P&I wins regional gold, silver ASBPE awards
April 25, 2023 04:10:44 PMP&I employees were recognized by the American Society of Business Publication Editors with two regional awards.
401(k) lawsuit against Microsoft over BlackRock target-date series dismissed again
April 25, 2023 03:01:25 PMA federal judge dismissed for a second time a lawsuit by former Microsoft Corp. employees who questioned offering a BlackRock target-date series.
McLane Company hit with ERISA suit over record-keeping fees, investment selection
April 25, 2023 02:40:31 PMTwo employees of McLane Company Inc. filed a lawsuit in a Waco, Texas, federal court alleging ERISA violations.
Lawsuit against B. Braun Medical Inc. 401(k) plan fiduciaries may proceed
April 25, 2023 11:03:34 AMA federal judge ruled a lawsuit by former employees against fiduciaries of a B. Braun Medical Inc. 401(k) plan may go to trial.
401(k) lawsuit against TriHealth dropped
April 25, 2023 08:00:00 AMParticipants suing TriHealth Inc. for ERISA violations in the company's 401(k) plan dropped their lawsuit, a U.S. District Court notice said.
401(k) lawsuit against Ricoh USA dismissed for second time
April 24, 2023 08:15:00 AMA federal judge has again dismissed an ERISA lawsuit against Ricoh USA Inc. and its 401(k) plan fiduciaries by former plan participants over fees.
PPG Industries unloads $309 million in U.S. pension liabilities
April 24, 2023 08:00:00 AMPPG Industries Inc. purchased a group annuity contract in March to transfer $309 million in U.S. pension plan liabilities to insurance companies.
Judge sets trial date for 401(k) suit against Verizon
April 21, 2023 03:30:28 PMA federal District Court judge ruled for a plaintiff in a seven-year old ERISA lawsuit against Verizon, setting a May 23 trial date.
Mass ESG fund downgrades that rocked market may be reversed
April 17, 2023 01:25:13 PMA mass wave of downgrades that shocked investors as they watched Europe's top ESG designation get stripped from almost $200 billion may now be reversed.
Alcoa purchases another annuity contract for Canadian pension liabilities
April 17, 2023 12:34:10 PMAlcoa Corp. purchased a group annuity contract to transfer $235 million in Canadian pension plan liabilities.
Rich matches boost employees' savings, support recruiting
April 17, 2023 06:00:00 AMEmployers that match more than dollar for dollar are rare and some companies offer non-elective contributions to improve recruiting and retention.
Regulatory complexity clogging sales for European ESG funds
April 17, 2023 06:00:00 AMMoney managers are navigating a tricky regulatory environment in Europe as they help asset owners access ESG funds under SFDR rules.
Redemptions curbed from non-traded REITs
April 17, 2023 06:00:00 AMBlackstone, other alternatives firms pursued retail investors — and now are rationing exits.
More OCIO deals including liftouts of in-house teams
April 17, 2023 06:00:00 AMManagers build talent pipeline to go along with growth in assets.
Secondary exchanges aim to offer liquidity to REITs
April 17, 2023 06:00:00 AMBlackstone, KKR, Starwood and other non-traded REITs prompt investors to look for new secondary market exchanges
Big U.S. managers may have to take sides in ESG political divide – Fiona Reynolds
April 17, 2023 06:00:00 AMFormer PRI CEO Fiona Reynolds predicts big money managers won't be able to serve clients on both sides of the ESG divide over the long term.
Divide erupts over SEC push for reforms
April 17, 2023 06:00:00 AMThe SEC is proposing major changes to the U.S. equity markets, some of which institutional investors favor and others oppose.
Pushback has managers holding ESG credentials close to the vest
April 17, 2023 06:00:00 AMAn ESG backlash in Republican states is testing asset managers' political smarts, prompting them to rethink their sustainable messaging.
Supreme Court rules against SEC, allows challenges to in-house judges
April 14, 2023 01:55:34 PMThe Supreme Court unanimously ruled that SEC charges can be challenged in U.S. District Court before the agency settles the matter in-house.
Despite backlash, sustainable investment opportunities soar
April 14, 2023 10:12:45 AMTuning out the anti-ESG rhetoric, institutional investors globally are charging ahead with opportunities to finance a sustainable future.
Horizons ETFs names Rohit Mehta president, CEO
April 14, 2023 08:15:00 AMRohit Mehta will become president, CEO and a director of Horizons ETFs Management (Canada) Inc. effective May 1.
New Jersey Division of Investment appoints head of private credit
April 12, 2023 03:47:56 PMBrad Johnson was hired as head of private credit for the New Jersey Division of Investment.
Commentary: Is there finally value in U.S. high-growth stocks?
April 07, 2023 08:00:00 AMFollowing a dreadful 2022, a number of high-growth companies are trading below the long-term average, and we're finding hidden gems among the rubble.
Action on record-keeping lawsuits highlights first quarter
April 05, 2023 03:49:04 PMDuring the first quarter, 52 ERISA-related lawsuits were filed and/or updated. Each event represents the involved parties either reaching a settlement or filing an appeal, or a court decision was made.
Parts of 401(k) lawsuit against Packaging Corp. of America move forward
April 04, 2023 03:12:07 PMA judge delivered a split decision in a 401(k) lawsuit against Packaging Corp. of America, dismissing four allegations but retaining two others.