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...“While BlackRock gets all the attention I don’t think they’re alone,” said Amy Borrus, executive director of the Council of Institutional Investors, an industry group....
...When BlackRock chief executive Larry Fink warned of a looming “retirement crisis” this week, he not only drew attention to a long-rumbling societal problem but also highlighted a business opportunity that...
...The Pennsylvania-based group, best known for its low-cost index funds and retirement plan offerings, also said it had elevated chief investment officer Greg Davis to an expanded role as president, effective...
...Among them were Canadian pension fund Ontario Municipal Employees Retirement System, as well as the Abu Dhabi and Chinese sovereign wealth funds....
...The typical Gen X household has just $40,000 saved for retirement, and 40 per cent of their 401k plan balances are zero....
...plans....
...The acquisition of Boston-based Putnam will add another $136bn in assets under management, 30 per cent of which are in retirement plans....
...Adam Greenblatt, chief executive of BetMGM, the US’s third biggest betting app which is co-owned by UK gambling group Entain, says it is in the industry’s self-interest “to get ahead of draconian regulation...
...Hargreaves Lansdown, the UK’s biggest funds supermarket, last year also announced plans for a new low-cost advice service in an effort to prevent customers approaching retirement from moving to rival providers...
...Rivian now plans to produce 50,000 vehicles in 2023. It began hiring for a second shift in Normal employing at least 1,700 people by the middle of the year....
...Homegrown companies rushed into the sector spurred by a multibillion-dollar government plan to boost the industry to counter growing technological pressure from the US....
...The NYC Employees’ Retirement System, the Teachers’ Retirement System and the Board of Education Retirement System hold relatively small stakes in the lenders, but Lander has had success in winning support...
...The move keeps its board at 13 directors after the retirement of dealmaker Peter Clare in April....
...Leo Chan, executive director of the Midwest USA Chinese Chamber of Commerce, helps companies establish or expand manufacturing activities in Ohio....
...The act prohibited airlines from laying off workers, but they did encourage early retirements and extended leave....
...They began executing a succession plan in 2017, when they named Lee and Glenn Youngkin as co-chief executives....
...The body plans to start publishing data next year, and is using an open-source platform in a bid to crowd-test its systems and (it hopes) establish widely accepted industry standards....
...Real estate services group CBRE has appointed Blake Hutcheson, chief executive of the Ontario Municipal Employees Retirement System, to its board....
...BlackRock is seeking to provide “absolute transparency” on private market fees as the UK government pushes pension plans to plough funds into unlisted assets, an executive at the world’s biggest asset manager...
...New research from Chestnut Advisory Group estimates the industry will grow to more than $4tn in assets by 2026, as more flexible mandates open the industry to a wider range of clients than the smaller pension...
...This forced it to abandoned its growth plans in June and cut a fifth of its workforce — more than a thousand people....
...It boosted offerings of bond and “solutions” funds, which are popular for retirement and education savings....
..., chief executive of AIG’s life and retirement business....
...Turbulent global markets drove the $440bn California Public Employees’ Retirement System, the largest US public pension plan, to its first annual loss since the global financial crisis in 2009....
...Christopher Hunt, president of Hunt Scanlon Media, a trade publication covering the executive search industry, said that compared with 2020, executive searches in 2021 have increased 28 per cent to date...
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