The update provided examples of securities in aggregate bond indices that would be considered investment-grade fixed-income securities for SFA investments.
Nine insurance industry organizations and representatives have responded to the DOL’s rebuttal of the groups’ litigation against the rule as September implementation date nears.
Challengers of the rule that allows environmental, social and governance factors to be considered in investment decisions cited the overturning of Chevron.
Following a federal court order in Pennsylvania, the Pension Benefit Guaranty Corporation is nearer to forcing a bankrupt construction company pension plan to pay more than $1 million...
General Electric Co. has been sued by former participants represented by law firm Schlichter Bogard LLP after completing a pension risk transfer with Athene in 2020.