Putnam Eyes Cracks in the Defined Contribution Arena

Garmhausen, Steve
November 2009
American Banker;11/30/2009, Vol. 174 Issue 213, p7
Trade Publication
The article reports on a 2009 announcement from Edmund Murphy 3rd, the head of defined contributions for Putnam Investments, which is a mutual fund firm located in Boston, Massachusetts. In the announcement Murphy indicated that his company is hoping that its client servicing abilities will help make its defined contribution business an industry leader.


Related Articles

  • Tax Independence. Rattiner, Jeffrey H. // Financial Planning;Jun2004, Vol. 34 Issue 6, p117 

    Gives advice to U.S. financial planners on helping self-employed clients maximize the tax benefits from their financial plans. Advantage of retirement plans to clients; Preparation that clients must do to benefit from qualified plans; Clients who would benefit from defined contribution plans;...

  • SAFEGUARDING YOUR RETIREMENT. Hopkins, Marc // Black Enterprise;Dec2008, Vol. 39 Issue 5, p48 

    The article addresses the problem of using retirement savings, increasingly practiced by many. According to the Vanguard Group, hardship withdrawals from its defined contribution plans have risen in recent years. But financial planners argue every option should be tried before retirement funds...

  • Keep connected to the real economy. Greenwood, John // Corporate Adviser;Apr2009, p5 

    The author reflects on the economic performance of the pension industry in Great Britain. He emphasizes that the industry is being presented with credit crunch issues on a daily basis, but the problems are solvable. He indicates that defined contribution pensions have been developed, while...

  • Think Outside the Style Box in DC Plans. Cornfield, Jill // Plan Advisor News;2013, p3 

    The article reports on the claim by Rob Capone, head of retirement business at investment management firm BNY Mellon, that there is a performance disparity between defined benefit (DB) and defined contribution (DC) plans, with DB in a 180-basis point lead. He added that DC plan design is the...

  • Pension Funding Ratios Higher in 2Q13. McGuinness, Kevin // Plan Advisor News;2013, p18 

    The article discusses the highlights of the "Pension Fiscal Fitness Monitor" released by the Legal & General Investment Management America (LGIMA) in 2013. Findings revealed higher funding ratios for U.S. corporate defined contribution plans in the second quarter. Also, funding ratio volatility...

  • CALCULATING A SUSTAINABLE WITHDRAWAL RATE: A COMPREHENSIVE LITERATURE REVIEW. Salter, John R.; Evensky, Harold // Journal of Personal Finance;2008, Vol. 6 Issue 4, p118 

    Current trends in retirement savings exhibit a movement away from traditional employer-sponsored defined benefit pension plans to defined contribution plans. Of great issue to retirees and financial planners is the answer to the question, "how much can be withdrawn from a retirement account...

  • Fourth quarter took toll on 401(k) balances. Jacobius, Arleen // Pensions & Investments;2/5/2001, Vol. 29 Issue 3, p35 

    Reports the enthusiasm of firms to buy stocks despite an expected drop in average balance in the United States. Implication of increased investment of participant defined contribution; Impact of using asset allocation funds; Confirmation on concentrated participant contribution in equities.

  • Company stock rule changes aren't easy to come by. Jacobius, Arleen // Pensions & Investments;8/19/2002, Vol. 30 Issue 17, p15 

    Focuses on the decision of plan sponsors on company stock in defined contribution plans. Restriction on the company sale; Offer of company stock as an investment option; Consideration on the plan structure by the plan sponsors.

  • Finance staffs taking stronger role in DC handling. Jacobius, Arleen // Pensions & Investments;7/26/1999, Vol. 27 Issue 15, p3 

    Reports on the increasing role of finance staff in handling defined contribution plans in corporations in the United States. Shared control over defined contribution plan decisions.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics