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 […]
Stable Value Masterclass on Asset TV
By Jane Marie Petty Four stable value industry experts recently participated in Asset TV’s Stable Value Masterclass. The panelists were James J. King, Managing Director and Client Portfolio Manager at Prudential Retirement; Warren Howe, National Director of Stable Value at MetLife; Karl Tourville, Founding Managing Partner of Galliard Capital Management; and Karen Chong-Wulff, Managing […]
A Consultant’s View on Defined Contribution Plans and Stable Value
By Randy Myers Target-date funds are capturing an increasing share of the assets in defined contribution retirement plans. But Jacob Punnoose, a Partner in Aon Hewitt Investment Consulting, says the future remains bright for stable value funds, too. Speaking at the 2016 SVIA Fall Forum, Punnoose said that even if stable value’s share of […]
Donahue Article Identifies Important Considerations in Selecting Stable Value
By Gina Mitchell An article, “Fundamental Investment Principles of DC Option Selection Prove Optimality of Stable Value,” by Paul Donahue, a proponent of stable value, was recently published in the Society of Actuaries’ Pension Section News which is “a medium for the timely exchange of ideas and information of interest to pension actuaries.” However, […]
Stable Value Assets Continue to Grow
By Randy Myers Assets in stable value funds continue to edge higher, climbing to $801 billion in the second quarter of 2016, up from $770.5 billion a year earlier. Stable value now accounts for about 11.6 percent of all assets in defined contribution plans, SVIA President Gina Mitchell announced at the opening of the […]
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 […]
Board Recognizes James King and Aruna Hobbs
By Gina Mitchell At the October 10th Board of Directors meeting both James King and Aruna Hobbs were recognized for completing six years of service on the Board. Prudential’s James King was the past Chairman of the Board of Directors for four years. During 2016, King served in an ex-officio capacity. During King’s tenure […]
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, […]
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, […]