The Employee Benefit Research Institute announced Thursday that its president and chief executive, Lori Lucas, plans to retire at the end of this year.
Prior to joining EBRI as president and CEO in 2018, Lucas had been involved with the nonprofit research group since 1999, serving in roles including research chair and vice chair.
An EBRI statement credits Lucas with positioning the group for the future by making sure its research agenda matched current topics of importance in the field of employee benefits and by redesigning EBRI’s membership structure in a way that allowed it to connect with new companies and industries.
“A hallmark of EBRI has always been its one-of-a-kind empirical databases,” said Joshua Cohen, chair of EBRI’s Board of Trustees. “Lori built on that existing infrastructure and guided the team to develop new databases, ultimately giving us a more comprehensive view of workplace wellness."
Lucas is involved in the search for her successor, and following her retirement, she will serve as EBRI’s CEO emeritus.
“I told the team that this isn’t goodbye, just the start of a new chapter for EBRI and for me, personally,” Lucas said in the statement. “It has been a great honor to lead this mission-focused organization, to build relationships with our members, and to have the opportunity to work alongside a team of professionals whose expertise, dedication and work product is truly unparalleled.”
Prior to joining EBRI in 2018, Lucas served as executive vice president at Callan Associates, a benefits consulting company, and as director of retirement research at Hewitt Associates.
While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.