Regulation

U.K. to open secondary annuity market in 2017

The U.K. will establish a secondary annuity market starting in April 2017, as the government continues to extend its pension freedoms.

December 15, 2015 | 03:32 pm
Threadneedle fined 6 million for inadequate controls in front-office operations

Threadneedle fined 6 million for inadequate controls in front-office operations

Threadneedle Asset Management was fined £6 million ($9.1 million) for failing to put in place adequate controls in the fixed-income side of its front-office operations, including the emerging...

December 15, 2015 | 11:10 am
SEC expected to take big step in BP company stock lawsuit

SEC expected to take big step in BP company stock lawsuit

The Securities and Exchange Commission is poised to play an expanded role in ERISA litigation on how securities laws affect fiduciaries' management of company-stock funds in defined contribution plans.

December 14, 2015
U.K. Financial Reporting Council to follow up on manager engagement with companies

U.K. Financial Reporting Council to follow up on manager engagement with companies

The U.K. Financial Reporting Council will publicly grade money managers on how well they follow a stewardship code that sets standards for investors to monitor and engage with companies they own.

December 14, 2015 | 01:43 pm
SEC administrative overhaul welcomed, but critics seek more

SEC administrative overhaul welcomed, but critics seek more

Critics of the Securities and Exchange Commission's handling of administrative proceedings are welcoming the agency's latest efforts to modernize the rules, but vow to push for more sweeping changes.

December 14, 2015

Treasury reopens comment period on union benefit-reduction proposal

The Treasury Department reopened the comment period for the benefit reduction application by the Teamsters Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Ill.

December 14, 2015
New mortality tables – again!

New mortality tables – again!

In October, the Society of Actuaries published an update to the mortality tables that were released in the fall of 2014. The update consists of a new mortality improvement projection scale (MP-2015). ...

December 09, 2015 | 12:01 am

Highway bill rolls back new Form 5500 filing deadline

Plan sponsors got a bit of Form 5500 filing clarity in the highway bill passed by Congress on Thursday that was headed for President Barack Obama’s signature Friday.

December 04, 2015 | 03:52 pm
States offer promise in addressing retirement crisis

States offer promise in addressing retirement crisis

The Department of Labor's recent proposal to allow states to create retirement savings programs for private-sector employees is finally doing something about America's coming retirement crisis....

December 03, 2015 | 01:23 pm

Ontario eyes dropping 30% voting share limit for provincial pension plans

Ontario’s Finance Ministry in early 2016 plans to draft legislation to remove a 30% limit on public and corporate pension funds in the province holding voting shares of an individual company.

December 02, 2015 | 03:39 pm
Supreme Court hears arguments on whether state mandates are pre-empted by ERISA

Supreme Court hears arguments on whether state mandates are pre-empted by ERISA

The question of whether state reporting mandates for benefit plans are pre-empted by ERISA was argued before the Supreme Court on Wednesday.

December 02, 2015 | 01:44 pm
Supreme Court hears arguments in securities lawsuit jurisdiction case

Supreme Court hears arguments in securities lawsuit jurisdiction case

The Supreme Court heard arguments Tuesday in a case challenging whether investors can sue in state courts for securities violations.

December 01, 2015 | 03:41 pm
DOL proposal on state plans raises concerns from providers

DOL proposal on state plans raises concerns from providers

Proposed rules from the Department of Labor that give the green light to states to consider creating retirement savings programs for some private-sector workers are raising concerns among service...

November 30, 2015
SEC proposal  aims spotlight on dark-pool operations

SEC proposal aims spotlight on dark-pool operations

Dark pools and other alternative trading systems would be required to file detailed disclosures about their operations, and the activities of their broker-dealer operator and its affiliates as part...

November 30, 2015
SEC management enforcement unit evolves into respected watchdog

SEC management enforcement unit evolves into respected watchdog

As the Securities and Exchange Commission celebrates the fifth anniversary of an enforcement unit dedicated to the money management industry, people inside and out of the agency say the unit has led...

November 30, 2015