Unum adds managed retirement fund to 401(k) plan, pairs it with withdrawal options
June 18, 2021 03:10:43 PMUnum Group added a managed retirement fund to its 401(k) plan and paired it with automatic withdrawal options.
TA Associates takes ‘significant minority' stake in Apex
June 18, 2021 02:20:12 PMTA Associates acquired a "significant minority" stake in Apex Group, a global financial services firm.
Washington State Investment Board allocates $1.25 billion to alts
June 18, 2021 01:47:03 PMHouse passes ESG disclosure bill
June 18, 2021 01:35:58 PMLegislation requiring public companies to disclose ESG metrics was narrowly approved by the House, but its prospects are uncertain in the Senate.
University of Michigan slates up to $35 million
June 18, 2021 12:21:44 PMChemed alters 401(k) lineup with new asset allocation fund
June 18, 2021 12:07:27 PMOld Dominion changes large-cap equity funds in 401(k) lineup
June 18, 2021 11:13:35 AMCommentary: Fixed income – the allocator’s dilemma
June 18, 2021 07:00:00 AMIn a world of historically low interest rates, what place do sovereign bonds have in a portfolio?
New Maine law requires state pension fund to divest fossil-fuel companies
June 17, 2021 06:30:36 PMMaine's governor signed a law that would require the Maine Public Employees Retirement System to divest holdings in fossil-fuel companies.
Judge rules Metlife suit over underpaid pension payments can proceed
June 17, 2021 03:10:27 PMA federal judge rejected a petition by MetLife to dismiss a lawsuit by retirees who contend they were shortchanged in their pensions.
ING Financial changes international equity, fixed-income options in 401(k) plan
June 17, 2021 01:58:38 PMPianos, personal space help Brookfield lure staff back to office
June 17, 2021 12:50:11 PMCanadian investment giant Brookfield Asset Management is bucking the trend when it comes to hybrid work in a post-pandemic world.
Marks & Spencer turns to Northern Trust for ESG analytics
June 17, 2021 11:14:17 AMCharity pension fund deficits set to surge amid U.K. funding proposals
June 17, 2021 10:15:13 AMU.K. charities face a 40% increase in aggregate defined benefit plan deficits due to proposed amendments to funding requirements.
Commentary: What’s next for government and higher education retirement plans in the U.S.?
June 17, 2021 07:00:00 AMHow such funds respond to a changing world will determine how they will deliver on their mission to aiding members' financial well-being.
Investors have certain expectations for climate financial reporting
June 17, 2021 06:00:00 AMInvestors detailed their expectations for financial reporting by U.S. oil and gas companies in regard to climate risk and stranded assets.
BlackRock to integrate Baringa’s climate modeling into its Aladdin platform
June 17, 2021 04:00:00 AMBlackRock will acquire and integrate business and technology consultant Baringa's climate-change scenario model into its Aladdin platform.
Church Commissioners gains 10.4% in 2020 as equities, timber deliver
June 16, 2021 03:21:33 PMChurch Commissioners for England returned 10.4% in 2020, attributable to gains in equities and some alternative asset allocations.
AXA IM picks new head of Americas
June 16, 2021 03:04:27 PMFlorian Bezault was named head of AXA Investment Managers Americas, replacing Marcello Arona.
U.S. ETFs increase fossil-fuel bond buying in 2020
June 16, 2021 11:51:13 AMFossil-fuel financing by U.S. fixed-income ETFs increased by 72% in 2020, despite money manager pledges to cut emissions from portfolios.
Moody’s upgrades global manager outlook to stable from negative
June 16, 2021 11:42:23 AMMoody's Investors Service upgraded its global money managers outlook to stable from negative, due in part to improved operating conditions.
Railpen, industry bodies to study social factors in the workplace
June 15, 2021 10:36:52 AMRPMI Railpen will study how effectively U.K. companies are discussing and responding to social factors in the workplace.
Fitch raises New York state outlook to stable
June 15, 2021 08:45:52 AMFitch Ratings raised its credit outlook on New York state to stable from negative, while keeping its AA+ rating on general obligation bonds.
Plan to expand government-matched retirement contributions popular – survey
June 15, 2021 05:00:00 AMMore than 6 in 10 Americans would support a program offering government-matched retirement contributions to lower-income working Americans.
DOL planning rule-making on ‘fiduciary’ definition
June 14, 2021 12:47:35 PMThe Labor Department under the Biden administration is looking to make its own stamp on the fiduciary debate, much like its predecessors.