GLOBALES: Betterment adds Labor department, BlackRock experts to 401(k) plan board
 Inicio > Internacionales | Publicado el Viernes, 19 de Mayo del 2017
GLOBALES: Betterment adds Labor department, BlackRock experts to 401(k) plan board


Reuters / NEW YORK Robo-adviser Betterment, in a push to try to get more big companies to sign on to its 401(k) plan, beefed up the board of advisers of its retirement product on Friday by adding two leaders in the movement for cutting investment costs for companies and employees.

The digital financial services company added former U.S. Labor Department retirement policy expert Judy Mares and former BlackRock consultant Laraine McKinnon to the board of Betterment for Business, its 401(k) division.

Betterment for Business, which uses algorithms to digitally manage participants' retirement plans, has reportedly attracted around 300 mostly small businesses to its platform, as well as some high-profile start-ups like Casper, the online mattress company, and Boxed, a New York-based wholesaler.

In February, Betterment added Google's director of global benefits John Casey to the board of Betterment for Business.

Mares and McKinnon have both worked with Fortune 500 companies on investment and retirement plan management, and their presence on the board will likely help Betterment's bid to be taken seriously as a big plan provider.

Mares worked in the Labor Department's Employee Benefits Security Administration as the deputy assistant secretary for policy from 2013 to January 2017 helping to develop the fiduciary rule, which requires financial advisers to put their retirement clients interests first.

Before joining the Labor Department, Mares served as the chief investment officer at General Mills, Ameritech and Alliant Techsystems.

McKinnon spent over 20 years at BlackRock, most recently helping big companies and states to analyze data about their retirement plans and participants to cut costs and increase investor returns.

McKinnon said she thinks Betterment could be a good tool for companies to reduce "hard and soft costs" of plan management.

"I think they can become a provider of choice in the institutional market," McKinnon said.



(Reporting By Elizabeth Dilts; Editing by David Gregorio)

GLOBALES: Betterment adds Labor department, BlackRock experts to 401(k) plan board

Con Información de Reuters

http://entornointeligente.com/articulo/9996976/GLOBALES-Betterment-adds-Labor-department-BlackRock-experts-to-401k-plan-board-19052017/

Síguenos en Twitter @entornoi

Para mas información visite: Mundinews.com








Otras noticias de interés
Destacadas

Francisco Javier Velasquez VENEZUELA: Maduro nacionalizará a 10.000 colombianos
Francisco Velasquez Vinotinto Femenino con goleada histórica contra Bolivia en Copa América
Escuela Juana Sujo presenta "La Soberbia Milagrosa"  en la Sala Cabrujas de Los Palos Grandes
Victor Gill Ramirez <span style='display:none'>Porfiria Roberto Pocaterra Venezuela Rodgers//</span>
 Luis Szarán en el Foro Mundial Skoll de Emprendedurismo Social
Mejore la productividad de sus colaboradores con la movilidad laboral
Detallistas estaciones TOTAL  son reconocidos y premiados por sus logros
Francisco Velasquez <span style='display:none'>Roberto Pocaterra Venezuela Trevino//</span>
 Este viernes 13 habrá feria de empleo en Luque
Tomas Gonzalez Lacava reapareció en redes sociales luego de semanas de misterioso silencio
Tomas Gonzalez TSJ desde Bogotá dictó orden de captura contra Nicolás Maduro a Interpol
Fundación Yammine entregó donativos a 4 escuelas de fútbol
Elías Matta: Hay que abrir la industria petrolera al sector privado
Francisco Javier Velasquez #VidaFit 7 alimentos que te ayudarán a perder grasa abdominal

Mundo Oriental / Jesús Rincón EL TIGRE. Romel Roque, jefe del Distrito Sanitario Nº 5, informó que el pasado fin de semana, el hampa incursionó en las oficinas pertenecientes a ese...


Union Radio / WASHINGTON.- El vicepresidente estadounidense, Mike Pence, aseguró hoy que en su participación en la Cumbre de las Américas de Perú trabajará “estrechamente con los aliados de Latinoamérica para...


Union Radio / LA HAYA.- La Organización para la Prohibición de Armas Químicas (OPAQ) informó que ha pedido a Siria que “haga los arreglos necesarios” para el despliegue de un equipo...


Union Radio / CARACAS.- El presidente de la Casa Arturo Uslar Pietri, Antonio Ecarri , afirmó que está de acuerdo con la dolarización del país para comenzar a desmontar el sistema...

ATENCION: TODOS LOS CONTENIDOS PUBLICADOS EN ESTE SITE SON PROPIEDAD DE SUS RESPECTIVOS DUENOS, ENTORNOINTELIGENTE NO SE HACE RESPONSABLE POR LOS CONTENIDOS DE TERCEROS. CADA NOTICIA ESTA ASOCIADA AL MEDIO DE ORIGEN.
LOS AVISOS DE GOOGLE SON PROPIEDAD DE GOOGLE Y EN NINGUN MOMENTO GUARDAN RELACION CON LA LINEA EDITORIAL DEL PORTAL ENTORNOINTELIGENTE.COM