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According to the latest Pension Benefit Guaranty Corporation projection report, solvency is expected for both insurance funds.

The Texas court will re-hear the challenge to the 2022 Department of Labor rule on 401(k) plan investing, now without relying on Chevron deference.

The changes apply to annuities, Roth sources and spousal beneficiaries.

The system comes shortly after the DOL amended a rule to include Chapter 7 bankruptcies. 

Hawley to lead Nationwide Annuity; Rich takes over as CEO of Mutual of America; Holgate takes senior retirement team role at Transamerica; and more. 

State and local pension plan funded status rose 0.5% in Q2, per Wilshire.

Inherited retirement assets will be subject to different treatment depending on the recipient, starting in 2025.

IRI believes that standard data will increase the comparability and marketability of annuity products.

Workers nearing retirement and those already retired cited inflation as a primary reason why they are either delaying retirement or returning to the workforce. 

Talking with Karen Bartley of Ohio Gratings, a 2024 PLANSPONSOR of the Year.

TIAA launches AI platform to deliver lifetime income solutions and services; AllianceBernstein launches AB International Low Volatility Equity ETF; Pearl Diver Credit Co. Inc. launches initial public offering;...

The update provided examples of securities in aggregate bond indices that would be considered investment-grade fixed-income securities for SFA investments.

Human Interest considering future listing after raising $267 million in latest fundraising. 

Without the assistance, the pension fund was predicted to become insolvent in 2034.

An interim report alleges subsidiaries of conglomerates like Cigna, CVS and UnitedHealth pushed customers to more expensive medicine.

Fees for mutual funds in defined contribution plans have declined about 60% this century, according to a new ICI report, though CITs loom as an even-cheaper competitor.

Matthew Eickman joins as chief legal officer as Jason Roberts’ ERISA legal practice aims to represent the broader footprint of its services.

The new board members have expertise in cyber risk management, policy development and regulatory compliance.

Equable projected that state and local public pension plans will have an average funded status of 80.6% in 2024. 

Nine insurance industry organizations and representatives have responded to the DOL’s rebuttal of the groups’ litigation against the rule as September implementation date nears.