Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Putnam's Reynolds: Retirement Mandates Now, Please Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, August 2, 2013

Putnam's Reynolds: Retirement Mandates Now, Please

News summary by MFWire's editors

BlackRock's Larry Fink recently called for mandated retirement savings and now Robert Reynolds, president and chief executive of Putnam Investments [profile], is raising the issue again.

As quoted by InvestmentNews reporter Mark Scheoff Jr., Reynolds said the U.S. should go "full-auto, auto-enrollment, auto-re-enrollment annually, auto-escalation to higher deferrals plus automatic default to qualified target date or balanced funds…" in a speech at the National Press Club.

It's a statement Reynolds has made throughout the years, Scheoff writes. The question is, will his statements hit home in Washington? Scheoff reports that a mandate faces strong opposition from Republicans, who aren't eager to ask anything of business owners after the passage of Obamacare.

Reynolds recently launched a think tank, the Putnam Institute to study retirement issues, and make an impact on the conversation on 401(k)s, presumably in the media and in DC.

To read more, click here

Edited by: Casey Quinlan


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use