22 07, 2016

U.S. employers’ concern growing over workers’ retirement readiness and financial well-being

2016-07-22T20:41:51-07:00July 22nd, 2016|Categories: Retirement|Tags: , |

U.S. employers are becoming increasingly concerned over their employees’ financial well-being, and they are planning to take action to help their employees retire in a timely manner, according to a new survey by Willis Towers Watson, a leading global advisory, broking and solutions company. In response, the survey found that a growing number of employers plan to shift resources toward benefit adequacy and retirement readiness over the next two years. […]

10 02, 2015

Canada’s pension assets still overwhelmingly in DB plans

2015-02-10T22:58:50-08:00February 10th, 2015|Categories: Defined Benefit Plans|Tags: , |

Defined contribution pension plans still account for a tiny minority of all pension assets in Canada even though they have emerged as the dominant pension vehicle in the United States. A global study of pension assets by consulting firm Towers Watson shows 96 per cent of registered pension assets in Canada are held in defined benefit (DB) pension plans, while only 4 per cent are held in defined contribution (DC) plans. […]

10 09, 2014

Retirement Plan Landscape Stabilizing as Fewer Fortune 500 Companies Shifting Defined Benefit Plans to 401(k)s, Towers Watson Analysis Finds

2014-09-10T00:43:29-07:00September 10th, 2014|Categories: Retirement|Tags: , |

The retirement plan landscape is stabilizing as fewer U.S. companies last year moved from defined benefit (DB) plans to offering only a defined contribution (DC) plan to new salaried employees than in any other year over the past decade, according to a new analysis by global professional services company Towers Watson. The analysis also found that a few industry sectors — insurance and utilities — are bucking the trend from DB to DC plans. More than half the companies [...]

23 07, 2014

ESG factors gaining global exposure

2014-07-23T16:40:07-07:00July 23rd, 2014|Categories: Sustainable Investing|Tags: , , |

Institutional investors across the globe are becoming more aware of the environmental, social and governance effects both of, and on, their investment choices. What is also clear is there is no one-size-fits-all response to addressing this awareness, and some executives say the theory is not necessarily translating into practice. “We are seeing some asset owners think very clearly about what they invest in, particularly endowments and foundations and religious organizations, as these tend to be more mindful of the [...]

25 03, 2014

Pension balance sheets stronger in 2013

2014-03-25T20:22:18-07:00March 25th, 2014|Categories: Defined Benefit Plans|Tags: , , , |

If you have a pension or expect to receive one in retirement, congratulations—you’re one of a dwindling number of Americans with access to these coveted retirement benefits.  (See this from the Employee Benefit Research Institute.) Now, a new analysis by consulting firm Towers Watson contains more good news for you: The financial health of defined benefit pension plans—which took a beating during the recession—is on the mend, which makes it more likely that your employer will deliver the promised [...]

6 02, 2014

Towers Watson: Retirement assets globally jump 9.5% to a record $32 trillion

2014-02-06T21:43:50-08:00February 6th, 2014|Categories: Retirement|Tags: , , |

Retirement assets in the 13 major global markets increased 9.5% to a record $32 trillion as of Dec. 31, according to Towers Watson’s annual Global Pension Assets Study. U.S. institutional assets also reached an all-time high of $18.9 trillion, up 12% from 2012. U.S. assets make up about 59% of total global assets, up from 56%. Japan and the U.K. have the next greatest share of assets at 10% each. The 10-year average annualized growth rate of global assets [...]

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