Pandemic Savings Are So Big They’ll Jet-Propel the Economy, Study Says
Some $2.9 trillion, hoarded by rich nations’ consumers, will fuel post-virus spending, Bloomberg Economics thinks.
News Archive: Mar - 2021
Climate Risk Among SEC’s 2021 Compliance Priorities
The securities regulator will review whether companies’ practices actually match what they report.
Pensions
Virginia Legislature Passes Bill to Create State-Run Retirement Plan
The VirginiaSaves program would require mandatory participation by eligible employers.
Market Moves
Analysts’ Bullishness Means Stocks May Tank, BofA Warns
The bank’s contrarian indicator has been right before. Will it be now?
Corporate Moves
Bowdoin College Names K. Niles Bryant CIO
He will succeed Paula Volent, who will step down June 30 after running the $1.8 billion endowment for 20 years.
Asset Management Culture
Massachusetts’ Pension Fund Increases Corporate Diversity Standards
Board of $86.9 billion state fund also calls for portfolio companies to guarantee health care for workers.
Research
Retirement Account Balances Rise to Record Levels in Q4
Women are ‘saving more for retirement than ever before’ with record contribution rates.
Newsmakers
Bolstering City Infrastructure ‘Imperative’ to Recovery, Says Kamala Harris
The vice president outlines the Biden administration’s goals as it prepares a plan to build everything from railways to tidal walls.
Risk
Coca-Cola Bottlers Association Faces ERISA Lawsuit
Plaintiffs allege missteps by 401(k) plan fiduciaries cost participants millions of dollars in retirement savings.
Newsmakers
Oklahoma Bill Would Create State-Run Retirement Plan
Proposal calls for auto-enrollment IRAs for workers whose employers don’t offer a retirement plan.
Market Moves
Higher Bond Yields? No Big Deal for Stocks, Says BlackRock’s Rieder
Tech won’t really suffer that much because there’s so much new innovation, he argues.
Asset Management Culture
TIAA Taps Thasunda Brown Duckett as CEO
She will become the first woman to helm the $1.3 trillion financial services giant.
Pensions
Pension Relief Plan in COVID-19 Stimulus Bill That Passes House
The legislation goes to the Senate, which could vote on the proposal later this week.
Pensions
OMERS Reports First Annual Loss Since Financial Crisis
Canadian pension attributes 2.7% loss to the effects of pandemic on real estate, transportation, entertainment.