Regulation

House Ways and Means approves tax reform package

Legislation -

Legislation -

The House Ways and Means Committee approved their tax reform proposal Thursday by a 24-16 vote along party lines.
Greenwich: European investors plan to cut equity research spending by 1% ahead of MiFID II

Regulation -

Regulation -

European institutional investors plan to cut spending on equity research by 1% in the next 12 months ahead of MiFID II.
Sears reaches deal with PBGC to end 'ring-fence' for 140 properties

PENSION FUNDS -

PENSION FUNDS -

Sears Holdings Corp. reached an agreement with the PBGC to release about 140 Sears properties from an earlier "ring-fence arrangement."
ICMA: Most money managers plan to unbundle research costs globally as a result of MiFID II

REGULATION -

REGULATION -

The majority of money managers with business across the globe plan to unbundle research costs globally because of MiFID II.
Commentary: Time to actively look for opportunity in Japan

INDUSTRY VOICES -

INDUSTRY VOICES -

Institutional investors should take a closer look at Japanese equities and consider the value of being active in this growing market.
U.K.'s Pensions Regulator weighs whether fees charged to participants of small DC plans are fair

Defined Contribution -

Defined Contribution -

The Pensions Regulator in the U.K. is examining whether participants of small defined contribution plans are charged fees that are fair.
SEC is said to prepare easier path for new ETFs

REGULATION -

REGULATION -

SEC Chairman Jay Clayton is working to streamline the agency's ad hoc approach to approving new exchange-traded funds.
DOL asks Office of Management and Budget to approve 18-month fiduciary rule delay

REGULATION -

REGULATION -

A final rule that would delay the fiduciary rule for 18 months was sent by the DOL for approval by the Office of Management and Budget.
Jerome Powell tapped as next Federal Reserve chairman

WASHINGTON -

WASHINGTON -

Jerome Powell will be nominated by President Donald Trump to succeed Janet Yellen as chairman of the Federal Reserve.
BT Group to consult with employees on proposed retirement plan changes

Pension Funds -

Pension Funds -

BT PLC, London, is set to consult with employees on proposed changes to its retirement arrangements
SEC nominees approved, making commission full for first time since 2015

Washington -

Washington -

Hester Peirce and Robert J. Jackson Jr. were confirmed Wednesday to serve on the SEC, bringing the commission to its full complement.
Central bank reversal puts managers on unsteady path

Investing -

Investing -

Money managers are becoming increasingly cautious and preparing for the next phase in the global economic cycle.
New laws could crack gender gap in money manager pay

LEGISLATION -

LEGISLATION -

New compensation laws across the U.S. banning employers from asking an applicant's salary history will change how money managers recruit.
CPP enhancements might spark some big changes

PENSION FUNDS -

PENSION FUNDS -

The CPP's enhancements could lead to plan design and benefit formula changes at other public and corporate retirement plans in Canada.
Attorney wants to simplify employee benefits law

REGULATION -

REGULATION -

A lawyer who admits he has benefited from the complexity of employee benefits law is encouraging his peers to simplify the process.