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According to House Speaker Cameron Sexton, Attorney General Jonathan Skrmetti advised lawmakers that proposed changes to the so-called trigger law would better protect it from court challenges. Any large record-keeper acquisition causes problems for RPAs. Employers are in a powerful position to help improve heart health and reduce heart risk, while potentially reducing cardiovascular spend by offering a digital program as an employee benefit. Eversheds Sutherland served as legal counsel, and Goldman Sachs and Rockefeller Capital Management served as financial advisors to Empower. MassMutual's decision to sell its retirement plan business will impact 2,000 employees, most of them working at MassMutual's offices in Enfield, Connecticut, the company said. Retirement plan advisers should pay close attention. Empower named Best Company to Work for in Colorado by career website Zippia. MassMutual offers a wide range of financial products and services, including life insurance, disability income insurance, long-term care insurance, annuities, retirement plans and other employee benefits. Why private equity just invested $84 million in Guideline, Fintech Bytes: RBC selects Vestwell, Riskalyze partners with Opto, Morgan Stanley ESG ETFs get the cold shoulder, HSA participants fail to take full advantage of tax trifecta, Investors keep dumping Blackstone REIT shares, Striving to win at compassion? All visuals are illustrative only. 9 Questions You Should Ask About Life Insurance. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. MassMutuals retirement plan business includes defined contribution (DC), defined benefit (DB) and nonqualified plan offerings; commitments to participants, financial professionals and plan sponsors; and solutions to achieve financial wellness. GWFS Equities is a subsidiary of GWLA and an affiliate of Empower Retirement, LLC; Great-West Funds, Inc.; and registered investment advisers, Advised Assets Group, LLC and Personal Capital. Based on the terms of the agreement and subject to regulatory approvals, Empower will acquire the retirement plan business of MassMutual in a reinsurance transaction for a ceding commission of $2.35 billion. What is difference between assign and transfer. Home / / when did empower take over massmutual?. Registration does not imply a certain level of skill or training. All Rights Reserved. It's behind everything we do and every decision we make. Source: MassMutual. MassMutual enters into definitive agreement for Empower - Masslive Certain statements in this press release constitute forward-looking statements, representing managements current view of future events based on reasonable assumptions. Empower has been in a spending spree this year, signing an agreement in June to acquire Personal Capital, a digital-first registered investment adviser and wealth manager.