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.