US - The City of Los Angeles Deferred Compensation/Pension Savings Plan is searching for a new investment consultant.
The $1.56bn retirement plan will close its search on November 15, and the selected consultant's contract will begin on January 1, 2002. William M Mercer is the incumbent consultant, and has been invited to reapply for the position.
The City of Los Angeles DCP is a tax deferred savings plan governed by Section 457 of the US Internal Revenue Code. For employees who are members of a Los Angeles pension plan, the DCP is a supplemental savings plan to their pension and Social Security.
By Geoffrey Ho
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
Jupiter Asset Management's Abbie Llewellyn-Waters, manager of the Jupiter Global Sustainable Equity strategy, explains why firms need to integrate ESG into their business model