Retirement Plans
Malaysia's EPF reported first-quarter investment gains of almost $5 billion but portfolio assets fell amid early withdrawals.
Ian Patrick, CIO of $62.2 billion Sunsuper, will retain that role after Sunsuper merges with $93 billion QSuper in September.
The New York State Senate passed a bill to create a mandatory auto-IRA program for private-sector firms that don't offer a retirement plan.
Aon agreed to sell its U.S. retirement consulting business to Aquiline and its Aon Retiree Health Exchange to Alight.
Record keepers are working with plan sponsors to prompt participants to replenish their savings after taking COVID-related distributions.
The U.K.'s Pensions Regulator called on trustees and employers to focus on long-term planning and risk management.
UniSuper tapped a "member growth" executive as CEO, weeks after signaling it will accept participants outside its higher education focus.
Helen Rowell, Australia's top regulator for superannuation funds, called for continued and more efficient industry consolidation.
Managers warned returns could be "muted" as elevated share prices suggest it will be harder for super funds to meet lofty return targets.
Analysts call counting on employees to play a starring role in reforms aimed at avoiding retirement savings shortfalls overly ambitious.
