In a July 13 letter to Senate Banking Committee Chairman Tim Scott and Ranking Member Elizabeth Warren, the group called on lawmakers to advance the Retirement Fairness Act (S.424/H.R.1310) for charities and educational institutions. Signatories include the chief executives of TIAA, Principal Financial Group, Prudential Financial, Pacific Life, Nationwide Financial, MetLife, Equitable and CoreBridge Financial. The list also includes Aon, Vanguard, T. Rowe Price, LPL Financial, State Street Investment Management and Empower Retirement. Together, signatories include asset managers, life insurers and benefits industry groups.
Insurers are pushing to open up 403(b) plans to low-cost trusts. & more related News Here
