Strategic Investment Group names client development managing director; PGIM Investments hires VP of Retirement Investment Solutions; SS&C Technologies Holdings acquires Innovest Systems; and more.
Cetera announces additional teams and roles; Principal adds multiple sales team members; Schroders hires sales directors for regional teams; and more.
DWS Group renames fixed income ETFs and MassMutual and NextCapital offer managed advice solution.
FBi adds SVPs to growth and product lines; SageView selects chief advisory services officer; and BPAS APS promotes DB director.
In addition, it is waiving distribution and loan origination fees for COVID-19-affected participants and CARES Act-related plan amendment fees for employers through August.
MassMutual hires regional managing directors for retirement services; Callan names private equity SVP; and IRI adds changes to executive committee and board of directors.
RiskFirst adds leader of business development; The Wagner Law Group launches Bankruptcy and Restructuring practice; Alight Solutions announces new CEO; and more.
The firms will credit back all recordkeeper fees on loans and distributions below $10,000.
Man GLG announces head of Asia equities; Pacific Life adds sales SVP; Fiduciary Trust hires VP of client service team; and more.
Mercer adds health and benefits consultant in California office, and Ascensus names retirement plan VP for western division.
Fee waivers, accelerated processing and educational resources are being offered.
The firm has established a dedicated team to support participants who are considering accessing their retirement savings to meet their short-term financial challenges related to the pandemic.
In addition to waiving fees related to participant hardship withdrawals, the firm is suspending fees for plan amendments made in response to the pandemic.
TRA appoints national sales manager; SS&C Technologies names retirement solutions manager; MMA acquires Illinois brokerage firm; and more.
The fee waiver will remain in place until further notice, depending on circumstances in the economy and financial markets.
Through September 30, Voya will credit CARES Act-related transaction fees to DC plan participants and offer financial education to Americans.
Cohen & Buckmann adds counsel to Employee Benefits & ERISA practice; Penn Mutual hires portfolio managers for balanced income strategy; and retirement services leader of Millennium Trust retires.
Newport anticipates plan sponsors will see an increase in loan and hardship distribution requests.
According to the firms, part of the rationale behind the move is that it combines two highly complementary businesses into a technology-enabled global platform that is more relevant and responsive to client needs.