Robert Steyer

Michael Miller has been hired by Blackstone as head of retirement solutions sales, a new position, a Blackstone spokeswoman confirmed.

Democratic primary voters endorsed a stay-the-course investment strategy over high-profile, controversial proposals in re-nominating Thomas P.

The Supreme Court has affirmed the SEC’s ability to seek illegal profits from fraudsters even when the agency can’t identify individual victims who lost money — but the unanimous ruling earlier this month leaves questions unanswered that will likely fuel more litigation, legal experts said.

Empower’s purchase of Milliman Inc.’s retirement plans marks the latest deal in a yearslong acquisition pursuit by the Greenwood Village, Colo, company to solidify its role as a major force in defined contribution, defined benefit, healthcare and wealth management.

Tucked among multiple lawsuit case references, the teachings of St. Thomas Aquinas were cited by former SEC lawyers in their request that the Supreme Court limit the SEC’s power to collect ill-gotten profits from fraudster when the agency couldn’t identify victims.

Employers’ uncertainty over being sued for allegedly short-changing married retirees’ pension payments is now even more problematic after two appeals courts recently rejected a standard defense in fighting these lawsuits.

New York State Common Retirement Fund, Albany, has made seven private markets commitments for a total of $1.23 billion, according to a report posted on the website of Thomas P. DiNapoli, the state comptroller, and sole trustee of the $295.4 billion pension fund.

A federal appeals court has punched a hole in a common plaintiffs’ strategy for ERISA lawsuits, ruling that class-action challenges don’t apply against defined contribution plans and prompting defense lawyers to praise this as weakening the economic incentive for many fiduciary breach lawsuits.

AT&T has agreed to pay $184 million to settle claims it short-changed married retirees on pension benefits by using outdated mortality tables, marking the largest settlement in a wave of similar litigation challenging how pension plans calculate payments.

The Maine Public Employees Retirement System, Augusta, has made three private markets investment commitments of up to $625 million, a spokeswoman for the $22.8 billion pension fund confirmed.