Search Results for: pension plans

401(k) Retirement Accounts Substantially More Costly than Pension Plans, According to New Analysis from the National Institute on Retirement Security
Banking Investment Services News

401(k) Retirement Accounts Substantially More Costly than Pension Plans, According to New Analysis from the National Institute on Retirement Security

Fintech News Desk
by Fintech News Desk0
Economic Efficiencies Unique to Pensions Enable Plans to Deliver Retirement Benefits at Half the Cost of 401(k) Accounts, With Four-Fifths of the Cost Differential Occurring Post-Retirement A new analysis finds that defined benefit (DB) pension plans offer substantial cost advantages over 401(k)-style defined contribution (DC) accounts. A typical pension has......
Financial Health Of Largest US Corporate Pension Plans Surges To Highest Level Since Financial Crisis
Fintech News

Financial Health Of Largest US Corporate Pension Plans Surges To Highest Level Since Financial Crisis

Fintech News Desk
by Fintech News Desk0
Funded status jumped to 96%, up 8 percentage points during 2021, Willis Towers Watson analysis finds The financial health of the nation’s largest corporate defined benefit pension plans improved significantly in 2021 as strong investment returns and rising interest rates help to drive their aggregate funded status to its best......
Northern Trust Launches New Cloud-Based Insurance Accounting and Analytics Application
Banking News

Northern Trust Pension Universe Data: Canadian Pension Plans Benefit From Sharp Rebound in Global Equities During Second Quarter 2020

Fintech News Desk
by Fintech News Desk0
Strong equity performance in the second quarter of 2020 helped Canadian defined benefit plans recover most of the investment losses experienced during the initial days of the Covid-19 pandemic, according to the Northern Trust Canada Universe. Major equity markets responded favorably as economies reopened and stimulus packages gained traction, concluding......
Milliman analysis: Multiemployer pension funding at 89% in aggregate at year-end 2023
Finance Fintech News

Milliman analysis: Multiemployer pension funding at 89% in aggregate at year-end 2023

Business Wire
by Business Wire0
SFA to-date has added 6% overall to funded status of multiemployer plans Milliman, Inc., a premier global consulting and actuarial firm, today released the 2023 year-end results of its Multiemployer Pension Funding Study (MPFS), which analyzes the funded status of all multiemployer defined benefit pension plans in the United States,......
Strongpoint Partners Announces Partnership with Pension Financial Services
Finance Fintech News

Strongpoint Partners Announces Partnership with Pension Financial Services

Business Wire
by Business Wire0
With the addition of PFS, Strongpoint has 4,000+ plans under administration, clients in over 40 states, and more than $7B in total assets under administration Strongpoint Partners, a tech-enabled financial services platform focused on third-party administration of retirement plans, recordkeeping, payroll and HR solutions for SMBs, announced a new partnership......
Transformational Chief Executive of the United Nations Joint Staff Pension Fund joins Blockchain Conference
Blockchain News

Transformational Chief Executive of the United Nations Joint Staff Pension Fund joins Blockchain Conference

Fintech News Desk
by Fintech News Desk0
The Government Blockchain Association (GBA) is pleased to announce that Ms. Rosemarie McClean, Chief Executive of the Pension Administration and Assistant Secretary-General of the United Nations, will participate at the upcoming conference, The Future of Money, Governance, and the Law, on May 24-25, 2023, in Washington, DC. Ms. McClean is......
Milliman Analysis: Public Pension Funded Status Ends 2021 at 85.5%, Highest in Over Five Years
Finance News

Milliman Analysis: Public Pension Funded Status Ends 2021 at 85.5%, Highest in Over Five Years

Fintech News Desk
by Fintech News Desk0
Milliman PPFI deficit declines to $833 billion, lowest in study history Milliman, Inc., a premier global consulting and actuarial firm, released the fourth quarter (Q4) 2021 results of its Public Pension Funding Index (PPFI), which consists of the nation’s 100 largest public defined benefit pension plans. Latest Fintech Insights: BlockFi Selects......
Corporate Pensions End 2021 at 99.6% Funded, Just Shy of Full Funding
Fintech Fintech Funding News

Corporate Pensions End 2021 at 99.6% Funded, Just Shy of Full Funding

Fintech News Desk
by Fintech News Desk0
Milliman PFI records lowest funded status deficit, at $7 billion, since 2008 Milliman, Inc., a premier global consulting and actuarial firm,  released the year-end results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. In 2021, corporate pension funding improved by $183 billion for......
AVCA and PenOp Launch Inaugural Report on Pension Funds and Private Equity Investment in Nigeria
Fintech Investment Services News

AVCA and PenOp Launch Inaugural Report on Pension Funds and Private Equity Investment in Nigeria

Fintech News Desk
by Fintech News Desk0
The release of this flagship report aims to bridge the gap between these two complimentary industries by investigating and assessing the role of Nigerian pension funds in empowering local investors in Nigeria’s private equity industry The African Private Equity and Venture Capital Association (AVCA) and the Pension Fund Operators Association of......
Moody’s-Analytics-Wins-European-Pensions-Innovation-Award
Banking Fintech News Risk Management

Moody’s Analytics Wins European Pensions Innovation Award

Fintech News Desk
by Fintech News Desk0
Moody’s Analytics has won the European Pensions Innovation Award (Technology) at the 2020 European Pensions Awards. We earned this award for our PFaroe™ DB solution, used by defined benefit pension plans and their advisers to evaluate risk from a multitude of perspectives. Read More: Datasite Completes Agreement to be Acquired by......
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