Compliance | March 27th, 2015 PBGC Revising Reportable Events Forms The PBGC is requesting that OMB extend approval of collections of information about certain reportable events until final rules can...
Compliance | March 26th, 2015 IRS Extends Closed DB Nondiscrimination Relief The IRS says proposed permanent amendments to nondiscrimination regulations can be anticipated.
Administration | March 25th, 2015 Rising PBGC Premiums Drive Increase in PRT Activity Mercer attributes the rise in pension risk transfer activity to PBGC premium increases.
Data and Research | March 25th, 2015 ICI Measures Retirement Assets at $24.7 Trillion Total U.S. retirement assets grew 6% during 2014, according to the Investment Company Institute.
Data and Research | March 18th, 2015 Retirement Plan Assets Reach $21.5 Trillion Public sector retirement plan assets have exceeded $4 trillion for the first time, according to a Spectrem market report.
Compliance | March 12th, 2015 Retirement Income Gap Projected at $7.7T According to the Pension Rights Center, the nation faces an almost $8 trillion shortfall in retirement income.
Deals and People | March 12th, 2015 ASPPA Becomes the American Retirement Association The American Society of Pension Professionals and Actuaries has rebranded as the American Retirement Association.
Benefits | March 11th, 2015 Failing Multiemployer Plans Face More Reduced Benefits PBGC multiemployer plan benefit guarantees will cover a smaller share of benefits in future plan failures, a study shows.
Investing | March 10th, 2015 Regulations Increased Confidence in Derivatives Investors say central clearing has reduced systemic risk in the derivatives market, and there is an increasing interest in futures.
Deals and People | March 6th, 2015 Prudential Names New Pension Risk Transfer Head Scott Kaplan is replacing Dylan Tyson, who is taking on a new role at Prudential of Korea.
Data and Research | March 5th, 2015 Pension Buyout Sales See 120% Increase 2014 pension buyout sales reached $8.5 billion.
Investing | March 4th, 2015 Considering 'Plan Age' Can Build Better LDI Plan participant age metrics can be a critical factor in setting liability-driven investing strategies, according to Nuveen Asset Management.
Administration | March 4th, 2015 State-Sponsored Pensions Reach 80% Funded Status Wilshire Consulting also reported that corporate pensions reached a 77.2% funding ratio in February.
Administration | March 3rd, 2015 February Pension Funding Boost Offsets January Declines The funded status of U.S. corporate pension plans increased by 5.1% in February, the best month for gains since January...
Data and Research | March 3rd, 2015 Largest Pensions Troubled By Longer Lifespans The United States’ 19 largest pension funds hold roughly 40% of the nation’s pension obligations, according to Russell Investments, so...
Compliance | February 27th, 2015 Lack of Notice Leads to Double Payment of Pension An employer’s failure to notify employees that their pension assets were transferred to another plan resulted in a court ruling...
Data and Research | February 27th, 2015 Majority of Catholic Dioceses Plan to Freeze Pensions Eighty percent of Catholic dioceses offer lay employees a 403(b) plan, while 15% offer a 401(k).
Compliance | February 26th, 2015 GAO Finds Lump-Sum Information Materials Deficient The GAO recommends that the Department of Labor require defined benefit plan sponsors to notify the agency when they offer...
Administration | February 24th, 2015 Factors Still Ripe for Choosing Pension Risk Transfer The market is poised for accelerated defined benefit pension plan risk transfer activity, according to speakers featured in a Mercer...
Administration | February 23rd, 2015 Kimberly-Clark Divides Pension Obligations Between Insurers An independent fiduciary decided a transaction split between Prudential and MassMutual was the safest available annuity structure to provide retiree...