Latest News

Illinois Teachers cuts 3 active equity managers

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Illinois Teachers terminates three equity managers.

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South Carolina Retirement System Investment Commission committed $100 million to Brookfield Real Estate Finance Fund V.
Accenture completes buyout of U.S. pension plan

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Accenture PLC purchased group annuity contracts from AIG and MassMutual to settle about $1 billion in U.S. defined benefit plan obligations.
Give Government Pension Fund Global a separate board, Norwegian panel urges

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The investment management of Norway's Government Pension Fund Global should be separated from Norges Bank, a new report recommends.
TSP modernization bill introduced in House

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Federal employees would gain more flexibility with their Thrift Savings Plan accounts under bipartisan legislation introduced Friday.
El Paso City Employees' Pension Fund puts Lazard on watch

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El Paso City Employees put Lazard Asset Management on watch.

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Giordano Lombardo, group CEO and chief investment officer of Pioneer Investments, will leave the money manager following the completion of the firm's acquisition by Amundi.
Strathclyde Pension Fund returns 23.1% for fiscal year

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Strathclyde Pension Fund returned 23.1% on its investments for the fiscal year ended March 31.
Dimensional’s Booth focused on company growth, boosting Americans’ retirement savings

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Business is booming at Dimensional Fund Advisors, which recently crossed the $500 billion under management mark.

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Courtland Partners is implementing a succession plan that expands firm ownership retroactive to Jan. 1.
Dimensional sets sights on growing its DC business

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As assets continue to flow to DC plans, Dimensional Fund Advisors is working to bolster its presence in the defined contribution market.

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Craig H. Solomon, formerly managing principal at real estate money management firm Square Mile Capital Management on July 1 will become CEO.
SEC advisory committee taps CalSTRS official as chairwoman, debates CHOICE Act

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Anne Sheehan, director of corporate governance for CalSTRS, was elected chairwoman of the Securities and Exchange Commission's Investor Advisory Committee.
Retirement readiness improves globally, but still at low level — report

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Despite a slight improvement over last year, the aggregate retirement readiness among workers in 15 countries remains at a low level.
Voya's win in 401(k) fee suit involving Financial Engines bodes well for other record keepers

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The dismissal of a lawsuit against Voya Financial for its relationship with 401(k) robo-adviser Financial Engines could be a harbinger of success for other major retirement plan record keepers locked ...