June 18, 2015

BNY Mellon Investment Management Launches Planet DC Magazine

Magazine will offer insight and best practice guidance to DC Plan Sponsors and Advisors

Planet DC magazine cover

NEW YORK, June 18, 2015 – BNY Mellon Investment Management, the world’s largest multi-boutique asset manager with $1.7 trillion1 in assets under management, today launched Planet DCSM , a print and digital magazine (www.bnymellon.com/planetdc) for plan sponsors and advisors focused on delivering a secure retirement to Defined Contribution (DC) plan participants.

In response to the growing need to encourage Americans to save more for their retirement, and help them maintain wealth over the course of longer life expectancies, the magazine’s goal is to help reframe the conversations among advisors and plan sponsors to help set participants on a more secure course.

“In a perfect world, most Americans would like to retire on their own schedule, with enough money to live comfortably and the ability to leave a family legacy once they are gone. Unfortunately, that’s not a reality for many today. The move from Defined Benefit to Defined Contribution has transferred the responsibility for choosing and managing retirement planning to individuals who are not investment experts,” says Michael Gordon, Head of Retirement for BNY Mellon Investment Management.

Statistics from the Employee Benefit Research Institute (EBRI) 2014 Retirement Confidence Survey back this up with 24 percent of workers not at all confident of having enough money for a comfortable retirement, and only 37 percent somewhat confident.2

“At BNY Mellon, we strive to develop solutions and technologies that can better position individuals to reach their targeted retirement goals and enjoy a dignified retirement,” added Gordon.

According to Mark Browne, Head of Institutional and Retirement Marketing, “Planet DC is a collaboration of new perspectives and best practices to help retirement plan advisors, consultants and plan sponsors navigate the evolving world of defined contribution plans.” The launch issue of Planet DC focuses on optimization strategies for DC plans, the growing role of financial wellness as part of in-plan education, reassessing the plan’s fixed income line-up to reduce risk, and insight on the Department of Labor’s (DOL) latest Fiduciary Proposal.

BNY Mellon Investment Management is one of America’s leading pension managers with combined Defined Benefit and Defined Contribution AUM in the U.S. of $274 billion. BNY Mellon Investment Management has a distinct advantage in applying the institutional best practices it has developed for its large-scale Defined Benefit clients over many years to its Defined Contribution clients.

“Our goal is to provide the investment expertise, product solutions, services, and tools integral to achieving targeted outcomes for plan sponsors, retirement plan advisors, participants and individual investors. The launch of Planet DC is one more initiative to support our clients and partners in this effort,” added Browne.

To view Planet DC, visit www.bnymellon.com/planetdc. For more information about BNY Mellon Retirement, visit www.bnymellon.com/retirement.

BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.7 trillion in assets under management. It encompasses BNY Mellon’s affiliated investment management firms, wealth management services and global distribution companies. More information can be found at www.bnymellon.com.

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of March 31, 2015, BNY Mellon had $28.5 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.

All information source BNY Mellon as of March 31, 2015. This press release is qualified for issuance in the US only and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Investment Management to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. A BNY Mellon Company.

1As at March 31, 2015

2] Ruth Helman, Greenwald & Associates; and Nevin Adams, J.D., Craig Copeland, Ph.D., and Jack VanDerhei, Ph.D., EBRI “The 2014 Retirement Confidence Survey: Confidence Rebounds—for Those With Retirement Plans EBRI Issue Brief, no. 397 (Employee Benefit Research Institute, March 2014).




Melissa Cassar
+1 212 635 6038

Mike Dunn
+1 212 635 8176