Wells Fargo Economist Sees US Consumer Spending in Seventh Inning of Rebound
The U.S. still hasn’t recovered fully from the Great Recession of 2008-2009, but it’s getting closer. Jay Bryson, managing director and global economist for Wells Fargo, told participants at the 2013 SVIA Fall Forum that he foresees real U.S. gross domestic product growing by about 2.5 percent in 2014 and 2.75 percent in 2015. That […]
How United Technologies Revamped its 401(k) Plan
Plenty of employers offer 401(k) plans because it seems like a good idea. Maybe the competition does it. Maybe employees like them. Perhaps the boss wants one. United Technologies Corp., a global manufacturer that generated $57.7 billion in revenue in 2012, has bigger ambitions for its 401(k). As Kevin Hanney, the company’s director of defined […]
Paradigm Shift: Changing Demographics Bode Well for Stable Value
The stable value industry has benefitted from data showing that stable value funds historically have generated higher returns than their chief competitors, money market funds. It’s a good marketing pitch, and an especially potent one right now, as money market returns have hovered near zero percent for the past four years. But Michael Davis, head […]
Survey Offers Clues to Broader Adoption of Stable Value Funds
Stable value funds are a core component of the defined contribution plan marketplace. Addressing the 2013 SVIA Fall Forum, Robin Andrus, director of stable value marketing for Prudential Retirement, noted that stable value funds are offered by about half of all defined contribution plans, and represent about 20 percent of the total assets in those […]
Stable Times Volume 17 Issue 2
Download PDF The biannual publication of the Stable Value Investment Association that covers both industry concerns and association activities. Table of contents: Transforming Tomorrow: Awakening the Super Saver [PDF] Dodd Describes His Work on Signature Bill as Once-in-a-Lifetime Opportunity [PDF] Stable Value Seen Outperforming Other Fixed-Income Sectors in Rising Rate Environment [PDF] Stable Value: Challenges and Opportunities [PDF] The […]
Survey Shows Consistent Allocation to Stable Value Over 20 Quarters
The SVIA Stable Value Funds Quarterly Characteristics Survey just hit a milestone. The survey, which covers the synthetic portfolios of 23 stable value managers, now has 20 quarters under its belt. It was first run covering the fourth quarter of 2008 and now covers all the way to the third quarter of 2013. The survey […]
Transforming Tomorrow: Awakening the Super Saver
Stig Nybo has spent most of his career promoting best practices for qualified retirement plans, but his commitment to that task took a more personal and passionate turn about four years ago. The catalyst was an incident that occurred during a simple walk through a parking lot with his two young sons. En route to […]
Dodd Describes His Work on Signature Bill as Once-in-a-Lifetime Opportunity
Groundbreaking legislation generally springs from extraordinary circumstances. In the case of the far-reaching Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the extraordinary circumstance was the worst financial crisis since the Great Depression, a debacle that cost the U.S. trillions of dollars, millions of jobs, millions of homes lost to foreclosure, and the […]
Stable Value: Challenges and Opportunities
By almost any objective measure, the stable value industry is doing well. From 2000 through 2012, assets in stable value funds increased significantly to an all-time high of $701 billion.[1] This represents about 14 percent of the $5.1 trillion of assets in defined contribution plans at the end of that period. Stable value wrap capacity, […]
