The movement of funds from employer-sponsored defined benefits plans is a natural result of aging baby boomers looking for ways to generate income needed as they live out their retirement years.
State Treasurer Janet Cowell, who is one of the few public pension administrators empowered to act as sole fiduciary, reported that the fund ended last year with $86 billion in assets, a rise of $8 billion for the year.
The survey looked at two groups of women, the Silent Generation, ages 67 to 80, and Generation X, ages 32 to 47, and found 93 percent of the older group was loyal to advisors when left on their own.
For the second time in little more than a week, a group decrying the cost of public pensions has launched a website listing the benefits paid to about 50,000 former state and local government employees.
Much of the growth in balances came from the stock markets, which hit records last year, with 22 percent due to employee contributions and matches from employers.
Its time for advisors to dust off a topic they havent needed to discuss with clients for quite some time: the impact of rising interest rates on investment strategy.
The ruling prompted the American Society of Pension Professionals and Actuaries to warn its members to be mindful of the ruling until the IRS clarifies its position.
DebugScreen: mobile
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"articles": [
{
"uri": "/2014/02/20/in-four-years-more-than-one-third-of-all-retiremen/",
"title": "In four years, more than one-third of all retirement assets will be in IRAs",
"byline": "Dan Berman",
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"prettyDate": "February 20, 2014",
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"summary": "The movement of funds from employer-sponsored defined benefits plans is a natural result of aging baby boomers looking for ways to generate income needed as they live out their retirement years.",
"body": null
},
{
"uri": "/2014/02/19/alternatives-gain-momentum-with-institutional-inve/",
"title": "Alternatives gain momentum with institutional investors",
"byline": "Dan Berman",
"kicker": "",
"prettyDate": "February 19, 2014",
"timeToRead": "2 minute",
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"authors": [
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],
"kickerNode": [],
"summary": "The investments reached $11 billion over 180 portfolios compared to $5 billion in 2012.",
"body": null
},
{
"uri": "/2014/02/19/north-carolina-pension-plan-gains-12-28-percent/",
"title": "North Carolina pension plan gains 12.28 percent",
"byline": " Dan Berman ",
"kicker": "",
"prettyDate": "February 19, 2014",
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"authors": [
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"summary": "State Treasurer Janet Cowell, who is one of the few public pension administrators empowered to act as sole fiduciary, reported that the fund ended last year with $86 billion in assets, a rise of $8 billion for the year.",
"body": null
},
{
"uri": "/2014/02/18/are-priests-ready-for-retirement/",
"title": "Are priests ready for retirement?",
"byline": "Dan Berman",
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"prettyDate": "February 18, 2014",
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"summary": "Catholic dioceses across the country need to make sure they have made adequate preparations for their priests to live once they retire.",
"body": null
},
{
"uri": "/2014/02/18/multinationals-eager-to-shed-db-obligations/",
"title": "Multinationals eager to shed DB obligations",
"byline": "Dan Berman",
"kicker": "",
"prettyDate": "February 18, 2014",
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"kickerNode": [],
"summary": "Just 6 percent of the 114 Fortune 500 multinational companies said they want to continue their defined benefits plans.",
"body": null
},
{
"uri": "/2014/02/14/women-of-retirement-age-stay-with-their-advisors/",
"title": "Women of retirement age stay with their advisors",
"byline": "Dan Berman",
"kicker": "",
"prettyDate": "February 14, 2014",
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"image": {
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"authors": [
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"kickerNode": [],
"summary": "The survey looked at two groups of women, the Silent Generation, ages 67 to 80, and Generation X, ages 32 to 47, and found 93 percent of the older group was loyal to advisors when left on their own.",
"body": null
},
{
"uri": "/2014/02/13/group-posts-personal-pension-info/",
"title": "Group posts personal pension info",
"byline": "Dan Berman",
"kicker": "",
"prettyDate": "February 13, 2014",
"timeToRead": "2 minute",
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"authors": [
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"summary": "For the second time in little more than a week, a group decrying the cost of public pensions has launched a website listing the benefits paid to about 50,000 former state and local government employees.",
"body": null
},
{
"uri": "/2014/02/13/average-401k-fidelity-balance-breaks-record/",
"title": "Average 401(k) Fidelity balance breaks record",
"byline": "Dan Berman",
"kicker": "",
"prettyDate": "February 13, 2014",
"timeToRead": "2 minute",
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},
"authors": [
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"summary": "Much of the growth in balances came from the stock markets, which hit records last year, with 22 percent due to employee contributions and matches from employers.",
"body": null
},
{
"uri": "/2014/02/12/janus-survey-says-interest-rate-concerns-top-all-e/",
"title": "Janus survey says interest rate concerns top all else",
"byline": "Dan Berman",
"kicker": "",
"prettyDate": "February 12, 2014",
"timeToRead": "3 minute",
"image": {
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"authors": [
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"summary": "Its time for advisors to dust off a topic they havent needed to discuss with clients for quite some time: the impact of rising interest rates on investment strategy.",
"body": null
},
{
"uri": "/2014/02/12/court-ruling-on-ira-rollovers-seen-as-game-changer/",
"title": "Court ruling on IRA rollovers seen as ‘game changer’",
"byline": "Dan Berman",
"kicker": "",
"prettyDate": "February 12, 2014",
"timeToRead": "2 minute",
"image": {
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},
"authors": [
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],
"kickerNode": [],
"summary": "The ruling prompted the American Society of Pension Professionals and Actuaries to warn its members to be mindful of the ruling until the IRS clarifies its position.",
"body": null
}
]
}
}
