Deals and People | January 12th, 2024 Retirement Industry People Moves NFP names Greene president of benefits unit; CFP Board appoints Boersen as chair; Carter joins Sanctuary Wealth; and more.
Data and Research | December 7th, 2023 How Higher Interest Rates Are Changing Focus of Fully Funded Pension Funds Many corporate pension fund leaders are re-evaluating their liability-driven managers and allocations.
Benefits | November 29th, 2023 JP Morgan Retirement Plan Sued for Restoration of Future Pension Payments A pension participant in Florida is suing after his benefits were allegedly reduced.
Benefits | November 20th, 2023 Analysts Agree IBM Pension Thaw Benefits Both Participants and Plan Sponsor IBM’s decision to unfreeze its pension is a ‘strong endorsement’ of plan sponsors operating parallel defined contribution and defined benefit...
Benefits | November 3rd, 2023 IBM Plans to End 5% Employer Matching in 401(k) Plan The American multinational technology company is pulling its traditional 401(k) company match in favor of a company retirement account contribution...
Benefits | October 26th, 2023 Despite Savings Shortfall for Public Sector Workers, Automatic Options Yet to Catch On Research from the MissionSquare Research Institute shows that with defined benefit pensions not providing enough for full retirement, plan design...
Compliance | October 24th, 2023 NYC Pension Funds Argue ESG Lawsuit Hinges on ‘Legal Errors’ Parties continue to argue about the plaintiffs’ standing as three New York City public-employee pension funds seek to have the...
Benefits | October 16th, 2023 Is It Time for an ERISA Reboot? Many industry experts believe there is a need for an ‘ERISA 2.0’ that includes a stronger framework for universal coverage,...
Administration | October 6th, 2023 Complaints Filed Against 5 Companies to Collect Money Owed to 2 Teamsters Pension Trust Funds Lawyers for the plaintiff, a third-party administrator, alleged identical claims against each defendant.
Data and Research | October 4th, 2023 Market Conditions Continue to Fuel Pension Risk Transfers The majority of plan sponsors with the goal of mitigating pension plan risks are looking to fully divest their company’s...
Compliance | September 28th, 2023 Plaintiffs File Dueling Motion in NYC Pension Funds ESG Lawsuit Plaintiffs seek to add former U.S. Labor Secretary Eugene Scalia to their legal team.
Compliance | September 22nd, 2023 Pension Plans of Kellogg, Kohler, FedEx Sued for Outdated Calculations A law firm has sued four defined pension plans over the last six weeks alleging fiduciaries violated ERISA and shortchanged...
Deals and People | September 18th, 2023 Voya Keeps Building Government Markets Team With Rehire A former strategic relationship manager at Voya has rejoined the New York City asset manager and recordkeeper.
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 21st, 2023 Former Director Sues Howard University Pension Plan The former director of academic information resources at Howard University has sued the higher education institution, employees’ pension plan and...
Deals and People | August 11th, 2023 Retirement Industry People Moves Principal names Goosay managing director of global fixed income; Voya Financial Promotes Thompson; RPAG appoints head of business development; and...
Compliance | August 10th, 2023 NYC Pensions Seek Dismissal of ESG Lawsuit Attorneys for the funds argue in their motion that the complaint is ‘wasting the court’s time.’
Deals and People | August 1st, 2023 Northern Trust Promotes Bob Parise to Head of North America Institutional Unit Parise had been the asset manager’s practice lead for public retirement funds and Taft-Hartley DC plan business.
Deals and People | July 21st, 2023 Retirement Industry People Moves CalPERS names Teykaerts executive director; SageView hires Sarah Parker as plan consultant; SWBC Retirement brings on new investment adviser; and...
Data and Research | June 12th, 2023 Retirement Plan Access Deficit Could Cost Fed, States $1.3 Trillion The lack of access for private sector workers to a retirement savings plan is likely to cost the federal government...