Displaying 163 results
OneDigital hires CIO from Carson Group
Saumen Chattopadhyay fills a role that had been vacant since former OneDigital CIO Jamie Battmer left the company in March.
The sky’s the limit for an adviser dedicated to working with airline pilots
Bob Warner's focus on airline pilots is a model for how niche practices can develop and thrive. His $15 billion RIA has been building relationships with pre-retired pilots for more than two decades.
CI Financial acquires $3.4 billion Ohio-based RIA
The addition of Budros Ruhlin & Roe will give the Toronto-based aggregator a total of $74 billion in U.S. wealth management assets.
Apollo-backed Athene wins $4.9 billion Lockheed pension deal
Athene will provide benefits to about 18,000 participants in Lockheed’s pension plan. The deal follows a 2018 agreement between the two companies in which Athene assumed $800 million in obligations tied to around 9,000 retirees and beneficiaries of the aerospace giant’s pension plan.
Texas pension fraud case highlights cybersecurity risks
A man was sentenced for helping steal nearly $1 million from participants in the Employees Retirement System of Texas, a development that occurs as the DOL is ramping up efforts to boost cybersecurity in retirement plans.
Pension funds talk green but hold billions in polluter stocks
The 10 largest public pension funds devote about 9% of their combined equity holdings to 20 high-carbon emitting companies, according to Bloomberg Intelligence.
Ever hear of a ‘lay fiduciary’? There are 17.5 million of them
Group says nonprofessional plan fiduciaries who oversee assets in pension plans, foundations, endowments and trusts often don’t understand their responsibilities
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.
Three in four Americans say pension plans should be available to all
Defined-contribution plans like 401(k)s have all but replaced pension plans, although many plan providers and insurance companies are aiming to make the former more like the latter. The latest step has been to include guaranteed income options in 401(k)s, a development that will soon be tested in the market.
Principal, MetLife assume a $1.2 billion pension obligation
Retirees in the pension plan of Philips North America will receive the same monthly benefit.
Bond-based public program would save retirement, Ric Edelman says
The RISE accounts Edelman is proposing would be funded initially by $5,884, and people would be able to begin receiving retirement income checks starting at age 70.
New York slaps AIG with $12 million penalty over pension risk transfers
Regulators say the insurance company’s American General Life subsidiary operated in the state without a license, undertaking four large-scale pension risk transfers and bidding on others.
Retirement bill offers glimmer of hope
There’s a lot in the bill for pre-retirees, company sponsors and retirees, but the changes proposed for retirees jumped out at me
DOL posts record financial recoveries for benefits plans
More than $3 billion was returned in fiscal 2020 through investigations, voluntary corrections and other programs, according to the agency
Collapse of three-legged stool threatens retirement security
The worsening outlook will likely trigger 401(k), Social Security reform
Why is ESG used most in retirement plans? It’s not performance
Institutional investors use environmental, social and governance factors to align with stakeholders, according to a report by Callan
Private fund group lobbies to get products in 401(k)s
The Institute for Portfolio Alternatives says lawmakers are receptive to its diversification pitch
Pru is one contender for MassMutual’s retirement business
There's considerable overlap in the types of defined-contribution plans the two companies serve, particularly in the Taft-Hartley, government and nonprofit areas
DOL encourages use of private equity funds in retirement plans
Investor advocates warn high-risk, high-fee investments could harm savers
Public pensions see worst quarter since credit crisis
State and local government pension plans lost about 13% during the first quarter
