UK - The City of Elizabeth New Jersey has renewed its contract with CitiStreet's Retirement Services Division for its 457(b) retirement plan.
The plan currently has approximately $35m in assets. City of Elizabeth employees can choose to invest in either annuities or mutual funds through the CitiStreet plan, and they can elect to receive investment advice through the CHART Program, an investment advisory service offered by CitiStreet RSD.
Businesses are experiencing auto-enrolment data error rates of up to 50%, posing questions over the reliability of pension records, Pensionsync says.
A nationwide survey of committee and local pension board members of the Local Government Pension Scheme has revealed high levels of confidence in all areas of their responsibility.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.