Archive of: Retirement

Title Issue

Corporate pension funded status declines despite market gains

Corporate pension funds lost $6 billion in value during February, according to the latest update to the Milliman 100 Pension Funding Index, which consists of 100 of the nation's largest defined benefit pension plans.

The plans experienced asset increases of $15 billion and liability increases of $21 billion. The decline follows two consecutive months of improvement.

March 2011

Investors losing faith in their financial services firms

Despite a U.S. economic recovery from the depths of the financial crisis, nearly half of individual investors trusted financial services companies less in 2010 than the previous year. 

Edelman's second annual Trust in U.S. Financial Services Survey found that of the 46 percent of respondents whose trust levels declined, most (57 percent) cited financial services companies "acting in a greedy manner" and 18 percent maintained that the "industry itself has made the problems worse."  Individual Investors are those with household incomes of at least $50,000 and that have at least $10,000 of investable assets.

March 2011

People on the Move

T. Gary Connett has been chosen to lead Panagiotu Pension Advisors Inc.'s  PPA Law Group. He has more than 25 years of experience providing legal, wealth transfer, and estate planning counsel to large corporations, family businesses and individual clients. Connett most recently was a principal with McGavick Graves P.S.

Jennifer Virant has joined Panagiotu Pension Advisors Inc. as an administrator. She has six years of experience providing administrative services to retirement plans.

March 2011

Stocks may be up, but fears remain

Even though the stock market conditions have improved, the memory of past turmoil continues to haunt many investors and some believe the roller coaster ride isn't over yet.

"There are so many people that have had their portfolio scarred the last couple of years in the market," said Mathew Dailey of Financial Advocates. "Even if their portfolio wasn't scarred they were psychologically scarred."

February 2011

LKA now in FAST lane

LKA International Inc. has been approved by The Depository Trust Co. for Fast Automated Securities Transfer.

FAST enables shareholders to hold their shares in electronic form and permits transfer agents to register the company's securities in the name of the DTC nominee rather than canceling and issuing paper certificates for the DTC position.

February 2011

Corporate pensions begin 2011 with improvement in funded status

The nation's 100 largest defined benefit pension plans recorded asset increases of $6 billion and liability decreases of $35 billion during January, according to the Milliman 100 Pension Funding Index.

The $41 billion increase in pension funded status was the second consecutive month of positive performance. For the last 12 months, these pensions experienced a $15 billion improvement in funded status, compared to a deficit increase of $49 billion for calendar year 2010.

February 2011

Funded status of corporate pensions slips $22B

The nation's 100 largest defined benefit pension plans experienced asset decreases of $8 billion and liability increases of $14 billion during November.

The result, according to Milliman Inc.'s  latest Pension Funding Index, is a $22 billion decrease in pension funded status for the month.

December 2010

Employees starting to think long-term again

Employees are more focused than ever on long-term financial planning, according to the latest research from Financial Finesse Reports.

During the third quarter, more than 25 percent of calls into the company's Financial Helpline were related to retirement planning and, in total, more than 60 percent of employee interactions involved discussions surrounding long-term planning issues.

December 2010

Paying for health care top retirement fear

As Americans grapple with impacts of recent election results, pending legislation and economic recovery on their futures, one thing is certain: they remain fearful of not being able to pay for health care costs during retirement.

A survey conducted by by Opinion Research Corp. for financial services firm Edward Jones shows nearly a quarter (23 percent) of Americans said not being able to pay for health care costs in retirement was their top fear.

December 2010

Around the Sound

Information about how to keep savings and investments safe will be available during free presentations at Pierce County Library System. Participants will learn techniques to safely and wisely select investments for their portfolio in today's challenging economic times. Sessions are scheduled for 11 a.m. to noon Nov. 23 at South Hill Pierce County Library, 15420 Meridian East; 11 a.m. to noon Dec. 9 at Sumner Pierce County Library, 1116 Fryar Ave.; and 11 a.m. to noon Dec. 16 at Parkland/Spanaway Pierce County Library, 13718 Pacific Ave. South. Registration required. Click here for more information.

The Providence Centralia Health Care Foundation will host its 22nd annual Festival of Trees, A Red Carpet Christmas, Nov. 23-27 at the Great Wolf Lodge. Festival of Trees is the Foundation's largest fund-raising event for Providence Centralia Hospital. More than $1.9 million has been raised during the past 22 years. For tickets or more information, call (360) 807-7940.

November 2010
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