On March 16, 2022, Senate Banking Committee Chairman Sherrod Brown wrote to the National Association of Insurance Commissioners (NAIC) and the Federal Insurance Office (FIO) of the U.S. Treasury Department highlighting concerns about private equity’s growing role in the insurance industry and asking the two regulatory bodies to further study the issue and report to Congress no later […]
Author Archive for: aawatch
This author has not written his bio yet.
But we are proud to say that aawatch contributed 5 entries already.
Entries by aawatch
On December 7, 2021, the Financial Stability Task Force of the National Association of Insurance Commissioners (NAIC) discussed private equity ownership of life insurers. The task force will assign a subsidiary working group to examine issues related to private equity ownership of insurers (though not necessarily exclusive to private equity-owned insurers). It published a draft […]
Illinois State Treasurer Michael Frerichs, Wisconsin State Treasurer Sarah Godlewski, and Colorado State Treasurer David Young sent a letter to Secretary of Labor Marty Walsh calling for new guidance from the Department of Labor to ensure the safekeeping of retirement assets when plans transfer liabilities to insurers. Citing the growing role of private equity-backed insurers […]
Retirees for Justice, a retiree advocacy group committed to preserving earned benefits for retirees and their families, has joined the call for the DOL to update its guidance for pension plan fiduciaries regarding the selection of an annuity provider when transferring liabilities for benefits. “Retiree earned benefits are not handouts. Many of today’s retirees worked […]
EBSA nominee Lisa Gomez commits to work on the issue in the interests of workers and their families On October 7, 2021, a confirmation hearing was held by the U.S. Senate Committee on Health, Education, Labor and Pensions on the nomination of Lisa Gomez to head the Employee Benefits Security Administration (EBSA), the agency of […]
UNITE HERE is a union of hotel, casino, and food service workers. Our members are beneficiaries of pension funds with over $60 billion in assets.
Nothing on this website should be construed as investment advice.