Data and Research | July 12th, 2024 Gen Zers Most Confident About Retirement, but Still Worry About Outliving Savings For the third consecutive year, BlackRock’s survey finds at least 60% of respondents from all generations say they are worried...
Compliance | July 9th, 2024 TDF Lawsuit Against Black & Decker Advances A Connecticut federal judge rejected the plan sponsor’s motion to dismiss, so the ERISA fiduciary breach case involving BlackRock TDFs...
Compliance | June 21st, 2024 Judge Denies American Airlines’ Bid for Summary Judgment in ESG Lawsuit The trial is confirmed to begin Monday, June 24, in Texas federal court.
Deals and People | June 21st, 2024 Retirement Industry People Moves Empower hires Boston broadcaster to new role and appoints head of retirement plans segment; alternatives asset manager hires Samantha DeZur;...
Products | June 20th, 2024 Product & Service Launches State Street Global Advisors launches IncomeWise solution; BlackRock expands active ETF platform with 2 ETFs; Vanguard reopens actively managed funds...
Deals and People | June 7th, 2024 Retirement Industry People Moves Ameritas announces senior vice president of retirement plans; Aon appoints Reese as next CFO; Ascensus restructures sales team; and more.
Deals and People | May 15th, 2024 BlackRock’s Retirement Head Ackerley Moving to Adviser Role A global restructuring started earlier this year will see the head of the firm’s retirement group move into an advisory...
Deals and People | May 15th, 2024 Vanguard Group Appoints New CEO Former head of BlackRock’s ETF division to take over CEO role at the Pennsylvania firm.
Benefits | April 24th, 2024 Behind the Decision: Why Avangrid Added BlackRock LifePath Paycheck to Its 401(k) Connecticut-based energy company Avangrid is among the first plan sponsors to implement BlackRock’s LifePath Paycheck.
Products | April 24th, 2024 BlackRock’s LifePath Paycheck Now Live for DC Plans Fourteen plan sponsors have already signed on to offer the guaranteed income product, which functions like a target-date fund, to...
Benefits | March 26th, 2024 BlackRock CEO Says Concept of Retirement Has to Change Annual letter to investors says, "Humanity has changed over the past 120 years. So must our conception of retirement."
Products | February 28th, 2024 BlackRock Prepares LifePath Paycheck to Address In-Plan Retirement Income The retirement income solution functions like a target-date fund, embedding the option to annuitize a portion of a participant’s assets...
Data and Research | February 14th, 2024 Target-Date Assets Reach Record High $3.5 Trillion in 2023 Fees continued to fall, performance rallied and assets grew, according to Sway Research.
Investing | January 5th, 2024 How TDF Managers Are Reacting to High-Interest-Rate, Inflationary Environment Asset managers at Vanguard, BlackRock and T. Rowe Price express varying views on how equities and bonds should be allocated...
Compliance | December 18th, 2023 State Street, BlackRock Subpoenaed by House, Asked to Produce ESG Communications House Republicans identify Net Zero initiatives as potentially collusive and unlawful.
Benefits | September 22nd, 2023 Workers’ Retirement Savings Are Boosted By Access to Savings Tools BlackRock and Human Interest found that the lack of access to a retirement plan is a ‘crucial’ factor to preventing...
Deals and People | September 5th, 2023 Principal, Mercer Hire New CIOs Principal Asset Management appointed a CIO and global head of equities and Mercer named a leader for its US outsourced...
Compliance | August 31st, 2023 Former American Airlines Pilot Doubles Down on ESG Complaint The plaintiff responds to an American Airlines motion to dismiss by alleging he was, in fact, defaulted into ESG-related funds...
Deals and People | August 25th, 2023 Retirement Industry People Moves Turning Technology hires former head of iShares; Principal selects Dessouki as chief marketing officer; and Puerto joins J.P. Morgan Private...
Compliance | August 15th, 2023 ERISA Case Against Cisco Over BlackRock TDFs Dismissed A judge dismissed a complaint against the retirement plan committee for Cisco, marking the fifth dismissal of similar lawsuits.