SIFMA Urges Senate to Vote for CITs in 403(b) Plans
Trade groups wrote the Senate Banking Committee to urge the passage of a bipartisan package of bills, including investor disclosures...
Tag: collective investment trusts
Nonprofit Leaders Call on SEC to Back CITs in 403(b)s
Congressional action is required to allow collective investment trusts to be included in 403(b) plans.
LeafHouse, GTC Collaborate on CIT Platform
The artificial-intelligence-powered system is designed to consolidate the many documents needed to run collective investment trusts.
ICI: Rise of CITs Adds Pressure to Outdated Fintech
Retirement plans relying on manual processes and aging infrastructure are struggling to keep pace, according to the industry group.
Target-Date Assets Grew 21% in 2025
Assets in TDFs with embedded income grew 39% last year, according to Sway Research.
Alta Trust and Morningstar Introduce 6 Multi-Manager Portfolio CITs
The collective investment trust series is supported by funds from eight asset managers.
House Passes INVEST Act, Brings CITs One Step Closer to 403(b) Plans
The Senate will next vote on the INVEST Act, which includes new safeguards for senior investors and a broadening of...
House Committee Advances Bipartisan ‘INVEST’ Act
The 64-page bill proposes a new certification exam for ‘accredited investors’ and would allow 403(b) plans to invest in the...
TIAA, Vanguard to Offer Target-Date Lifetime Income CIT Series
The product embeds the TIAA Secure Income Account, a fixed annuity, in a target-date fund.
CITs Are ‘Ideal’ for Access to Private Markets, per Cerulli
Most asset managers that Cerulli Associates surveyed said they planned to offer direct contribution plans a range of sub-asset classes...
Great Gray Acquires flexPATH’s CIT Sub-Advisory Business Assets
The move brings in-house some investment management services previously outsourced to flexPATH.
Human Interest Advisors Offers CITs to Small, Midsize Businesses
The company estimates the collective investment trusts could help 401(k) plan participants save more than $1.6 million in combined fees...
CITs Outpace Mutual Funds in 2024
Collective investment trusts continue to win assets at a breakneck pace.
Blue Owl and Voya Partner to Offer Private Market Solutions to DC Plans
The firms will begin by offering collective investment trusts available through adviser-managed accounts.
Great Gray Trust Company to Collaborate With BlackRock
BlackRock’s glidepath will power Great Gray Trust Company’s new retirement solution with access to private markets.
Bill Allowing CITs in 403(b) Plans Advances in House
Whether non-ERISA 403(b) plans should have access to invest in collective investment trusts was a point of contention during the...
Consumer Advocacy Groups Push Back On CIT Use by 403(b)s
Six groups are calling on the Senate to reject a proposal to allow 403(b) plans to invest in collective investment...
Setting the Record Straight on CIT Governance, Regulation
Jeb Bowlus of Great Gray Trust makes the case that CITs are well-regulated and confer retirement investor protections not present...
Product & Service Launches – 2/8/24
SEI signs on as trustee to Pictet collective investment trusts; Voya officially launches dual QDIA; and Standard Insurance Company bolsters...
Can 403(b)s and CITs Some Day Be Friends?
Legislation to permit the pooled investment into 403(b) plans continues to inchworm its way through Congress.