Retirement Industry People Moves
Cetera Expands Retirement Business; Mercer Expands Leadership in Detroit Office; OneAmerica Names West Coast Relationship Executive.
Tag: Taft Hartley
Institutional Investors See First Losing Year Since Financial Crisis
2015 was the first calendar year since 2008 that institutional investors overall had a negative return.
Institutional Investors See Worst Quarter in Four Years
Global equity returns weighed heavily on the median returns for all plan types in the third quarter, according to Wilshire Associates.
BofA to Move $19B DC Plan In-house
Bank of America is moving its $19 billion defined contribution (DC) plan, currently with Fidelity, to the Merrill Lynch platform.
BMO Global Asset Mgm’t Extends Brand to M&I Lines
The three primary lines of business in the former M&I Institutional Trust Services will be renamed to reflect their integration into BMO’s global businesses.
Master Trusts See Negative Returns in Q2
The median return of BNY Mellon’s U.S. Master Trust Universe was -1.47% for the second quarter, driving down performance for the typical fund to 5.65% year over year.