Massachusetts' Deferred Compensation Plan has dropped the Calvert Social Equity Fund from its range of investment options and replaced it with the Domini Social Equity Fund.
In addition to replacing the Calvert fund, the $3bn plan has added Wellington Management’s Active Large Cap Value Stock Portfolio to the investment options.
According to Aetna Investment Services, the plan's third party administrators, the Calvert fund's contract was coming to an end and the Domini fund was selected after a tendering process. Additionally, Wellington's Active Large Cap Value Stock Portfolio was chosen as it complements the plan's current growth option, Fidelity Growth Company Fund.
By Geoffrey Ho
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up
The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.