US - Companies have been given the power to automatically enrol employees into 401(k) and defined contribution (DC) pension schemes under the terms of a ruling by secretary of labor, Elaine Chao.
The decision, part of the implementation of the Pensions Protection Act (PPA), has seen the creation of qualified default investment alternatives (QDIAs), designed to encourage greater employee sav...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
