IBM Accused of $14B Pension Risk Transfers to ‘Unsafe’ Insurer
IBM allegedly jeopardized the retirement security of more than 132,000 former workers by offloading billions of dollars in two pension...
Tag: State Street
Judge Backs Dismissal of AT&T PRT Complaint
A Massachusetts magistrate said former retirement plan participants had standing to sue AT&T and State Street Global Advisors but disregarded...
DOJ, FTC State Position in ESG-Related Coal Suit Against Largest Asset Managers
The DOJ has taken a side in a case accusing BlackRock, State Street and Vanguard of suppressing prices in the...
ETFs See Lowest Inflows in a Year
State Street said that the inflows were so much below recent averages that the company's full-year forecast for ETF assets...
Envestnet Announces Model Portfolios, Direct Indexing Offerings
The company intends both offerings, in partnerships with BlackRock and State Street Global Advisors, to help advisers expand offerings.
House Judiciary Committee Issues Subpoenas to BlackRock, State Street for ESG Documents
The Republican-controlled committee alleges collusive behavior against the fossil fuel industry by asset managers participating in climate-related initiatives.
Transamerica, ADP Each Add In-Retirement Plan Annuity Options
With the announcement, Transamerica becomes the first recordkeeper to offer State Street’s TDF with an embedded annuity, while ADP adds...
Retirement Industry People Moves
Perigon selects Hasan as CIO; State Street appoints Donohue as head of sustainability; GoldTree hires Plotke as principal.
Vanguard’s ESG Support Half That of BlackRock, State Street
Of a sample of shareholder proposals linked to ESG, Vanguard opposed almost three-quarters.