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...
Tag: BlackRock
State Street, BlackRock Subpoenaed by House, Asked to Produce ESG Communications
House Republicans identify Net Zero initiatives as potentially collusive and unlawful.
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Workers’ Retirement Savings Are Boosted By Access to Savings Tools
BlackRock and Human Interest found that the lack of access to a retirement plan is a ‘crucial’ factor to preventing...
Principal, Mercer Hire New CIOs
Principal Asset Management appointed a CIO and global head of equities and Mercer named a leader for its US outsourced...
Former American Airlines Pilot Doubles Down on ESG Complaint
The plaintiff responds to an American Airlines motion to dismiss by alleging he was, in fact, defaulted into ESG-related funds...
Retirement Industry People Moves
Turning Technology hires former head of iShares; Principal selects Dessouki as chief marketing officer; and Puerto joins J.P. Morgan Private...
ERISA Case Against Cisco Over BlackRock TDFs Dismissed
A judge dismissed a complaint against the retirement plan committee for Cisco, marking the fifth dismissal of similar lawsuits.
Workplace Savers Feel ‘Off Track’ to Retire, Seek Sources of Guaranteed Income
Increased market volatility, high inflation, fears of a recession and a lack of retirement income were cited as contributing factors...
American Funds Led Target-Date Funds Inflows in Q2
While American Funds experienced inflows several firms saw net outflows from their funds in the quarter, according to Simfund.
Emergency Savings Serve as Buffer To Protect Retirement Assets
For low-income households, having at least $1,000 in emergency savings can prevent them taking hardship withdrawals from their retirement savings,...
ERISA Lawsuit Against Advance Publications Dismissed, Pending Amended Complaint
A federal judge dismissed all counts in the suit brought by a former 401(k) plan participant, but the plaintiff may...
Judge Dismisses TDF Complaint Against Microsoft
Microsoft has been spared one of a string of lawsuits against plan sponsors over putting retirement savers in a BlackRock...
BlackRock Invests in Fintech 401(k) Provider Human Interest
Human Interest CEO says minority stake from BlackRock will help hiring in areas including product, engineering, and customer acquisition.
ERISA Suits Against Capital One and Booz Allen Hamilton Dismissed
The attorney for the plaintiffs says they will likely amend their lawsuits and re-submit after dismissal in U.S. District Court.
Rising ERISA Litigation and the Importance of Section 104 Disclosure
Defense and plaintiff attorneys offer strikingly different accounts of the systemic issues haunting the ERISA litigation space.
Promoting ESG Strategy and More Uniform Regulation Are Focus of Georgetown Panel
Speakers emphasized the distinctions between ESG and sustainable investments and the need for greater regulatory clarity between jurisdictions.
GOP Attorneys General Raise Fiduciary, Antitrust Concerns in Letter to BlackRock
August 4 letter to CEO Larry Fink seeks ‘clarification on actions that appear to have been motivated by interests other...
Florida’s DeSantis Joins Other GOP Pols in Opposing ‘Woke Capital’
Governor moves to bar the State Board of Administration from adopting ESG-investing tenets.
Investing for the Future Improves Sense of Financial Well-Being
BlackRock says easy-to-use investment solutions could help alleviate both financial and emotional barriers to saving and investing for the long...