News
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A Florida city is seeking a consultant to assist with a plan administrator search for its deferred compensation plan.
A pension plan in the Southwest has hired a new general investment consultant.
An airport authority in New England has issued an RFP seeking investment consulting services.
A transportation authority in the Northwest has concluded its search for record keeping and trust custody services.
A pension plan in the Southeast committed to two private investment vehicles this month.
The U.S. Supreme Court recently agreed to review the Eighth Circuit’s decision in Thole v. US Bank, in which the Eighth Circuit held that participants in an overfunded defined benefit pension plan lack standing to sue for fiduciary breaches under ERISA. The Supreme Court’s decision in this case—the third ERISA case accepted by the court this term—could have significant implications for plan sponsors and plan fiduciaries.
Kentucky Gov. Matt Bevin’s pension-relief proposal cleared the Republican-run state House by a slim margin Monday, surviving a crucial showdown as lawmakers continued a special legislative session convened by the GOP governor.
Eagle Asset Management promoted Brad Erwin to portfolio co-manager on the firm’s Growth & Income Team on July 1.
A Northeastern city has issued an RFP seeking an investment advisor for its reserve funds.
A mid-Atlantic police and fire pension fund made several manager hires and terminations and adopted a new strategic asset allocation this year.