Managed Accounts Are Underutilized as Retirement Plan Defaults: Towers Watson
Managed accounts are allowed as a qualified default investment alternative in retirement plans, but they face significant challenges preventing them from overtaking target-date funds.
Time to Jog: John Hancock Offers Discount for Good Behavior
John Hancock Life Insurance will discount premiums for policy holders who track and perform well on metrics like flu shots and daily exercise.
New Hire Roundup: Marc Seidner Joins PIMCO as Managing Director
Also, BlackRock has named Chip Castille chief retirement strategist, a new position.
Does the World Have Too Many Active Managers?
Only a “small subset of the active managers and the hedge funds are useful to society,” Towers Watson's new think tank says.
Financial Planning and Hiking on Half Dome
Reflections on a challenging Yosemite hike.
Rob Arnott Blasts ‘Smart Beta’ Imitators
Research Affiliates founder Rob Arnott jumps into the fray on the true meaning of smart beta, a term he views as "overused" and "ill-defined."
Smaller Asset Management Firms Can Have Big Brands
Just ask PIMCO: smaller firms that “punch above their weight” can leverage their brand better than larger firms that have lost momentum, consultancy Landor says.
Talent Management Top HR Priority at Financial Services Firms
Nearly half of respondents in Towers Watson poll said identifying and developing talent was the top focus of their HR division over the next year.
New Hire Roundup: Mercer Investments Adds 4
Also in personnel moves, Cathy Clauson joins AssetMark, and Tonnie Wybensinger joins the Financial Services Roundtable.
On Smart Beta, Smart Skeptics
While many institutions and advisors have put money into smart-beta vehicles, there are as many asset managers and industry observers who are skeptical, to put it mildly, of smart-beta proponents’ claims.