Latest News

Fidelity names tech exec head of asset management

Money Management

Money Management

Fidelity Investments named its chief technology executive Steve Neff as the new leader of its asset management business.
University of Missouri committee proposes closing hybrid plan to new employees

Retirement Plans

Retirement Plans

A University of Missouri System committee proposed closing the school's hybrid plan to new employees and starting a DC plan for new hires.
Schaus leaving PIMCO

Money Management

Money Management

Stacy Schaus will retire as executive vice president and defined contribution practice leader at PIMCO effective Nov. 21
Connecticut treasurer proposes steps to strengthen Teachers' Retirement Fund

Pension Funds

Pension Funds

Denise L. Nappier, Connecticut state treasurer, has proposed steps to strengthen the state Teachers' Retirement Fund.
Lloyds ruling could force restructuring of buy-in deals – Aon

Pension Funds

Pension Funds

Risk transfer deals worth 50 billion might need to be restructured following a U.K. High Court ruling on guaranteed minimum pensions.
PIMCO to close active target-date fund series

Money Management

Money Management

PIMCO will liquidate its actively managed RealPath target-date series in February.
Unions sue to start Puerto Rico defined contribution accounts, with interest

Courts

Courts

Two unions representing Puerto Rico teachers and public employees sued the government claiming new DC accounts are being mismanaged.
New U.K. pensions, Brexit ministers revealed

Brexit

Brexit

Amber Rudd was appointed secretary of state for work and pensions, the third minister to hold the role this year.
Grassley to head Senate Finance Committee

Washington

Washington

Sen. Charles Grassley, R-Iowa, will be the next chairman of the Senate Finance Committee.
PBGC financial conditions improve, but multiemployer programs still at risk – annual report

Washington

Washington

PBGC's financial condition improved in fiscal year 2018, with the single-employer program seeing its first net positive position since 2001.
Senate confirms Michelle Bowman to Fed Board

Washington

Washington

The Senate confirmed Michelle Bowman to the Federal Reserve Board.

Pension Funds

Pension Funds

Martin Vang Hansen was named CEO of ATP's real estate arm, replacing Michael Nielsen.
Loomis Sayles to take in Natixis fixed-income shop McDonnell

MONEY MANAGEMENT

MONEY MANAGEMENT

Loomis, Sayles & Co. early next year will combine with McDonnell Investment Management.

Money Management

Money Management

Sandy Sinor was named senior vice president and director of public funds and Taft-Hartley plans at Northern Trust Asset Management.
Legislation introduced with changes to retirement savings tax credit and return of MyRA

Legislation

Legislation

Legislation was introduced in the Senate to change the current non-refundable saver's credit into a refundable, government match.