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, […]
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 […]
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, […]
