Pension

IRHYTHM SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against iRhythm Technologies, Inc. - IRTC

Retrieved on: 
Wednesday, February 7, 2024

This action is pending in the United States District Court for the Northern District of California.

Key Points: 
  • This action is pending in the United States District Court for the Northern District of California.
  • The case is Glazing Employers and Glaziers’ Union Local #27 Pension and Retirement Fund v. iRhythm Technologies, Inc., No.
  • About Kahn Swick & Foti, LLC
    KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms.
  • KSF has offices in New York, Delaware, California, Louisiana and New Jersey.

Brian Delgado Joins Transwestern as Global Head of Capital Markets

Retrieved on: 
Wednesday, February 7, 2024

HOUSTON, Feb. 7, 2024 /PRNewswire/ -- Transwestern announces Brian Delgado has been named Senior Managing Director, Global Head of Capital Markets. In this role, Delgado will partner with Charles Hazen, President of Transwestern Investment Group (TIG®), and Carleton Riser, President of Transwestern Development Company (TDC®) to lead business development and capital raising efforts for the Transwestern companies.

Key Points: 
  • New Role Dedicated to U.S. and Foreign Capital-Raising Efforts
    HOUSTON, Feb. 7, 2024 /PRNewswire/ -- Transwestern announces Brian Delgado has been named Senior Managing Director, Global Head of Capital Markets.
  • In this role, Delgado will partner with Charles Hazen, President of Transwestern Investment Group (TIG®), and Carleton Riser, President of Transwestern Development Company (TDC®) to lead business development and capital raising efforts for the Transwestern companies.
  • "Brian is an astute capital markets leader with a deep understanding of the global investment market and an ability to build strategic partnerships," said Hazen.
  • Previously, he was head of international fundraising at Rockpoint Group, and spent 15 years at GE Capital, most recently as Head of Capital Raising and Investor Relations in the United Kingdom and Asia Pacific.

Dayforce Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 7, 2024

MINNEAPOLIS and TORONTO, Feb. 07, 2024 (GLOBE NEWSWIRE) --  Dayforce, Inc. ("Dayforce" or the “Company" formerly known as ("f/k/a") Ceridian HCM Holding Inc.) (NYSE:DAY) (TSX:DAY), a global leader in human capital management ("HCM") technology, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • “Dayforce delivered another strong quarter underpinned by record enterprise go-lives and operating cash flows,” said David Ossip, Chair and CEO of Dayforce.
  • Tax migration from legacy infrastructure to the same platform as Dayforce completed in the first quarter of 2023 contributed approximately 440 basis points of growth to Dayforce recurring revenue, excluding float in the fourth quarter of 2023.
  • Tax migration from legacy infrastructure to the same platform as Dayforce completed in the first quarter of 2023 contributed approximately 490 basis points of growth to Dayforce recurring revenue, excluding float in the full year of 2023.
  • Dayforce will host a live webcast to discuss the fourth quarter and fiscal year 2023 earnings at 8:00 a.m. Eastern Time on February 7, 2024.

Shareholder Alert: Bernstein Litowitz Berger & Grossmann LLP Announces the Filing of Securities Class Action Lawsuit Against iRhythm Technologies, Inc.

Retrieved on: 
Wednesday, February 7, 2024

The action is brought on behalf of all persons or entities that purchased or otherwise acquired iRhythm common stock between January 11, 2022, and May 30, 2023, inclusive (the “Class Period”).

Key Points: 
  • The action is brought on behalf of all persons or entities that purchased or otherwise acquired iRhythm common stock between January 11, 2022, and May 30, 2023, inclusive (the “Class Period”).
  • The complaint is based on an extensive investigation and a careful evaluation of the merits of this case.
  • The Company’s principal product is a monitoring patch that provides electrocardiogram (“ECG”) monitoring for up to 14 days, called Zio XT.
  • As a result of these misrepresentations, the price of iRhythm common stock traded at artificially inflated prices throughout the Class Period.

Eaton Partners Acts as Exclusive Placement Agent for 3 Boomerang Capital’s First Fund

Retrieved on: 
Tuesday, February 6, 2024

STAMFORD, Conn., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Eaton Partners, one of the largest placement agents and fund advisory firms and a wholly-owned subsidiary of Stifel Financial Corp. (NYSE: SF), is pleased to have acted as the exclusive placement agent for 3 Boomerang Capital (“3 Boomerang” or the “Firm”), for its flagship private equity fund, 3 Boomerang Capital I, LP (the “Fund”).

Key Points: 
  • STAMFORD, Conn., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Eaton Partners, one of the largest placement agents and fund advisory firms and a wholly-owned subsidiary of Stifel Financial Corp. (NYSE: SF), is pleased to have acted as the exclusive placement agent for 3 Boomerang Capital (“3 Boomerang” or the “Firm”), for its flagship private equity fund, 3 Boomerang Capital I, LP (the “Fund”).
  • The oversubscribed Fund closed over $375 million of commitments from a diverse investor group, including leading endowments, foundations, pensions, insurers, fund of funds, family offices, and 3 Boomerang professionals.
  • 3 Boomerang is backed by a distinguished team of 11 professionals with expertise spanning North America and Western Europe.
  • “We greatly value our partnership with the 3 Boomerang team and we wish them continued success.”

Money and ageing: South African study shows cash grants help people live longer and have better memory function

Retrieved on: 
Tuesday, February 6, 2024

The largest components of the South African social grant system were introduced, or expanded to include the full population, in the 1990s.

Key Points: 
  • The largest components of the South African social grant system were introduced, or expanded to include the full population, in the 1990s.
  • Since then, the system has evolved into one of the most comprehensive in the global south.
  • In addition to their direct financial benefits, the grants have been found to have a wide range of positive effects.
  • Across a series of recent studies conducted as part of an extensive research project in a rural part of South Africa, we have established that social grants can help older South Africans protect their cognitive health and live longer.

How we did the studies and what we learnt

  • This rural campus of the University of the Witwatersrand was established to track and understand health and well-being in these rural environments.
  • The Agincourt project is also a platform for other studies to collect more detailed information on certain community members.
  • We also used data from Health and Aging in Africa: Longitudinal Studies in South Africa.
  • In a second study we examined the impact of the older person’s grant, a public pension, on men’s later-life cognitive health.
  • We also observed a “stair step” pattern, where cognitive function was progressively better for each extra year of pension eligibility.

Looking forward


Our results so far clearly point to the benefits of South Africa’s social grant programmes for older adults as they are currently structured. They suggest that as South Africa ages in the upcoming decades, sustained investments in these programmes will pay off in better health and well-being of the country’s most vulnerable older adults.
Molly Rosenberg receives funding from the United States National Institute on Aging of the National Institutes of Health (grant number R01AG069128) Lindsay Kobayashi is supported by the National Institute on Aging of the US National Institutes of Health (grant numbers R01 AG069128 and R01 AG070953).
Chodziwadziwa Whiteson Kabudula and Kathleen Kahn do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

The Standard Hires Michael Teigland as National Accounts Sales Director for Retirement Plans

Retrieved on: 
Tuesday, January 30, 2024

The Standard recently hired Michael Teigland as national accounts sales director for Retirement Plans.

Key Points: 
  • The Standard recently hired Michael Teigland as national accounts sales director for Retirement Plans.
  • With the significant increase in demand for innovative solutions including pooled employer plans and managed accounts, Teiglandl’s role enhances our delivery of strategies and tools for advisory firms.
  • View the full release here: https://www.businesswire.com/news/home/20240130688310/en/
    Michael Teigland, national accounts sales director for Retirement Plans at The Standard.
  • “Michael is an experienced leader with an impressive track record of assisting advisor partners through business plan development and relationship management,” said Patrick Bushlack, director of business development in Retirement Plans at The Standard.

Pacific Life Teams Up with Fidelity Investments on New Retirement Solution to Provide Guaranteed Lifetime Income

Retrieved on: 
Tuesday, January 30, 2024

Pacific Life announced today a collaboration with Fidelity Investments to provide Pacific Lifetime Income (a single premium immediate annuity or SPIA) for Fidelity's new retirement income solution, Guaranteed Income Direct (GID).

Key Points: 
  • Pacific Life announced today a collaboration with Fidelity Investments to provide Pacific Lifetime Income (a single premium immediate annuity or SPIA) for Fidelity's new retirement income solution, Guaranteed Income Direct (GID).
  • GID is an innovative retirement income solution that allows individuals to convert a portion of their defined contribution plan savings into an annuity, ensuring consistent, guaranteed payments throughout their retirement journey.
  • The solution features institutional pricing and the flexibility for individuals to convert any amount of their retirement plan savings into retirement income.
  • “Pacific Life is excited to collaborate with Fidelity Investments on Guaranteed Income Direct,” said Michael Oler, assistance vice president and head of Pacific Life’s Defined Contribution Lifetime Income team.

Social Security Commissioner Martin O'Malley and U.S. Senator Bill Cassidy to Deliver Keynote Remarks at the National Institute on Retirement Security Retirement Policy Conference

Retrieved on: 
Thursday, February 1, 2024

WASHINGTON, Feb. 1, 2024 /PRNewswire/ -- The National Institute on Retirement Security (NIRS) will hold its 15th Annual Retirement Policy Conference on Tuesday, February 27, 2024, in Washington, D.C. At this event, retirement experts and leaders will discuss key retirement policy challenges and opportunities, including efforts to strengthen Social Security and improve employee retirement benefits. The event also will feature a new national poll detailing Americans' views on retirement.

Key Points: 
  • The event also will feature a new national poll detailing Americans' views on retirement.
  • Uniting for the Future: Accelerating Retirement Policy Progress will be held at The Park Hyatt Washington , located at 1201 24th Street N.W., in Washington, D.C.
  • What: 15th Annual Retirement Policy Conference | Uniting for the Future: Accelerating Retirement Policy Progress
    Location: The Park Hyatt Washington | 1201 24th Street N.W., Washington, D.C.
  • The National Institute on Retirement Security is a not-for-profit organization established to contribute to informed policymaking by fostering a deep understanding of the value of retirement security to employees, employers, and the economy through national research and education programs.

RBC Wealth Management survey: Retirement worries intensify as planning and saving get more complex

Retrieved on: 
Thursday, February 1, 2024

Knowing that they can't solely rely on pensions and Social Security to cover every-day expenses, for this generation creating reliable income in retirement or a 'retirement paycheck' is also an important consideration.

Key Points: 
  • Knowing that they can't solely rely on pensions and Social Security to cover every-day expenses, for this generation creating reliable income in retirement or a 'retirement paycheck' is also an important consideration.
  • The survey also shows an increase of concerns around market volatility, dying early and leaving a legacy when compared to RBC Wealth Management's last survey from 2018.
  • To help meet this need, RBC Wealth Management created a guide for creating a paycheck in retirement and a new Retirement Paycheck tool for financial advisors to provide clients with a simple snapshot of their retirement income.
  • It simplifies the question of 'How am I going to live in retirement?'"