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...“This is my retirement from Citi, but I don’t plan to disappear,” Ybarra told the Financial Times. “I don’t think I am just going to play golf, but I don’t know what is next.”...
...The New York City and Massachusetts retirement systems, for example, said that they vote based on their own guidelines. However, many do hand off responsibility....
...AIG has undergone significant change during his tenure, with moves including last year’s initial public offering of its life insurance and retirement business, Corebridge....
...managers it had reviewed “fulfilled their obligations according to their Investment Management Agreements” but “in some cases this [contract] was less flexible than would be desirable and inadequate client service...
...They function as a place for depositors to safely store their cash and obtain other financial services beyond loans....
Asset manager criticised over tactics during gilt sell-off
...Mark Loughridge, Vanguard’s lead independent director, praised Buckley for leading the group through “a period of unprecedented innovation, growth, and transformation, building high-value-added services...
BlackRock and Schroders post corporate bonds in repo trades to boost funds’ resilience during times of crisis
...Fink also said BlackRock was seeing “accelerating momentum” because it was winning new business from “marquee” clients for its technology, retirement and portfolio management services....
...*Ignites is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at ignites.com....
...One saving grace for mutual funds could be their use within retirement accounts, Apkarian said. Many recordkeepers still do not offer ETFs in 401(k) accounts because of operational issues....
...The typical Gen X household has just $40,000 saved for retirement, and 40 per cent of their 401k plan balances are zero....
...And its retirement business has continued to grow, with record inflows into its target date funds this year. Two-thirds of T Rowe’s assets are now retirement related, Sharps said....
...Among them were Canadian pension fund Ontario Municipal Employees Retirement System, as well as the Abu Dhabi and Chinese sovereign wealth funds....
...These are vehicles that contain a mix of asset classes, such as target-date retirement funds designed as set-it-and-forget-it investments for the long term....
...The four other units — wealth management, transaction services, markets and its US consumer bank — will be managed by their current leaders....
...Boeing created a product and services safety group, also reporting to the chief engineer....
...“Offering an ETF share class would allow them to maintain their retirement plan assets — where mutual funds are still the dominant vehicle — while also pursuing the much higher growth ETF market,” said Geraci...
...While property and jewellery have long been assets of choice for many Indian households, the companies will hope to profit from the growing pool of savers who are including financial products in their retirement...
...The acquisition of Boston-based Putnam will add another $136bn in assets under management, 30 per cent of which are in retirement plans....
...Vanguard is closing its UK financial planning arm less than two years after its launch in April 2021 after a disappointing number of customers signed up to a new low-cost retirement advice service designed...
...However F/m argues that the funds, like all ETFs, are largely off limits to investors saving for their retirement in 401(k) pension plans, a key market for bonds....
...Commodity trader Trafigura has restructured its leadership team as it prepares for the retirement of its longtime chief operating officer Mike Wainwright in March....
...Thompson, who will come out of retirement to start his new role on October 9, will arrive to a full inbox....
...The president’s party does not have a parliamentary majority and may struggle to deliver on other priorities such as boosting employment and cutting fiscal deficits while improving public services such as...
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