Westpac agreed to merge its BT Super assets into Mercer Super Trust and sell its Advance Asset Management business to Mercer.

China's State Council announced a long-awaited framework for a private pension third pillar of the country's retirement safety net.

Sabra Purtill was appointed executive vice president and chief investment officer for AIG's life and retirement business.

Global institutional retirement assets set a new record in 2021, reaching $56.6 trillion by the end of the year in the 22 largest markets.

Hub International has acquired registered investment adviser firm Kornerstone.

Hub International has acquired insurance and employee benefit brokerage and consulting firm Raffa Financial Services.

SageView Advisory Group added retirement plan services firm Channel Financial, SageView's third acquisition since July.

Chile's lower house of congress rejected a revised bill for a fourth round of pension withdrawals, definitively killing a contentious proposal.

AustralianSuper said it has completed a merger with Club Plus Super.

Mine Super, the $9.2 billion fund for Australia's mining sector, elevated interim CEO Vasyl Nair to permanent group CEO.

As employers grapple with labor shortages, some are re-evaluating their retirement plans to make them more attractive to the workforce.

U.K. legislative changes to retirement rules are pushing up costs and discouraging individuals from becoming trustees, U.K. actuaries warn.

QSuper's "group self-annuitization" offering could become template for longevity solutions under the upcoming Retirement Income Covenant.

Analysts see investment offerings as a way to assure Australian retirees they won't outlive their savings, freeing them up to spend more.

A California taxpayer group wants the U.S. Supreme Court to take up its case aimed at stopping the CalSavers program.

AustralianSuper names Andrew Mantello, the fund's head of emergent risk, as its next chief risk officer.

DWS Group acquired a minority stake in retirement technology provider Smart Pension.

U.S. Bancorp has entered into an agreement to acquire MUFG Union Bank, bringing together a potential $23.1 billion in retirement plan assets.

Australia's regulator said 13 of 80 MySuper products failed to pass the Your Future, Your Super performance test introduced this year.

A workplace emergency savings "opt-out" research program being launched by NEST Insight is being supported by BlackRock and MAPS.

Brian Collins was named chief investment officer of Hub Retirement and Private Wealth, a new position.

Nick Ward was named AustralianSuper's first head of private credit as the fund looks to lift its private debt allocation.

Aware Super's MySuper default offering saw a record gain of 18% for the June 30 fiscal year as the fund continued to gear up for growth.

Ian Silk, who grew AustralianSuper to $172 billion from $15.7 billion, will cede the helm of the fund to chief risk officer Paul Schroder.

Hub International acquired the operating subsidiaries of investment and consulting firm TCG Group Holdings.