Managers

Pharmacy Benefit Managers Lobbying Pays Off as Congressional Reform Stalls

Washington, DC – Lobbying efforts by pharmacy benefit managers (PBMs) saw success as Congress failed to impose any regulations on their operations this spring. The Pharmaceutical Care Management Association, the largest trade group representing PBMs, significantly increased its lobbying spending by 71% in the first quarter of the year, from $2.8 million to $4.8 million. Despite the initial push for transparency and reforms in the PBM industry, the House passed a bill advocating for more …

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Retirement Crisis Looms as Asset Managers Race to Provide Solutions

New York, USA – Larry Fink, the chief executive of BlackRock, recently raised concerns about a possible “retirement crisis” in the United States. This issue not only underscores a widespread societal challenge but also points to a lucrative business opportunity for money managers, insurers, and other industry players aiming to capitalize on the growing demographic shifts. As longevity increases worldwide, countries are grappling with the financial burden of supporting aging populations. In the US, the …

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Executives Push for Increased Canadian Pension Plan Investments in Domestic Businesses, Facing Opposition from Pension Fund Managers

Toronto, Canada – Over 90 prominent business leaders and CEOs from Canada’s largest companies have joined forces to advocate for increased Canadian pension plan investments in domestic businesses. This initiative has sparked controversy among some of the country’s leading pension fund managers. In an open letter addressed to federal Finance Minister Chrystia Freeland and provincial counterparts, these executives, hailing from various industries such as auto parts, oil and gas, airlines, banking, and grocery retail, are …

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