M&A Activity, Poor Service Quality Trigger Plan Sponsors to Switch Providers
When dealing with employers going through a merger or acquisition, recordkeepers need to be flexible and offer a wide range...
Tag: M&A
Benefits |
Increased M&A of U.S. Hospitals Leads to Turnover, Benefits Confusion
When a hospital goes through a merger or acquisition, health care workers must deal with salary and benefits changes, which...
Mercer to Add Vanguard’s Not-for-Profit-Focused OCIO Team
The acquisition will bolster Mercer’s OCIO investment and retirement consulting business.
USI Insurance Services Gets Equity Investment Increased
Alternative asset manager KKR is plotting an additional $1 billion investment to bolster USI’s long-term growth.
Vestwell Acquires Student Loan Benefits Firm Gradifi from Morgan Stanley
The move adds student loan related tools such as employee payment management and debt refinancing to the digital 401(k) providers...
Pensionmark Hires Curley to Oversee Compliance
A former RIA founder, Curley will manage global financial services strategy.
BlackRock Invests in Fintech 401(k) Provider Human Interest
Human Interest CEO says minority stake from BlackRock will help hiring in areas including product, engineering, and customer acquisition.
Investment Service and Product Launches
RightCapital adds SECURE 2.0 update to financial adviser planning platform; NFP Starts Human Capital Solutions Practice; and more.
Retirement Industry People Moves
OneAmerica names new CIO; Colony Group expands Boston footprint; Commonwealth Financial takes on Indiana advisory; and more.
Retirement Industry People Moves
CBCF Names Verity’s Otto Vice Chairman; Spinelli promoted to co-CIO at Halbert Hargrove; Gallagher acquires Retirement, HR Advisory Buck; and...
Retirement Industry People Moves
Northern Trust makes key fund hires; Edelman Financial Engine buys California-based retirement advisory; Prime Capital Partners with PFS to enter...
Retirement Industry People Moves
Northwestern Mutual names new CFO; Lockton has a new U.S. chief counsel; HUB keeps expanding with insurance and benefit buys;...
Aon-Willis Towers Watson Merger Proposal Called Off
In a statement, the firms say they have agreed to terminate their business combination agreement and end antitrust litigation filed...
Prudential Acquisition Aimed at Improving Participant Experience
Empower CEO Ed Murphy says the Prudential recordkeeping team has tremendous bench strength.
Empower to Acquire Prudential’s Full-Service Retirement Business
The company says it expects the acquisition to benefit retirement plan participants, and, by leveraging new capabilities from its 2020...
PE Firm to Acquire Aon’s U.S. Retirement Business
Aon says its newly revealed plan to sell its U.S. retirement business to Aquiline Partners is in part meant to...
Ascensus Leader Discusses New Private Equity Backing
Ascensus CEO David Musto says the deal is about continuing to invest in new capabilities, technology and solutions.
Two Private Equity Firms Will Purchase Wells Fargo Asset Management
The deal means that GTCR and Reverence Capital will also acquire Wells Fargo Bank’s North American-based business of serving as...
Empower to Acquire Retirement Plan Clients from Fifth Third Bank
Fifth Third’s retirement plan business for its institutional clients will now focus on its core strength of providing independent fiduciary...
MassMutual Points to Scale as Reason for Empower Deal
The recordkeeper also notes that fee compression is largely driving the ongoing industry consolidation.