Transamerica Grows Retirement Plan Business With Newly Created Pooled Employer Plans

BALTIMORE, Oct. 14, 2020 /PRNewswire/ — Transamerica announced today that the company has been selected to be a retirement plan recordkeeper of the Lockton Northeast (NE) Series pooled employer plan. Lockton is a global professional services firm and the world’s largest privately held independent insurance broker. Pinnacle, an NPPG Company, will serve as the third party administrator and NPPG Fiduciary Services as the Pooled Plan Provider (PPP). This collaboration is a new milestone in Transamerica’s pioneering history in pooled retirement benefit plans, encompassing nearly two decades of advocacy and specialization.

To support the new Lockton NE Series pooled employer plan, Transamerica will leverage its pooled retirement plan experience. Transamerica can offer a flexible plan design to each adopting employer in the pooled plan, enabling employers to customize their retirement plan’s design elements based on employees’ needs. Transamerica also offers specialized recordkeeping specific to each adopting employer in the pooled

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Coworking space opens in Bethlehem, with plans to become a ‘business beehive’ and expand to Allentown, Easton

It came to Terry Wallace as an epiphany. On a Sunday about two years ago at his Palmer Township home, Wallace’s daughter Michaella posed a question before his weekly commute to New York City, where he kept an apartment for a job at WeWork.



Local art is on display at Venture X with these Bethlehem stars that were designed by Moravian College's art department students during a tour Oct. 7, 2020, in Bethlehem. In the 13,000-square-foot facility, there are 40 office spaces.


© Rick Kintzel/The Morning Call/The Morning Call/TNS
Local art is on display at Venture X with these Bethlehem stars that were designed by Moravian College’s art department students during a tour Oct. 7, 2020, in Bethlehem. In the 13,000-square-foot facility, there are 40 office spaces.



a living room filled with furniture and a large window: An open space in the common area at Venture X in Bethlehem.


© Rick Kintzel/The Morning Call/The Morning Call/TNS
An open space in the common area at Venture X in Bethlehem.

“Are you going home tonight?” she asked.

Wallace, thinking he was home, realized it was time for a change, after two decades of commuting to New York. So he left WeWork and decided to start his own business — near home, in

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US Senate plans vote on business aid amid stimulus deadlock

Senate Majority Leader Mitch McConnell on Tuesday said lawmakers would vote on a small businesses loan program to help firms damaged by the coronavirus pandemic, but the prospects for approval are dim.

Democrats and Republicans in Congress remain locked in a prolonged disagreement over how much additional stimulus is needed to support the economy, with Democrats holding out for a larger, broader package than the narrowly-focused measure McConnell proposed.

The Republican leader said senators would vote on adding more money to the Paycheck Protection Program (PPP), which provided hundreds of billions of dollars in loans and grants to small businesses but ran out of money in August.

“Republicans do not agree that nothing is better than something for working families,” McConnell said, without saying how much the proposal would cost.

“The American people need Democrats to stop blocking bipartisan funding and let us replenish the PPP before more Americans lose

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5G Wireless Existential Business Plans, According to New Report by fibeReality, LLC

Press release content from Business Wire. The AP news staff was not involved in its creation.

MCLEAN, Va.–(BUSINESS WIRE)–Oct 12, 2020–

fibeReality, LLC announced in a newly published study that the 5G strategy of Verizon Wireless and other mobile network operators is simply about ensuring their sheer survival because of the intense concern of running out of adequate capacity in general, based on the burgeoning data requirements of their current and near-term customers. Verizon’s 5G Enterprise: Hoarding mmWave for Viability states that although being compelled to quickly respond to getting hammered on the marketing side for full nationwide 5G offerings, especially by T-Mobile, Verizon has already gained a vital network cost and efficiency advantage in maximizing its internal scale capability, including deploying the most optimal architectural design, and encompassing its fiber support infrastructure.

“There has been a false industry-wide narrative that the main purpose of 5G

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Polo entrepreneur Janek Gazecki behind plans for Bondi Beach club defends proposal

A polo entrepreneur who plans to turn part of Bondi into an exclusive beach club with an $80 entry fee has defended his controversial proposal, insisting he isn’t an ‘elitist’.

Janek Gazecki made a proposal to Waverley Council to erect luxury cabanas roped off from the public over a 40 metre stretch of sand on Australia’s most iconic beach.

But the former lawyer’s goal to take over two per cent of the beach near Roscoe Street to serve expensive food and cocktails to ‘high net worth’ customers was met with swift backlash. 

‘It’s‌ ‌not‌ ‌elitist‌ ‌to‌ ‌give‌ ‌people‌ ‌an‌ ‌opportunity‌ ‌to‌ ‌enjoy‌ ‌the‌ ‌beach‌ ‌in‌ ‌a‌ ‌different‌ ‌way. It’s‌ ‌diversifying‌ ‌the‌ ‌use‌ ‌of‌ ‌the‌ ‌beach,’ Mr Gazecki told the Sydney Morning Herald. 

‌Waverley‌ ‌Council ‌initially‌ ‌rejected the proposal, deeming it ‌unsuitable, but staff are now considering allowing the exclusive beach club to go ahead.

Former lawyer and polo entrepreneur Janek

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Resources for end-of-life planning, from wills to emergency health plans

The pandemic has prompted people of all ages to consider wills and emergency health plans.

At a minimum, lawyers recommend New Yorkers complete a health care proxy and consider a power of attorney, which, respectively, allow others to steer their treatment and finances, if necessary.

Here are few resources for end-of-life planning.

Definitions and documents

When and why

Consider and codify your preferences when you’re healthy because documents cannot be finalized if there are questions about your ability to understand what you’re signing, said Maria Hunter, director of the public benefits unit at New York Legal Assistance Group, which provides free financial planning and legal assistance to low-income New Yorkers.

Be aware that if your wishes do not match the state’s framework, you will want to draft your own plans. Working with an attorney becomes more important when your preferences are “jumping the line,” according to Erika Verrill, attorney for

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IBM plans to split off lagging legacy tech business as focus shifts to cloud.

IBM is splitting itself in two, spinning off its legacy technology services business to focus on cloud computing and artificial intelligence, a move that reflects how decisively computing has shifted to the cloud.

The split is IBM’s effort to grab more of that fast-growing business and thrive amid the market leaders, Amazon Web Services, Microsoft and Google.

The business retaining the IBM name will include its cloud operations, along with its hardware, software and consulting services units. They represent about three quarters of the current company’s revenue.

The business to be spun off, in a company that has not yet named, is IBM’s basic technology services business, which maintains, supports and upgrades the computing operations of thousands of corporate customers.

That business is sizable, with sales of about $19 billion a year, but it’s not where the growth opportunities lie in the technology business.

The split comes as

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Donald Trump, Joe Biden’s H-1B visa plans



a person standing in front of a flat screen television: US President Donald Trump and Democratic presidential nominee Joe Biden participate in their first 2020 presidential campaign debate in Cleveland


© Provided by Quartz
US President Donald Trump and Democratic presidential nominee Joe Biden participate in their first 2020 presidential campaign debate in Cleveland

The woes of H-1B visa aspirants won’t end even if Donald Trump loses the presidential elections in November.

Trump, with his aggressive anti-immigration rhetoric, is often perceived as the only force against the US long-term work visa. But, if one reads the fine print of Joe Biden’s stance on immigrant workers, it is clear that things will never go back to as good as they once were.

During his campaign, Biden has promised to be less harsh with H-1B restrictions, expand the number of available visas, and even do away with country quotas for green cards—the reason why most Indians have to wait for several decades to get one.

Biden has also said he will ensure that foreign students getting PhD degrees in science, technology,

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Amazon Plans Vancouver Expansion Where Talent Is Cheap

(Bloomberg) — Amazon.com Inc. expects to nearly triple its workforce in Vancouver, where software engineers are cheap, smart and plentiful.



a large body of water with a city in the background: Boats travel in False Creek near the downtown Vancouver, British Columbia, Canada, on Sunday, June 2, 2019. Canada is scheduled to release gross domestic product (GDP) figures on June 28.


© Bloomberg
Boats travel in False Creek near the downtown Vancouver, British Columbia, Canada, on Sunday, June 2, 2019. Canada is scheduled to release gross domestic product (GDP) figures on June 28.

The online retail giant plans to occupy a bunker-like former Canada Post mailing center that’s being redeveloped into a new 1.1 million square-foot office to house 8,000 jobs by 2023, Jesse Dougherty, a vice president and Vancouver site lead at Amazon, said by phone. Currently, the company has 2,700 full-time employees at its city hub. It also plans to add 500 jobs in Toronto, according to a statement released Monday.

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A weak loonie, lower wages and a steady flow of graduates make Canada an attractive place to expand for tech companies whose largest expense is labor.

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Frasers bonus plan, G4S takeover bid, Tesco plans

The board of Frasers Group, which owns Sports Direct, has urged shareholders to back a £100m company bonus scheme. Photo: Toby Melville/Reuters
The board of Frasers Group, which owns Sports Direct, has urged shareholders to back a £100m company bonus scheme. Photo: Toby Melville/Reuters

Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and around the world:

Frasers Group board back £100m staff bonus plan

The board of Frasers Group, majority-owned by Mike Ashley, has urged shareholders to back a £100m ($128.9m) company bonus scheme that “could be worth in excess of £100m” for staff.

The company, which owns Sports Direct, Flannels, Evans Cycles, USC, Jack Wills and GAME, said in a statement the “vast majority” of workers could receive cash or stock bonuses if its share price reaches a target level.

“Eligible and qualifying” workers could receive cash bonuses for up to four weeks’ salary, while 1,000 outstanding staff could receive shares worth between £50,000 and around £1m.

The scheme would run

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