Compliance May 7, 2015

IRS to Present Webinar Discussing ACA

The IRS will host a presentation enhancing awareness and understanding about how the ACA affects employers and providers of minimum essential coverage in 2015.
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The Internal Revenue Service (IRS) announced a webinar discussing employer shared responsibility and the Patient Protection and Affordable Care Act (ACA)-required information reporting by employers and providers of minimum essential coverage.

The “IRS Affordable Care Act Virtual Presentation: Employer Shared Responsibility and Information Reporting” will be held Monday, May 18,  from 11 a.m. to 12:30 p.m. EST. Registration for the event is available here.

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The webinar will be streamed through WebInterpoint. Computer speakers or headphones are required to listen to the streaming audio, and listeners should complete the system check before the event begins.

ACA information resources will be presented to attendees, and there will be a live Q&A period with IRS presenters about the ACA tax provisions.

Products May 7, 2015

Transamerica Adopts PFaroe Risk Analytics

Retirement plan solutions provider Transamerica is integrating RiskFirst’s pension risk analytics platform.
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Transamerica Retirement Solutions has adopted RiskFirst’s real-time analytics and reporting platform, PFaroe, for use in coordination with plan sponsor clients and its advisory partners.

RiskFirst’s PFaroe solution allows Transamerica clients to monitor and review defined benefit (DB) plan funding positions on a daily basis. It also allows advisers and sponsors to work together to do deep dives into DB plan risk—including value-at-risk (VaR) interrogation, what-if analysis, and stress-testing against historic market events.

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Transamerica hopes the partnership will bring clients a better understanding of risk exposure and more effective implementation of investment strategies. The ability to monitor and react quickly to changes in DB plans’ funded statuses is especially pertinent for Transamerica, the firm says, given the large number of sponsor clients seeking to reduce risk their programs through dynamic asset allocation or glide-path strategies.

PFaroe also allows Transamerica to offer accurate, daily valuations at a much more affordable price than previously possible, which the company believes will provide “a number of new business opportunities.”

Matthew Seymour, managing director at RiskFirst, adds that in the past, these services would only have been available from the highest-end investment advisory firms and at a significant cost. Using PFaroe, advisers and their sponsor clients get a more affordable but equally powerful approach, RiskFirst says.

The firm has created similar arrangements with retirement and investment services providers, including Nuveen Asset Management, Northern Trust and Callan Associates, among others, since evolving from PensionFirst to RiskFirst last year.   

For more information please go to www.riskfirst.com. 

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