Stable Value and Millennials
by John Barrasso Let’s take a short quiz. Which group is more likely to consider a money market fund the best choice for their retirement nest egg? A. Retirees or near retirees B. Millionaires C. Millennials D. Managers of money market funds If you answered C, congratulations. You’re either an astute contrarian, or someone who’s […]
Stable Times Volume 20 Issue 2
Download PDF The biannual publication of the Stable Value Investment Association that covers both industry concerns and association activities. Table of contents: Stable Value Assets Continue to Grow Brexit and US Politics: What They Say about Voters’ Views Board Recognizes James King and Aruna Hobbs Voya Economist Sees Bond Yields Remaining Low Association Elects Three […]
Association Elects Three to Board of Directors
By Gina Mitchell On October 10th at SVIA’s Board of Directors meeting, voting members elected three individuals to the Board of Directors. They were UTC’s Joseph Fazzino to a plan sponsor seat, Metropolitan Life’s Thomas Schuster and New York Life Investment Management’s Cindy Cristello to the two open service firm seats. The three will […]
Health Savings Accounts: Next Generation Retirement Savings Vehicles?
By Randy Myers Could a savings account designed to cover medical costs actually be a good way to enhance retirement savings? In some ways, and under some circumstances, yes. Health savings accounts, or HSAs, are tax-advantaged savings vehicles created to help people who are enrolled in high-deductible healthcare plans pay for out-of-pocket medical expenses. […]
Defined Contribution Plans Evolving as Traditional Pensions Disappear
By Randy Myers As traditional defined benefit pension plans continue to disappear around the world, the defined contribution plan market in the U.S. continues to evolve—with important implications for the stable value industry. Speaking at the 2016 SVIA Fall Forum, Stacy Schaus, Executive Vice President and Defined Contribution Practice Leader for investment manager PIMCO, […]
How New DOL Fiduciary Rule May Impact Stable Value Industry
By Randy Myers A new fiduciary rule handed down by the U.S. Department of Labor (DOL) earlier this year will impact a wide range of constituents in the retirement industry, including the issuers of stable value contracts, according to industry experts who addressed the 2016 SVIA Fall Forum in Washington, D.C., in October. Unveiled […]
States Look to Close Retirement Plan Coverage Gap
By Randy Myers In a country where defined contribution plans have become the most common way to save for retirement in the workplace, many Americans are being left behind. According to a study by the Pew Charitable Trusts, about 40 percent of full-time private sector workers in the U.S. do not have access to […]
Wharton Professor David Babbel Finds More Reasons to Like Stable Value
By Randy Myers David Babbel, Professor of Finance and Professor Emeritus of Business Economics and Public Policy at the University of Pennsylvania’s Wharton School, has been a fan of stable value for the past decade. He has written several papers on the asset class since 2007, the first sponsored by the SVIA and the […]
Saving and Investing for Retirement: Surprising Mistakes People Make
By Randy Myers Everybody knows where Americans go wrong in saving and investing for retirement. They start too late. They save too little. They invest too conservatively—or too aggressively. They borrow from their retirement accounts. True enough. But as personal finance writer Martha Hamilton, now a Senior Editor at the International Consortium of Investigative […]