Stable Value Providers See Opportunity in Growing 529 Plan Market
Assets in 529 college savings plans more than doubled over the past 10 years to $471 billion, including an estimated $12 billion in stable value funds. Given that robust growth trend—and recent legislation expanding how 529 accounts can be used—industry experts suggest both numbers will continue to climb in the years ahead.
The Retirement Tier: Developing an Investment Menu Targeted at Retirees
Defined contribution plans have focused for decades on helping American workers save money for retirement. Now they’re scrambling to help workers figure out how to manage and spend down their savings once they do retire. The ABA Retirement Funds, a not-for-profit organization that sponsors a retirement program for law firms and other organizations in the legal community, is pioneering a novel approach to this new challenge. It centers around the creation of a special tier of investment options for participants in or near retirement.Â
Stable Value Providers See Growth Path Despite Interest Rate Challenges
The stable value industry faces a challenging interest rate environment but still has many opportunities for growth. Stable value providers envision greater use of the asset class in college savings plans and in products designed to generate retirement income.
Job Posting: Senior Fund Manager
Join a great place to work with MissionSquare Retirement, a FINANCIAL SERVICES LEADER in public sector employee retirement products and services. Headquartered in Washington, DC, MissionSquare Retirement was founded to provide portable retirement benefits for city and county managers, enabling accumulated retirement assets to be transferred between employers. Today, MissionSquare Retirement serves more than 1.5 […]
