Job Opening: Sr. Account Manager, Stable Value Products
At Pacific Life, you are given the opportunities and challenges to embrace your potential and achieve your personal best, every day. What you find here is something special – it’s purposeful work done with a shared set of values that brings us all together. ABOUT US: Pacific Life offers life insurance, annuities, and mutual funds, […]
Targeting Target-Date Funds
For years, the stable value industry has been trying to figure out how to have its product better represented in target-date funds, with modest results. At the 2017 SVIA Fall Forum, industry leaders talked about the challenges they’ve faced on this front and what they might do about it. “I think there are many who […]
Defense Litigator Sees Improving Legal Landscape for Stable Value Industry
The terms “good news” and “class-action lawsuits” don’t pair together very often, but for the stable value industry they have. Earlier this year, at the SVIA’s 2017 Spring Seminar in April, Mark Blocker, a partner with the law firm of Sidley Austin LLP, had cautioned that it was hard to predict how the industry would […]
Consultants See DC Plans Continuing to Improve, Creating Opportunities for Stable Value
Employer-sponsored retirement savings plans are working harder than ever for plan participants, according to a new survey by benefits administration company Alight Solutions. And that would seem to spell opportunity for stable value. Winfield Evens, director of solutions and strategy for Alight, told attendees at the SVIA’s 2017 Fall Forum that employers are using three […]
401(k) Expert Sees Big Changes Coming to Retirement Plan Industry
Fred Barstein has spent the bulk of his professional life—more than 20 years—in the retirement plan industry. Specifically, the 401(k) industry. Today, he sees that industry on the cusp of significant change. “The 401(k) world is basically upside down and needs to be totally changed,” Barstein told attendees at the 2017 SVIA Fall Forum in […]
Regulatory Environment Remains in Flux Under New Administration
Many business leaders anticipated a rollback of business regulations after President Donald Trump took office in January. While progress on that front has been mixed, it’s become clear that the new administration has slowed or halted a number of regulatory initiatives undertaken under President Barack Obama. Not all, of course. With many key posts in […]
Lobbyist Sees Regulatory Reform Moving in Mostly Right Direction, But Slowly
The Trump administration is moving in the right direction on financial regulatory reform, a lobbyist for the financial services industry says, although cautions that reform won’t happen overnight. He also warns that a possible change to the tax-deductibility of retirement plan contributions could hurt individuals. Anthony Cimino, senior vice president and head of government affairs […]
To Standardize or Not: A Stable Value Roundtable
Would a standard stable value contract be a better stable value contract? For years, plan sponsors who have shied away from stable value have attributed their caution at least in part to the product’s perceived complexity, including restrictions that relate to employer-initiated events and participant trading in competing funds. During a panel discussion at the […]
Cybersecurity Expert Offers Tips for Safeguarding Data
A seemingly unending string of high-profile data breaches over the past few years has only reinforced the notion that “cybersecurity” is an oxymoron. But Barbara Marchiori de Assis, a cybersecurity program officer with the Organization of American States, insists there are many steps people and organizations can take to safeguard their personal and business data. […]
