1. Empower Retirement to Acquire Retirement-plan Business of MassMutual

    Empower Retirement to Acquire Retirement-plan Business of MassMutual

    Empower Retirement and Massachusetts Mutual Life Insurance Co. (MassMutual) announced they have entered into a definitive agreement for Empower to acquire the MassMutual retirement-plan business. The acquisition will capitalize on both firms’ expertise, provide technological excellence and deep product capabilities, and create scale to the benefit of retirement-plan participants and their employers.

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