Musto Named JPAM Retirement CEO

J.P. Morgan Asset Management announced that David Musto will become the Chief Executive Officer of J.P. Morgan Retirement Plan Services (RPS).

Musto succeeds current CEO Pamela Popp, who has taken on a new role as Head of Retirement Strategic Initiatives, where she is helping to drive the asset management division’s overall  retirement growth initiative.Musto and Popp report to Michael Falcon, Head of Retirement at J.P. Morgan Asset Management.  

Musto was most recently Chief Operating Officer of J.P. Morgan Retirement Plan Services, with responsibility for day-to-day business oversight and analysis in support of RPS’s long-term growth and efficiency goals (see “Musto Hands JPAM DCIS Reigns to Galateria“).  Prior to that, he was head of J.P. Morgan’s Defined Contributions Investment Solutions (DCIS) business. According to the announcement, his industry experience also includes leadership positions in the retirement and benefits businesses of Prudential Financial and CIGNA.  

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Popp has been with J.P. Morgan for 14 years, and her prior experience includes roles with American Century Investments and Hewitt Associates.

EBSA to Host Retirement Workshop for Women

The Department of Labor’s Employee Benefits Security Administration (EBSA) is co-sponsoring a Webcast on April 12 to help women with retirement planning issues.

The Webcast has been designed for women who are about 10 to 15 years from retirement. The purpose is to help them figure out if they are on track for a secure retirement and find ways to fill savings gaps. It will provide tools and information for women of all ages who have questions about retirement planning.   

The sponsors will discuss how to make the most of savings opportunities at work and how to make savings last over a possibly long retirement. The Webcast will also highlight issues that can make retirement planning more difficult for women, including widowhood and divorce.   

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In addition, the Social Security Administration will discuss Social Security retirement benefits and what women may want to consider in deciding when to start receiving benefits.  

Registration for the event is here.

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