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BlackRock quits Net Zero climate group, after ongoing pushback against ESG investing

By Lynn Cavanaugh

The world’s largest asset manager, with more than $10 trillion in assets under management, has dropped out of the Net Zero Asset Managers initiative, following the recent withdrawals of Morgan Stanley, Goldman Sachs, JP Morgan Chase and other megabanks.

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Inflation and family caregiving squeeze retirement plans

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Verizon sued over $5.9B pension risk transfer deal with Prudential by ex-employees

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Defined Benefits Stories

January 02, 2025

Biden to sign into law new Social Security bill that boosts benefits for 3M public sector workers

Last week, Congress passed the Social Security Fairness Act, a bill that has been decades in the making, and President Biden will sign it into law on Monday.

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December 23, 2024

Senate passes new Social Security bill that boosts benefits for 3M public sector workers

On Saturday, Congress passed the Social Security Fairness Act, a bill that has been decades in the making that now heads to Pres. Biden’s desk for approval.

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December 18, 2024

Another pension plan risk transfer lawsuit: Lumber firm sued over its $1.5B transfer to Athene Annuity

Seattle-based Weyerhaeuser Company employees filed a class action lawsuit over the transfer of plan assets to Athene Annuity & Life Assurance, alleging a breach of fiduciary duty, according to law firm Schlichter Bogard.

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December 16, 2024

Ohio passes anti-ESG bill, which would ban investments in state pensions

So far, 17 states have passed laws to limit environmental, social and governance investing, and there have been over 150 bills on ESG investing in 37 states.

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December 09, 2024

Hollywood Firefighters’ Pension sues UnitedHealth execs, including slain CEO, alleging insider trading

The late CEO Brian Thompson, along with two other UnitedHealth Group executives, were accused of dumping stock prior to a Department of Justice antitrust investigation into the company.

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December 05, 2024

Collective investment trusts in 403(b)s? CIT provider urges Congress to pass new bill

It’s a fair and reasonable ask of legislators to create parity of choice for retirement investors, regardless of who their employer is, according to collective trust provider Great Gray Trust Company.

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December 03, 2024

New guide to ‘governmental defined contribution plans’ for public sector DC plans: NAGDCA

Most (82%) participants in National Association of Government Defined Contribution Administrators member plans have access to defined benefit and defined contribution plans, according to a new NAGDCA guide.

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Top Defined Benefits Stories

BlackRock quits Net Zero climate group, after ongoing pushback against ESG investing

Inflation and family caregiving squeeze retirement plans

Verizon sued over $5.9B pension risk transfer deal with Prudential by ex-employees

Recommended Just For You

Defined Benefits Stories

Biden to sign into law new Social Security bill that boosts benefits for 3M public sector workers

Senate passes new Social Security bill that boosts benefits for 3M public sector workers

Another pension plan risk transfer lawsuit: Lumber firm sued over its $1.5B transfer to Athene Annuity

Ohio passes anti-ESG bill, which would ban investments in state pensions

Hollywood Firefighters’ Pension sues UnitedHealth execs, including slain CEO, alleging insider trading

Collective investment trusts in 403(b)s? CIT provider urges Congress to pass new bill

New guide to ‘governmental defined contribution plans’ for public sector DC plans: NAGDCA