Page 23 - Defined Contribution News Today

Message : Required fields ATLANTA, May 4, 2021 /PRNewswire/ -- Invesco today released findings from a new study, "Watch Your Language: Rethinking how we communicate with participants," examining the impact language can have on defined contribution (DC) plan participants overall understanding of, and behavior towards, the plans investment menu, potential benefits of staying in the plan post retirement, and how best to communicate retirement income benefits. "How we view and define retirement ha...

Report says retirement income will become the standard in defined contribution plans. Defined contribution (DC) plan sponsors have a “clearer path” to offer in-plan guaranteed retirement income, thanks to the Setting Every Community Up for Retirement Enhancement (SECURE) Act, according to a new report from PGIM. The report said that with the SECURE Act including a provision that will require a lifetime income disclosure on participant statements by the end of this year, “we should see pr...

Bank Of England: Minutes Of The Productive Finance Working Group - March 2021 - The Second Technical Expert Group (TEG) Meeting Date Agenda 1. Competition law reminder by Simmons & Simmons LLP 2. Updates on and discussion of progress since the previous TEG meeting on solutions to the barriers to investment in less liquid assets 3. Agreeing next steps for delivering draft solutions for the second meeting of the Steering Committee (SC2) on 4 May Minutes Item 1 – Competition law reminder by...

RPA to Host Virtual Continuing Education Seminar Trustee University for Missouri Plan Trustees May 4 virtual event helps DC retirement committee members satisfy state’s annual continuing education requirement. St. Louis, MO, April 28, 2021 --(PR.com)-- Retirement Plan Advisors (RPA) will host Trustee University virtually on May 4, 2021. Trustee University is a biannual seminar for Missouri-based trustees of defined contribution retirement plans. Industry leaders will address timely issues f...

(0) Former Legal & General Investment Management CEO and J.P. Morgans Former Head of Retirement Solutions for Global Asset Management Solutions Join Smart Founders and US CEO to Form Inaugural US Board of Directors NASHVILLE, TN / ACCESSWIRE / April 27, 2021 / Smart, a leading retirement technology business and one of the largest global recordkeepers with strategic investors Barclays, J.P. Morgan, Legal & General, Link Group, and Natixis, today announced its first US Board of Directors. The Boa...

Consulting firm October Three says lawyers will likely set their sights on MEPs. Multiple employer pension (MEP) plan sponsors should brace themselves as a potential target for litigation as the plans continue to emerge as a provider-based alternative to single-employer 401(k) plans, according to consulting firm October Three. In a recent article, the firm said that as MEPs begin to accumulate participants and assets, it is “inevitable that plaintiffs’ lawyers will train their sights on MEP...

Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity. Create a career that goes in the direction you choose. Get to know opportunity. The Business Join one of the fastest growing areas of our retirement business! The Retirement Service Center (also called Actuarial Service Center – ASC) is a growing group of colleagues within the North American Retirement Line of Business who focus on operational excellence and systems expertise. ...

Lawsuit: DC Plans More Vulnerable to ERISA Litigation Than DB Plans Lawyers taking aim at a company’s retirement savings plan say firms with 401(k)s should expect to be sued more than those with traditional pensions. Defined contribution (DC) retirement plans are far more susceptible to Employee Retirement Income Security Act (ERISA) lawsuits than defined benefit (DB) plans, lawyers argue in a lawsuit filed against The Wesco Distribution Inc. Retirement Savings Plan. “The potential for impr...

The 2021 Aspen Leadership Forum on Retirement Savings: Making Retirement Savings Part of an Equitable Recovery Event information Contact On April 15, 2021, the Aspen Leadership Forum on Retirement Savings is kicking off its fifth convening with a free, public dialogue on how retirement savings must be part of an equitable recovery from COVID-19. We invite policymakers, the private sector (record keepers, asset managers, plan sponsors, consultants, fintech), academia, nonprofits, and advocates ...

Opponents say the proposed legislation attempts to solve a problem that doesn’t exist. The Florida state Senate has passed a bill that would eliminate the option for nearly all new state employees to participate in a defined benefit (DB) plan, instead requiring them to join a defined contribution (DC) plan. The bill, which was sponsored by Republican Sen. Ray Rodrigues, would require new hires as of July 1, 2022, to enroll in a 401(k)-style investment plan. Employees are currently given the o...