance slot. Alex Lee Deloitte’s long-time chief investment officer, Mary Ellen Stocks, has retired, handing over the job to Alex Lee, who has functioned as her deputy in the past. “We accomplished a lot and left a strong team,” said Stocks, who took over the CIO position in 2004. She joined Deloitte in 1994 and first worked there in investment consulting. The auditing and consulting giant, which has 10,000 professionals, is the US uni...

To print this article, all you need is to be registered or login on Mondaq.com. The Internal Revenue Service has announced cost-of-living-adjusted limits for 2021 that affect the operation of tax-qualified retirement plans, including 401(k) plans and certain other types of employee benefit plans, including deferred compensation plans that may be subject to Internal Revenue Code §409A. The amount by which the limits are adjusted each year is based on a cost of living ind...