BNY Mellon Asset Servicing has again been reappointed by TD Waterhouse Bank in the Netherlands as global custodian to assets valued at €5.2 billion. TD Waterhouse went through a thorough selection process involving seven providers before the bank chose to retain BNY Mellon as its global custodian, as it has for the past five years. […]
The retirement years are expected to be less golden for some Americans, according to results from the 18th annual Retirement Confidence Survey. It reveals that only 18% of workers are “very confident about having enough money for retirement”—an 18-point drop from last year and the biggest one-year drop in the history of the survey. And […]
The International Monetary Fund’s (IMF) 2008 Global Financial Stability Report warns that the fallout from the global financial crisis will be severe and losses related to the crisis could top US$945 billion. In the report, released April 9, the IMF notes that the “current turmoil is more than simply a liquidity event, reflecting deep-seated balance […]
Looking for loyal employees? Trying to attract new workers? If so, you may want to optimize your benefits plan. According to the 6th annual MetLife Study of Employee Benefits Trends, 45% of employees say benefits were a contributing factor to their decisions to stay with their current employer, up from 33% a year ago. Also, […]
JPMorgan’s client base south of the equator is heating up. The firm will now be providing custody and asset administration services to Cavali, Peru’s Central Securities Depository. “We selected JPMorgan due to its strong commitment, experience and focus in Latin America,” says Francis Stenning, president and CEO of Cavali. “JPMorgan’s modern technology and online reporting […]
When do you want to retire? What level of income will you need? How do you feel toward investment risk? How do you select from the spectrum of funds available to meet your goal? These questions require answers in order to be properly financially prepared for retirement and plan sponsors admit that plan members are […]
The dates of birthdays, anniversaries and their Social Security number are among the numbers that are most important to Americans, reveals the ING Retirement Number Study. But, just because the balance of their chequebook or their yearly retirement contribution isn’t most important to them, doesn’t mean they aren’t thinking about those other numbers too. The […]
Consumer-directed health plans (CDHP) are on the rise in the United States—and more employees are using them. According to a Watson Wyatt survey of 453 large U.S. companies, 47% currently offer a CDHP and 15% of employees are enrolled in these programs. It’s a sharp increase from just two years ago when only 33% of […]
With employers shifting away from defined benefit (DB) plans to more cost-effective defined contribution (DC) plans new employees may not have as much at retirement. However, many employers are doing what they can to compensate for the loss. According to Watson Wyatt, 40% of the 300 large employers surveyed have switched to a DC plan […]
Social media tools, such as blogs, forums and wikis are becoming the newest trend in employee communication. According to Watson Wyatt, these tools have started to allow companies to communicate with employees in more effective ways—mass emails just aren’t cutting it anymore. “When properly rolled out, social media tools can help companies meet their number […]