New Chief Retirement Strategist Named at JPMAM
JPMorgan Asset Management named a former head of education savings to the post.
Latest News
25 States Bring Suit Against ESG Regulation
The DOL’s new rule on ESG, which takes effect today, is being challenged by a range of actors in a lawsuit filed last week.
What Can Annuities Gain From Secure 2.0 Act?
The law offers some minor changes, but some sections do result in increased availability and flexibility for annuities.
New DOL Rule on ESG Investing in Retirement Plans Draws Republican-Led Legal Challenge
The rule is scheduled to take effect on Monday, but 25 state attorneys general and three fossil fuel advocates are seeking an injunction to block it.
Retirement Industry People Moves
SageView adds to plan sponsor relationships team; MissionSquare Retirement hires head of consultant relations; Vestwell names regional VP for Midwestern states; and more.
Ironworker and Plasterer Pension Funds Receive SFA Assistance From PBGC
The two construction pension plans will receive more than $70 million in combined funds.
Products |
Investment Product and Service Launches
Putnam launches ETFs series; Broadridge releases ESG disclosure, data and benchmarking tool; Lincoln adds digitally available life insurance product; and more.
Armour to Step Down as Capital Group CEO, Gitlin to Take Job in October
Capital Group, which runs American Funds, made the announcement amid what the company called long-planned leadership changes.
Asset-Diversified TDFs Produce Better Retirement Results When Exposed to Alts
Retirement research highlights increased investment returns for workers in defined contribution plans through diversification, including alternative assets.
SECURE 2.0 Accidentally Dropped Catch-Ups, But Industry is On the Case
Legislators seem to have dropped a section from the final version of SECURE 2.0 that nullifies catch-up contributions in retirement plans, but an industry advocate has already called...
Benefits |
Delta Pilots Emergency Savings Program
The airline has partnered with Fidelity Investments to run a program in which enrolled workers can earn up to $1,000 to seed an emergency savings account.
MFS Investment Management Hires SECURE 2.0 Expert as Retirement Strategist
Industry research veteran Jeri Savage, previously at Goldman Sachs, joins to lead defined contribution plan efforts.
Fluor ERISA Lawsuit Dismissed
District Judge allowed one plaintiff 28 days to submit an amended complaint.
TIAA Class Action Reversal May Impose Significant Procedural Hurdle for Future Cases
The 2nd Circuit Court of Appeals’ reversal of class certification will likely make it more difficult for ERISA class action lawsuits.
$12.1 Billion Eaton Vance Institutional Funds Change Leaders
The Eaton Vance co-head for emerging markets debt and a portfolio manager for 12.1 billion of fund assets will retire.
TIAA Survey: How Life Expectancy Knowledge Influences Retirement Choices
TIAA research suggests that individuals’ knowledge of life expectancy can impact their retirement saving behavior.
Rules for Sponsor Self-Correction Broadened by Both SECURE 2.0 and DOL Proposal
The DOL made a proposal to expand the VFCP in November 2022, and SECURE 2.0 also made changes to IRS and DOL corrections programs.
Research Shows Workers’ Poor Grasp of Target-Date Funds
Plan sponsors may need to bolster participant education for how target-date funds work, according to data from MFS.
Retirement Industry People Moves
Megan Schneider named CEO of Retirement & Benefit Partners; T. Rowe adds new role to lead growing separately managed accounts business; OneDigital appoints Southeast leader as it anticipates...
How SECURE 2.0 Can Help Small Businesses
SECURE 2.0 has several provisions designed to increase retirement plan creation and participation by small businesses, in particular by offering them larger tax credits and by exempting them...