Rising rates should provide continued good news for many plans, especially those which are more heavily invested in equities, since liabilities will have fallen while assets grew modestly. The FTSE (formerly Citi) Pension Liability Index is now at its highest month-end value since January 2017. This an ideal time for plan sponsors who are in the process of an annuity purchase as they are able to capitalize on the high rates.
River and Mercantile Solutions Expands US Footprint, Adds Two Managing Directors and Opens New York Office
P-Solve (which will be rebranding to River and Mercantile Solutions on July 1) announced today the appointments of Tom Cassara and David Rosenblum as Managing Directors and members of the US Leadership Team. These hires will open an office in New York City as part of the expansion of the firm.
Flat discount rates and equity gains will result in small funded status gains for plan sponsors during May. Year-to-date plans should be ahead of where they were at the beginning of 2018 due to rising interest rates. Discount rates continue to be the driving factor in funded status changes so far in 2018.
The number of lawsuits against 401(k) plan sponsors, recordkeepers, and advisors has exploded and no 401(k) plan sponsor is immune.
The alignment of a consistent brand across the River and Mercantile Group reflects the increasing degree to which the macro thinking across the business is used to develop the investment views and advice for all the Group’s clients.
The rise in discount rates during the month will decrease liabilities for most plans. This, combined with a flat US equity market across the month, will have the majority of plans seeing an improved funded percentage.
P-Solve’s, Marc Fandetti, explains why it is wrong to compare pension fund and 401(k) performance.
With the growing number of annuity purchases taking place in the market today, it is imperative that plan sponsors understand the fiduciary implications for implementing this de-risking strategy.
P-Solve’s, Michael Clark and Marc Fandetii, will be speaking at the 2018 Retirement Industry Conference as well as 3 upcoming P&I 401(k) and 403(b) Investment Conferences.
P-Solve Insights P-Solve managing director, Ryan McGlothlin, will be speaking at this year's Enrolled Actuaries Meeting in Washington, DC on April, 09, 2018, 2:45PM - 4:00PM EST Ryan will be speaking in the investment issues session, 301 - Investment...