Defined contribution record keepers continued to focus on financial wellness, cybersecurity and digital engagement in 2018 — a year in which assets under administration rose nearly 8%.
ESG integration is on the rise in the U.S., with climate change, gender diversity and weapons capturing significant investor attention.
University of Houston System committed or invested $57.5 million total with six managers on behalf of its $572 million endowment.
DC plan executives and record keepers view "gamification" as way to drive employee engagement and financial literacy.
The Chicago teachers pension fund prohibited investments in private prison companies and businesses that operate immigration child detention centers.
Forty-three percent of U.S. asset owners have incorporated ESG factors into their investment decisions, up from 37% in 2017.
DC providers are adding and refining data tools to help plan executives and consultants access and analyze participant data.
Non-profit groups As You Sow and CODEPINK are offering a tool to help investors track weapons exposure in mutual funds.
Ben E. Keith Co. hired Empower Retirement as provider of its new 401(k) plan and existing profit-sharing plan.
Elizabeth Burton was named chief investment officer of the $16.5 billion Hawaii Employees' Retirement System, Honolulu, effective Oct. 1.
Ascensus is acquiring third-party administration firm Continental Benefits Group.
Mikaylee O'Connor was named leader of RVK's defined contribution solutions group.
DC managers see another year of double-digit gains in target-date assets under management.
Jasmine Richards was named senior investment director, manager diversity, at Cambridge Associates.
Participants in small-business retirement plans contributed, on average, 7.1% of their salary to their company's retirement plan in 2017, up from 6.9% in 2016.
Kent Custer was named chief investment officer of the $2.1 billion Dallas Police & Fire Pension System.
Building off momentum from 2017, environmental and social proposals again dominate the 2018 proxy season among U.S. corporations.
Workers contributed an average of 8.3% of their salaries to employer-sponsored 401(k)s in 2017, a 10-year high and up from 8% in 2016.
Next year could be a very active year for national retirement legislation.
Hedge fund manager Davidson Kempner Capital Management has terminated its relationship with the Kentucky Retirement Systems.
Limited plan committee time and resources as well as litigation concerns are increasing appetites for OCIO services from DC plan sponsors.
Eighty-four percent of asset owners globally are pursuing or considering ESG investing, a new survey from Morgan Stanley found.
Netflix investors, again, passed shareholder proposals calling for proxy access and the elimination of supermajority voting provisions.
Institutional investors are urging oil and gas companies and banks to refrain from developments in the Arctic National Wildlife Refuge.
Longevity risk is the biggest concern for 42% of DC plan executives, a T. Rowe Price survey found.