Investors Seeking Better Performance Are Driving ESG Investing
Concerns about climate change and natural disasters are spurring fresh interest in environmental, social and governance investing.
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With Pandemic Lessons Learned, Institutional Investors Gear Up for 2022
The first year of the pandemic was defined by a flight to safety, while 2021 brought a risk-on stance and strong returns for many institutions.
Court Denies Summary Judgment for Lawsuit Against ESOP Fiduciaries
The judge found that while the plaintiff might have released all his claims with a separation agreement, the lawsuit was filed on behalf of the plan and the...
Retirement Industry People Moves
Transamerica selects large market retirement sales leader, while TRA completes third acquisition of 2021.
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Investment Product and Service Launches
State Street launches new retirement income strategy, while Federated Hermes launches two new ETFs.
Student Loan Repayment Freeze Extended Until May
The Department of Education says the extension will allow the Biden administration time to assess the impacts of the Omicron coronavirus variant on student borrowers and provide borrowers...
PBGC Greenlights Funds for First Special Assistance Application
The first approved application is from a multiemployer pension plan that was projected to become insolvent by 2022.
Plaintiffs Try Again in Prudential ERISA Lawsuit
The new amended complaint seeks to provide more detail about 14 different investment options allegedly offered in the plan and which the plaintiffs say should have been removed...
Dismissal Motion Fails in Natixis ERISA Lawsuit
The lawsuit, now cleared for discovery, claims that a proclivity for proprietary mutual funds has cost plan participants millions of dollars in excess fees.
DOL Clarifies Stance on Private Equity Investments in DC Plans
The supplemental statement refines its June 2020 information letter on including private equity investments in participant-directed retirement savings plans.
Equity in Employee Benefits Communications
Tips to ensure benefits communications reach all employees.
Benefits |
Improving Equity in Employee Health Benefits
Employers can take steps to ensure all employees are able to experience the same level of care.
Benefits |
Improving Equity in Financial Benefits
Retirement plan design changes can help close some equity gaps, but plan sponsors should first address differences in overall financial health among their employee demographics.
Report Suggests Ways to Improve Retirement Readiness
Greater support from plan sponsors and lawmakers is needed to bolster individuals’ retirement readiness in the wake of the COVID-19 pandemic’s impact on retirement security.
Nokia of America Among Latest Targets of ERISA Excessive Fee Suits
The lawsuit against the company claims that, in some cases, expense ratios for the plan’s funds were 364% above the median.
Retirement Industry People Moves
Hub International makes new acquisition; Carillon Tower Advisers names head of sustainable investing and corporate responsibility; K&L Gates adds employee benefits partner; and more.
‘Historically Tight’ Labor Market Stresses Employers
Job openings are at record highs, fast food and retail outfits are offering hiring bonuses, and large corporations from retail to banking have substantially raised their minimum wages.
Measuring DC Plan Success Requires Going Beyond Common Metrics
Greater engagement and education from plan sponsors and recordkeepers are key, but they need more information from participants about employee retirement readiness to form a clearer picture.
Lawsuit Claims Voya Impermissibly Favored Its Own TDFs in DC Plan
Participants in Voya’s defined contribution retirement plan suggest certain funds were not selected and retained for the plan as the result of an impartial or otherwise prudent process.
Retirement Income Solutions Have Slowly Progressed in 2021
Despite employers, plan participants, retirees and near-retirees showing greater interest in lifetime income options, adoption by plan sponsors has remained muted.