Displaying 157 results
Captrust acquires RIA managing $700 million
Pacific Investment Consultants is based in Folsom, California.
Retirement plan aggregator Captrust shores up wealth management business
With $600 billion in assets under advisement, Captrust has appointed a head of wealth management to lead the growing $24 billion under management business.
BlackRock settles 401(k) lawsuit for nearly $10 million
Plaintiffs sued BlackRock Institutional Trust Co. in 2017, alleging that the firm engaged in self-dealing and breached its fiduciary duty by including numerous in-house products on the plan menu.
Bipartisan group proposes savings plan for low-income workers
The program would be modeled after the government’s Thrift Savings Plan for federal employees.
TD’s 401(k) business for RIAs soft closing April 1
The TDA Retirement Plan will be closed to new clients at the start of next month, with business instead going to Schwab’s Retirement Network for Advisors, a company spokesperson said in a statement.
Colorado chooses Empower as DC record keeper
The state's defined-contribution retirement plans have $5 billion in assets for 95,000 public employees.
The critical importance of thought leadership for RPAs
RPAs need to create or use high-quality content. Ideally, RPAs get their content published or speak at industry events. Though social media is important, we have all learned that it is not necessarily reputable.
The 401(k) industry likes emergency savings accounts. Are sponsors ready?
Eight of nine big defined-contribution record keepers either already offer emergency savings programs or are planning to, according to a Commonwealth report. Two — Prudential and Voya — provide those services as an in-plan option.
Hartford rejects Chubb’s $23 billion takeover proposal
The response puts pressure on Chubb CEO Evan Greenberg to sweeten the offer as he seeks to beef up Chubb with Hartford's small-business coverage, fund manager and employee benefits unit.
ICMA-RC is changing name to MissionSquare
The Washington firm manages retirement plans for public workers.
Chubb explores acquiring $22 billion rival Hartford
Hartford has long been considered a potential takeover candidate for the biggest insurers in the U.S., and Chubb could reap considerable cost savings from a deal.
Allianz Life appoints Jasmine Jirele president and CEO
The insurance company's chief growth officer succeeds Walter White, who will retire at year-end.
Will Fuller named president and CEO of Transamerica
Fuller, who had been executive vice president of Lincoln Group, succeeds Mark Mullin, who becomes board chairman.
Voya to serve as record keeper for two new PEPs
Unison Risk Advisors and TAG Advisors are launching pooled employer plans.
Insured Retirement Institute wants more worker access to plans, annuities
Annuities are an answer to one of the most vexing worries that Americans face – outliving their money in retirement, IRI leaders said. But a critic countered that the products need to come with more investor protections.
Voya adds emergency savings accounts
The out-of-plan solution can be added to workplace offerings.
AIG is seeing interest in life and retirement business
The company said that year that it would separate the life and retirement unit from its sprawling property-casualty operation, furthering the dismantling of the insurance giant.
DeNoyior named head of Hub’s wealth management business
The former CEO of Washington Financial Group succeeds the late David Reich in the role of national president of Hub Retirement and Private Wealth.
NFP acquires retirement consultant
The Insurance broker is buying Cleveland, Ohio-based Pension Solutions Inc., parent of AdviseMe National Advisors, which advises on about $1.1 billion in assets for 150 retirement plans.
Captrust acquires $800 million plan adviser
Pittsburgh-based PWA Wealth Management was founded in 2003 and advises individuals, small business owners and institutional clients.
