It's been a busy week in employee benefits as we dig out from a Colorado snowstorm.
Here are a few industry news items that crossed our desk, offered as a public service and arranged in no particular order except how they were plucked from the editorial inbox.
We encourage you to continue to vote with your feet, so to speak, and click on articles that appeal to you in our Benefits Brokers channel, Benefits Managers channel, and Retirement Advisor channel.
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1. Casualty Actuarial Society creates institute to offer specialty credentials
The Casualty Actuarial Society (CAS) has created The CAS Institute, an organization offering new credentials and specialized professional education for quantitative professionals. Curriculum offered initially will be on advanced topics such as predictive analytics and data science.
The CAS Institute will also develop a code of conduct and guidelines for continuing professional development.
For more information, visit TheCASInstitute.org.
2. Melius offers financial education, guidance, and feedback solution
Leveraging technology for employee financial wellness, Melius aims to help employees review and assess their finances, and if necessary, make changes to their financial behavior.
Melius is a digital assessment tool that employees complete online at any time. Employees are given a score and simple and actionable recommendations on how to improve that score through goal setting, spending management, emergency savings, and debt management recommendations. They are also introduced to financial advisors and insurance carriers if they so choose.
For more information, visit GetMelius.
3. Matt Goines joins Assurance
Assurance welcomes Matt Goines to its Employee Benefits division. He will serve as an account executive out of the company's Chicago office.
To learn more, visit Assurance.
4. Tungsten Solutions offers Flex Pay
Tungsten Solutions announced Flex Pay, a solution in the payments and FinTech markets and the foundation of FlexPay wallet technology.
It includes the ability to let consumers pay for insurance from a mobile device, let PEOs have access to better pricing and a larger selection of portable insurance products, and offer TPAs the ability to streamline and optimize list bill electronically
For more information on Tungsten Solutions and Flex Pay, visit the FlexPay.IO website.
5. Bigcommerce cofounder launches PeopleSpark
Mitchell Harper, co-founder of Bigcommerce, announced a team communication platform called PeopleSpark. It offers managers feedback from their teams every week, whether they're in the same office or in different countries.
It creates a private, weekly feedback loop between managers and each individual person on their team, and it offers annual and quarterly surveys for more feedback.
PeopleSpark is available as a 14-day free trial with pricing starting from $49 per month for a team of up to 10 people. See PeopleSpark.com.
6. Michael E. Donald joins Security Mutual Life Insurance
Security Mutual Life Insurance Company of New York welcomes Michael E. Donald, CEBS, as Second Vice President, Group Underwriting. In this position, he will serve as Security Mutual's chief underwriter for the Company's workplace group insurance products, including life, accident, and disability.
To learn more, visit Security Mutual Life Insurance.
7. Heffernan Retirement Services named 2015 PLAN SPONSOR Retirement Plan Adviser Team of the Year
Heffernan Retirement Services, a division of Heffernan Insurance Brokers, has been named the 2015 Plan Sponsor Retirement Plan Adviser Team of the Year.
To be considered for the award, a retirement advisor team had to have a majority of business revenue derived from employer-sponsored retirement plans, serve as a fiduciary, be committed to fee-based compensation, and use outcome-based metrics of plan success with clients.
8. Digital Insurance buys equity stake in GoCo.io to offer technology solution
Employee benefits company Digital Insurance bought an equity stake in the tech company GoCo.io. From that partnership comes a solution marketed under the name "Simplify."
The new software platform addresses comprehensive human capital management needs, including the ability to manage employee benefits, onboarding, off-boarding, payroll, and other activities.
Digital plans to roll out this new service beginning in 2016 through its Digital Benefit Advisors (DBA) division, which has 30 offices across the country. The company expects many of its 30,000 clients to adopt this technology over the next several years.
GoCo.io, creates technology solutions that reimagine the way companies interact with their employees. To learn more, see Digital Insurance.
9. Personal Capital lowers investment minimum to $25,000
Online financial advisory service Personal Capital announced it has lowered its investment minimum to $25,000. Clients with $25,000 to $100,000 in investable assets receive access to:
Portfolios composed of ETFs that are designed to take advantage of asset location, tax loss harvesting, and disciplined rebalancing
Access to Personal Capital's full suite of financial planning services
A licensed Advisory Service Team to answer questions and advise clients on college planning, estate planning, home purchases, 401k allocation, and more
The previous minimum investment was $100,000. To learn more, see Personal Capital.
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