Defined contribution experts in the U.K. warned the government not to move too quickly in its push to consolidate smaller DC plans.
U.K. defined contribution plan sponsors are reviewing multiemployer plan providers in an effort to improve value for participants.
Empower's planned acquisition of Prudential's retirement business will solidify its position as the nation's No. 2 record keeper.
Corporate 401(k) plans continued to emphasize cost savings in evaluating their fund lineups in 2020, 11-K filing data show.
Empower Retirement is buying the retirement plan business of Prudential Financial for $3.55 billion, the second such deal in as many years.
The PLSA has warned against the U.K. government's proposal to introduce a universal charging structure within DC plans.
The U.K. government is seeking views from trustees and plan sponsors on its draft collective defined contribution plan regulation.
CAPTRUST Financial Advisors acquired RIA firm Nachman Norwood & Parrott Wealth Management, which advises some 50 plan sponsors.
With its addition completed, State Street Global Advisors now manages about $57 billion for the Federal Retirement Thrift Investment Board.
International Business Machines Corp. removed the PIMCO Commodities Plus Trust as an investment option in its 401(k) plan in 2020.
Travel & Leisure Co. removed the Oakmark Equity & Income Fund from the investment options lineup of its 401(k) plan in 2020.
Unum Group added a managed retirement fund to its 401(k) plan and paired it with automatic withdrawal options.
Goldman Sachs removed two mutual funds from the investment options lineup of its 401(k) plan in 2020.
Record keepers are branching out into new areas of financial wellness to deepen relationships with plan sponsor clients.
The move by Vanguard and T. Rowe Price to outsource record-keeping technology management is seen as a harbinger of things to come.
Principal Financial Group wraps up its integration of Wells Fargo & Co.'s record-keeping business and other benefits services.
Industry participants welcomed the U.K. government's effort to help reduce costs in small defined contribution plans.
T. Rowe Price agreed to transfer its retirement technology development and core operations to Fidelity National Information Services.
The 401(k) plans offered by multiple-employer plans are being challenged by participants who claim ERISA violations in plan management.
The U.K. government's attempt to encourage DC investment into alternatives is missing a major issue: managers fees are still too high.
Lockheed Martin has changed its DC lineup to simplify choices, add equity exposure and encourage retired employees to keep assets in-plan.
Jennifer Perkins was named managing director, defined contribution portfolio manager, at LaSalle Investment Management, a new position.
Record keepers are racing to roll out adviser managed accounts to satisfy RIAs clamoring for the new product.
A PIMCO survey found that improving financial wellness programs is a top priority this year for smaller defined contribution plans.
Retaining retirees' assets is a rising trend among defined contribution plans, according to a PIMCO survey of DC consultants.