Managers contest change in oversight
By Doug Halonen November 16, 2009Money managers are fighting legislation that would — for the first time — subject the roughly 4,000 firms associated with broker-dealers to regulation by the Financial Industry Regulatory Authority.
Defined contribution plans going under the microscope
By Randy Diamond November 16, 2009Defined contribution plans will be the subject of intense scrutiny and proposed federal regulations over the coming months.
Battle for advisers
November 16, 2009The oversight of money managers is veering off course in the proposals for the restructuring of regulation to allow the dots to be connected more easily during a budding financial crisis as well as uncover at individual firms specific violations or troubles putting investors at risk.
Placement-agent ban would harm pension funds
By Michael Travaglini November 16, 2009Policymakers, despite best intentions, often craft the wrong answers to the right problems. One recent example of this phenomenon involves the proposed Securities and Exchange Commission rule regarding placement agents.
Delaplane: It'll be regulation, not legislation
November 3, 2009The main message for plan sponsors from James M. Delaplane Jr.'s keynote address that kicked off Pensions & Investments' 12th annual West Coast Defined Contribution Conference was simple: it's going to be about regulation, not legislation.
Target-date disclosure to get closer look from EBSA
By Doug Halonen November 2, 2009Officials at the Department of Labor's Employee Benefits Security Administration are reviewing whether there should be more disclosure of target-date funds used by defined contribution plans as qualified default options, Phyllis Borzi, assistant labor secretary, testified last week before the Senate's Special Committee on Aging.
Alternatives manager registration bill clears panel
By Doug Halonen October 28, 2009The House Financial Services Committee approved legislation that would require managers of hedge funds and private equity firms with more than $150 million under management to register with the SEC....
SEC official: Another run would shake up money fund industry
By Sara Hansard October 19, 2009If money market funds experience another run similar to the one that occurred in September 2008, the industry would be unlikely to survive in its current form, according to an SEC official.
Survey: No to sole trustee
By Jeff Nash October 19, 2009The New York State Common Retirement Fund, Albany, should scrap its sole trustee system, respondents to a Pensions & Investments' survey believe.
Managers to pick up the check?
By Doug Halonen October 19, 2009Money managers could be forced for the first time to pay for oversight by the Securities and Exchange Commission under legislation expected to be considered by the House Financial Services Committee as soon as this week.
IRS will keep 401(k) contribution limits steady for next year
By Sara Hansard October 15, 2009Contribution limits for 401(k) plans will remain unchanged next year, the Internal Revenue Service announced.
Progress seen in defined contribution plans; still long way to go
By Jeff Nash October 5, 2009Defined contribution plan executives and money managers still have plenty of work to do in adopting some of the best practices laid out in the Pension Protection Act of 2006, according to Seth J. Masters, chief investment officer of AllianceBernstein Defined Contribution Investments.
The case for stable value fund QDIA
By Christine C. Marcks October 5, 2009The Department of Labor should help Americans achieve greater retirement security by adding stable value funds to the list of approved qualified default investment alternatives for 401(k) and other defined contribution plans.
Kroll seeking institutions to help fund his new credit-rating firm
By Barry B. Burr October 2, 2009Jules B. Kroll, chairman of K2 Global Partners, a risk consulting firm, wants 10 to 20 institutional investors — pension funds, endowments, foundations and mutual funds — to invest in a credit-rating firm he expects to open in the first quarter of next year.
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