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 […]
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 […]
Brexit and US Politics: What They Say about Voters’ Views
By Randy Myers The first shocking election result in 2016 happened in the U.K., where, voters frustrated with what they viewed as unfavorable trade deals, uncontrolled immigration, and out-of-touch leadership opted by a 52-48 margin to exit the European Union (EU). Their sentiments were hardly unique, though. In the U.S., many voters voiced the […]
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 […]
Litigation: The New Reality for Defined Contribution Plans
By Randy Myers For the past decade, sponsoring or servicing a retirement savings plan has been fraught with litigation risk. It could get worse. The targeting of retirement plans by the plaintiffs’ bar began in earnest in September 2006 when the St. Louis-based law firm of Schlichter Bogard & Denton filed lawsuits against several […]
Voya Economist Sees Bond Yields Remaining Low
By Randy Myers U.S. interest rates have been holding at or near historic lows for six years now. That is a long time, but it could be longer still before they climb much higher, says Matt Toms, Chief Investment Officer, Fixed Income, for Voya Investment Management. Addressing the 2016 SVIA Fall Forum in October, […]
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 […]
Asset TV MASTERCLASS: Stable Value – October 2016
With recent money market reform going into effect, how is Stable Value affected? Watch as four top experts discuss the benefits and opportunities in Stable Value for plan sponsors. Featuring: Karl Tourville – Founding Managing Partner at Galliard Capital Management Karen Chong-Wulff – Managing Vice President, Fixed Income at ICMA-RC Warren Howe – National Director, […]