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TIAA enters into definitive agreement to sell TIAA Bank; Voya Financial to acquire Benefitfocus; Heffernan Retirement Services acquires Investment Solutions Group; and more.

A potential backlash on ESG investing along with confusion over DOL guidance led to a 14% drop in ESG implementation by institutional investors, including large pension and DC...

The Phoenix-based company is alleged to have breached its fiduciary duty to plan participants.

In the U.S., the gender wealth gap at retirement mirrors the global average. 

The union plan had been severely underfunded for over a year but can now meet its liabilities to nearly 400 participants.

BNY Mellon Investment Management launches active global infrastructure income ETF; FTSE Russell introduces Russell 3000 Fixed Income Index; Vanguard environmental fund now available for investment; and more.

Investment in the asset class is up 7.4% this year, an index shows, but few DC plan sponsors are offering it to participants, say industry experts.

New survey finds that a defined contribution plan is the most important benefit for attracting talent to institutions of higher education, according to plan sponsors.  

Many workers are considering downgrading their health insurance during open enrollment because of high inflation, according to the Nationwide Retirement Institute.

Allianz finds growing numbers of U.S. workers want guaranteed income options in their employer-sponsored retirement plan.

Physically demanding jobs and involuntary retirement worsen retirement insecurity, according to new research.   

Maddox Group’s Adam Belardino faces up to 45 years in prison for wire fraud and making false statements to the IRS.

A federal judge has granted in part and denied in part, the Yale University motion for summary judgement.

Comprehensive retirement reform is expected to pass this year and is intended to increase access to retirement accounts.

New data shows significant shifts in workers’ needs from last year.   

Workers expect they must accumulate higher savings amounts for retirement, according to a new report.  

Securities, investment and miscellaneous finance tend to support the Democrats, while commercial banks, finance and credit tend to support Republicans.

Hilb Group acquires employee benefits firm Allegacy Benefit Solutions; NEPC expands real assets team with real estate industry veteran; Prudential Financial announces leadership succession for U.S. and international...

Across several key workplace metrics, worker satisfaction has declined, in 2022.   

Morgan Stanley launches impact class of money market fund shares; GreenRock Wealth Management announces free professional financial planning portal; MSCI launches index for investors seeking net-zero transition progress;...