Dominic Broom, EMEA Head of Business Development for BNY Mellon Treasury Services, discusses a new "manufacturer-distributor" model to address transaction banking needs.
The Case for Hybrid Plans
Laurin Moore, Head of the U.S. Corporate, Government & Not-for-Profit Group for BNY Mellon Asset Servicing, discusses the unprecedented cost pressures faced by providers of retirement plans. A recent study conducted by BNY Mellon, in partnership with the independent research firm Finadium, reveals that hybrid defined benefit/defined contribution plans offer the professional management of defined benefit with the portability of defined contribution. Some type of hybrid plan may be the best solution for employers and employees if employer costs can be managed effectively.