US - Pension plan sponsors are campaigning to improve the performance of their defined contribution (DC) plans, according to a study by Greenwich Associates.
According to the study, DC plans have grown to account for 46% of pension assets among US companies with more than US$250m in plan assets and 74% of assets among companies with smaller pension funds.
The study documented the adoption of practices and structures by an increasing number of US DC plan sponsors, including automatic enrollment, smart investment options and default investments, maximising contributions, diversified investments and international exposure.
Dev Clifford, consultant, Greenwich Associates, said: "The United States now accounts for less than half of global market capitalisation.
"Individual DC plan participants should be setting targets of 20-30% of assets in international investments, and reallocating to get there.
"Plan sponsors should be helping participants to understand the importance of international diversification and organising default options such as target retirement date funds to help them reach their targets."
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.