Union DC plans
Two high-ranking Republicans introduced a bill to require the PBGC to bolster its SFA application review process and recoup any aid that was wrongfully awarded.
In participant and plan sponsor encounters, there's a "sense of mistrust" from agency staff, the participant and plan sponsor advocate's annual report said.
Voya Financial has accumulated more than $90 billion across the different types of pooled retirement plans it serves as record keeper.
Cliff Speed was named CEO of TPT Investment Management, a new OCIO business launched by multiemployer DC plan TPT Retirement Solutions.
Helen Dean will leave her role as CEO at National Employment Savings Trust next year, after eight years at the helm of the master trust.
Georgie Edwards was named head of defined contribution at U.K. multiemployer plan TPT Retirement Solutions.
Smart Pension acquired Evolve Pensions along with its defined contribution multiemployer plan Crystal Trust.
SEI Investments (Europe) agreed to acquire U.K. DC multiemployer plan National Pension Trust in a $54 million deal.
Nine U.K. defined contribution plans pledged to invest 5% of their default funds into private U.K. companies by 2030.
