TriNet, which provides human resources services for small and midsize companies, announced that it’s moving its 401(k) plan to Empower by the end of this year. The plan, which has been administered by Transamerica, had $4.89 billion in assets and ...

In a move that should accelerate the convergence of wealth and retirement at work and concern all RPA aggregators that lack a robust wealth management practice, Creative Planning has acquired Lockton’s retirement division. The transaction, which marks the first time ...

Like a tropical storm threatening to become a hurricane as it picks up power, record-keeper consolidation in the adviser-sold 401(k) market continues. Last week’s announcement that Ascensus was purchasing Newport Group comes on the heels of Empower’s acquisitions of the ...

Prudential Financial has reorganized its remaining retirement business units, creating Prudential Retirement Strategies, which will serve individual and institutional customers. The changes follow the July announcement that Prudential is selling many parts of its retirement business, including its defined-contribution, defined-benefit, ...

The retirement solutions group of Denver-based Empower Retirement plans to hire 325 employees by the end of the year. Hirees will range from certified professionals, sales consultants and managers to entry-level customer support personnel, the company said in a release. ...

Morgan Stanley is expanding its partnership with Denver-based Empower Retirement, a large record keeper, to offer a wider array of services in its adviser-sold plans for businesses with retirement plan assets under $50 million. Through its Morgan Stanley at Work ...

Great-West Life & Annuity Insurance Co. and its Empower Retirement unit have filed a lawsuit against Empower Geographics Inc. and its president for threatening to sell the empower.com domain to Empower Retirement’s competitors “and professional cybersquatters.” According to a suit ...

Record-keeper consolidation is happening even faster than predicted, in part because of the recent Empower buying spree, which continued recently with its purchase of Prudential’s retirement business. But what does that mean for both specialist and generalist retirement plan advisers? ...

Empower Retirement’s massive deal announced today to buy Prudential’s retirement plan business marks the second major acquisition the company has made in less than a year. Last year, the Greenwood Village, Colorado-based plan provider picked up MassMutual’s defined-contribution business via ...

Empower Retirement has reached a deal to buy Prudential’s retirement plan business, the companies announced Wednesday. Empower will pay $3.55 billion for the business, along with $2.1 billion to support it, with the latter coming from Prudential Retirement’s balance sheet ...