Plan Sponsors Doubt Employee Retirement Readiness at Unprecedented Levels
Retirement savers’ confidence is up, but their employers do not have the same faith.
Tag: BlackRock
About One-Quarter of Plan Sponsors Ponder Pivot to Private Assets, per BlackRock
The asset manager’s survey was conducted before the executive order encouraging the inclusion of such investments in defined contribution plans.
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Voya Financial Adds Lifetime Income Product
According to the retirement investment company, the move meets the evolving needs of plan sponsors and participants.
BlackRock’s Fink: Private Assets Could Raise Retirement Funds by 14.5%
In his annual chairman’s letter, Larry Fink wrote about the benefits of infrastructure investment in an attempt to ‘cut through...
American Airlines Failed to Protect Workers’ 401(k)s in ESG Case, Federal Court Finds
A district court in Texas ruled in favor of a class action complaint alleging that the airline and its benefits...
Gen Zers Most Confident About Retirement, but Still Worry About Outliving Savings
For the third consecutive year, BlackRock’s survey finds at least 60% of respondents from all generations say they are worried...
TDF Lawsuit Against Black & Decker Advances
A Connecticut federal judge rejected the plan sponsor’s motion to dismiss, so the ERISA fiduciary breach case involving BlackRock TDFs...
Judge Denies American Airlines’ Bid for Summary Judgment in ESG Lawsuit
The trial is confirmed to begin Monday, June 24, in Texas federal court.
Retirement Industry People Moves
Empower hires Boston broadcaster to new role and appoints head of retirement plans segment; alternatives asset manager hires Samantha DeZur;...
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Product & Service Launches
State Street Global Advisors launches IncomeWise solution; BlackRock expands active ETF platform with 2 ETFs; Vanguard reopens actively managed funds...
Retirement Industry People Moves
Ameritas announces senior vice president of retirement plans; Aon appoints Reese as next CFO; Ascensus restructures sales team; and more.
BlackRock’s Retirement Head Ackerley Moving to Adviser Role
A global restructuring started earlier this year will see the head of the firm’s retirement group move into an advisory...
Vanguard Group Appoints New CEO
Former head of BlackRock’s ETF division to take over CEO role at the Pennsylvania firm.
Benefits |
Behind the Decision: Why Avangrid Added BlackRock LifePath Paycheck to Its 401(k)
Connecticut-based energy company Avangrid is among the first plan sponsors to implement BlackRock’s LifePath Paycheck.
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BlackRock’s LifePath Paycheck Now Live for DC Plans
Fourteen plan sponsors have already signed on to offer the guaranteed income product, which functions like a target-date fund, to...
Benefits |
BlackRock CEO Says Concept of Retirement Has to Change
Annual letter to investors says, "Humanity has changed over the past 120 years. So must our conception of retirement."
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BlackRock Prepares LifePath Paycheck to Address In-Plan Retirement Income
The retirement income solution functions like a target-date fund, embedding the option to annuitize a portion of a participant’s assets...
Target-Date Assets Reach Record High $3.5 Trillion in 2023
Fees continued to fall, performance rallied and assets grew, according to Sway Research.
How TDF Managers Are Reacting to High-Interest-Rate, Inflationary Environment
Asset managers at Vanguard, BlackRock and T. Rowe Price express varying views on how equities and bonds should be allocated...
State Street, BlackRock Subpoenaed by House, Asked to Produce ESG Communications
House Republicans identify Net Zero initiatives as potentially collusive and unlawful.