The 401(k) plans of two companies will be part of the pooled employer plan Aon will launch Jan. 1.
Three other companies are expected to join the pooled plan in the first quarter, Aon said in a release.
The company predicts that half of U.S. employers will join pooled plans over the next decade.
The concept of pooled employer plans was created in late 2019 through the passage of the SECURE Act. The new plans become effective January 1, 2021.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
