Deals and People | September 19th, 2023 TIAA Hires, Adds New Consultant-Facing Roles TIAA hired a senior consultant executive and promoted two others internally, positioning the company to grow distribution for guaranteed lifetime...
Deals and People | September 14th, 2023 Nuveen Names James Nelson as Global Head of Public Product Nelson was appointed to replace Christopher Strickrod, who TIAA promoted earlier this year.
Products | August 18th, 2023 Spouting Rock Launches Rebranded, Independent Retirement Entity Spouting Rock Financial Partners debuted a new retirement-focused division.
Deals and People | August 18th, 2023 Retirement Industry People Moves Newly formed Collective Retirement Solutions taps Bill Higgins as MD; Ocorian promotes French to head of financial crime; Voya’s Penland...
Compliance | June 6th, 2023 Car Parts Manufacturer Magna Denied 401(k) Lawsuit Exit A federal judge in Michigan allowed the lawsuit against Magna International to go forward while denying one of the defendants’...
Compliance | May 9th, 2023 Aon, Schneider Electric Agree to $200,000 Settlement Many claims from 2020 complaint were dismissed, leaving settlement subject to final approval at a September fairness hearing.
Compliance | April 24th, 2023 Better Late Than Never: New Bill Would Permit CITs in 403(b)s A bill is planned to amend securities laws, close a SECURE 2.0 loophole and clear the way for CITs in...
Products | March 30th, 2023 Investment Product and Service Launches Breckinridge launches dividend income strategies; Eastspring offers CIT with emerging markets exposure; Nomura starts fund focused on private and public...
Ask the Experts | March 7th, 2023 Are CITs Now Permitted in 403(b) Plans? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Data and Research | February 27th, 2023 CITs and Lower-Cost Funds Drive Down 401(k) Plan Fees Investment fees paid by retirement plan participants continued to trend down, in 2022.
Data and Research | February 14th, 2023 Passive TDFs Continue Market Gains Against Active TDFs Target-date funds invested passively extended an asset winning streak over their active-suite counterparts, new research found.
Compliance | December 29th, 2022 403(b) Plans Will Continue to Act More Like 401(k)s with SECURE 2.0 Changes Plan sponsors offering 403(b) plans may be able to operate them more like 401(k)s after SECURE 2.0, according to experts.
Ask the Experts | December 13th, 2022 Is There Any Update on Using CITs in 403(b) Plans? Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Investing | September 15th, 2022 Wilmington Trust Launches CIT Onboarding Tool The tool for employer-sponsored plans seeks ‘democratization’ of the use of collective investment trusts.
Investing | June 14th, 2022 PSNC 2022: The Evolving DC Plan Investment Menu Customization and, more recently, inflation hedging are considerations for defined contribution plan investment lineups.
Investing | March 29th, 2022 Retirement Plan Governance Considerations for Collective Investment Trusts The differences between CITs and mutual funds create different fiduciary implications for plans using them, speakers at a recent webinar...
Investing | November 29th, 2021 CITs, Retirement Income Products and ESG Investing Poised for Growth Asset managers polled by Cerulli Associates reported trends they see for DC plan investments.
Compliance | September 20th, 2021 Plan Fiduciaries Can’t Escape Lawsuit Over Investment in Aon CITs Duty of prudence and prohibited transaction claims will move forward against the Centerra Group plan fiduciaries and Aon Hewitt, which...
Data and Research | August 3rd, 2021 CITs Overcoming Mutual Funds in 401(k)s Collective investment trusts are the most used investment vehicle in the largest plans and are a close second among large...
Data and Research | May 27th, 2021 Contributions to TDFs Fell As the Market Rebound Increased Assets The activity of TDFs contrasted with that of other mutual funds, while CITs increased market share of target-date strategies.