DiNapoli seeks to increase the state Common Retirement Fund’s sustainable investments to $20 billion. The post New York Comptroller Aims to Double Pension Plan’s ESG Funding appeared first on Chief Investment Officer.
With backers worth $10 trillion, the group includes the Washington State Investment Board and the New York Common Retirement Fund.
The post Large Investor Coalition Pressures ESG Disclosure on 700 Companies appeared first on Chief Investment Officer.
Starting next January, employers can give their workers tax-deferred funds to go shopping for a health plan, thanks to individual coverage health reimbursement arrangements.
The post Regulators Finalize New HRA Rule appeared first on PLANSPONSOR.
Rea & Associates adds new plan audit services director; Ascensus acquires TPA firm for FuturePlan platform; and Ameritas adds series of vice president positions.
The post Retirement Industry People Moves appeared first on PLANSPONSOR.
CalPERS is stepping up its ESG investment program, despite evidence that funds based only on environmental, social and corporate governance strategies have tended to underperform. The big pension system, an early ESG leader, is half-way through a five-year plan that includes getting companies to report and reduce climate-changing carbon emissions and using ESG factors to […]
The growing landscape of decumulation solutions includes in-plan insurance products, managed payout funds, managed accounts, out-of-plan annuity windows and more.
The post PSNC 2019: What Comes Next With Retirement Income appeared first on PLANSPONSOR.
Trillions of dollars in Treasurys are set to flood the US investment landscape over the next five years, setting up a reckoning in one of the world's biggest markets.
Additional funding will be needed when the Federal Reserve starts to shrink its balance sheet in the next couple years, which will drive Treasury supply, according to Bank of America Merrill Lynch.
Even in a best-case…
A self-professed “ERISA nerd” looks beyond the rules and regulations to ask what plan sponsors can do to promote genuine engagement in the participant population.
The post PSNC 2019: From Engagement to Action appeared first on PLANSPONSOR.
The firm says plan sponsors in the smaller end of the market are underserved, and believes the expansion will lead to better fiduciary options and resources.
The post HANYS Benefit Services to Expand Towards Smaller Market appeared first on PLANSPONSOR.
Despite market volatility, few participants in defined contribution (DC) plans served by Vanguard made one or more portfolio trades during the year, and 96% of all assets available for distribution due to a separation of service were preserved in a retirement savings account.
The post Vanguard Finds Positive Savings Behaviors by DC Plan Participants appeared first on PLANSPONSOR.
Wisconsin Deferred Compensation Program, Madison, will add the Dodge & Cox Income Fund as an investment option, said Shelly Schueller, director of the deferred compensation program, in an email.The $5.2 billion 457 plan's board voted to add the fund at its meeting Thursday. The board had conducted a shortlist search for an intermediate-term bond fund to complement the program's existing…
Advocates call it ‘the most positive legislative action for all TRS members’ in quarter century.
The post Texas Teachers’ Approves First Contribution Rate Increase in 25 Years appeared first on Chief Investment Officer.
The central objective of the Statement 84, Fiduciary Activities, is to enhance the consistency and comparability of fiduciary activity reporting by state and local governments.
The post GASB Issues Implementation Guide on Fiduciary Activities appeared first on PLANSPONSOR.
Significant strides expected to decelerate climate change consequences as major oil, gas companies join accord.
The post CalSTRS Teams Up with Pope Francis on Climate Action appeared first on Chief Investment Officer.
Cincinnati Financial Corp., Fairfield, Ohio, added two domestic equity investment options to the fund lineup of its 401(k) plan in 2018, the company disclosed in an 11-K filing with the SEC on Thursday.
The plan added the Wells Fargo Special Small Cap Value Fund and Wells Fargo Special Mid Cap Value Fund, which had $9 million and $7 million, respectively, in assets in the plan as of Dec. 31 and…