Pension plan sponsors posing the greatest risk of defaulting will be the focus of new, “reportable events” rules from the Pension Benefit Guaranty Corp. expected Friday.
September 10, 2015 | 03:47 pm
Federal regulators charged with implementing the Multiemployer Pension Reform Act of 2014 heard from concerned retirees and pension experts Thursday during a hearing convened by the IRS.
September 10, 2015 | 03:37 pm
Defined benefit plan sponsors may make standing elections instead of quarterly calculations and filings to apply credit balances toward quarterly contribution installments, under final rules...
September 09, 2015 | 04:22 pm
The continuing rise in PBGC premiums and the eventual incorporation of new mortality tables into lump-sum calculation regulations in 2017 make these offers attractive for 2015 and likely 2016.
September 09, 2015 | 10:16 am
Hedge fund and other private fund managers will have to revisit whether they know enough about their clients under recently proposed anti-money laundering rules, experts said.
September 07, 2015
Prophecies of a tougher Department of Labor when it comes to exempting asset managers with a parent company in legal trouble started coming true this summer.
September 07, 2015
Sponsors of 401(k) plans might be reluctant to change the default investment options they use to automatically enroll employees, despite regulatory safe harbors, said a Government Accountability...
September 04, 2015 | 04:11 pm
Proposed rules for states to set up auto-enrollment IRA savings programs for private-sector employees were submitted for interagency review by the Department of Labor on Wednesday.
September 03, 2015 | 04:11 pm
The IRS' decision to stick with 15-year-old mortality assumptions will save corporate defined benefit plan sponsors at least $18 billion in contributions in 2016 and be a credit positive for them,...
September 02, 2015 | 04:06 pm
Procedures for allowing multiemployer plan participants to vote on benefit reductions in distressed plans were issued by the IRS on Wednesday.
September 02, 2015 | 03:28 pm
Rich McHugh on Tuesday was named vice president of Washington affairs for the Plan Sponsor Council of America.
September 01, 2015 | 02:26 pm
The Department of Labor is tentatively denying affiliates of Deutsche Bank AG, UBS AG and Royal Bank of Scotland Group the right to serve U.S. retirement plan clients because of criminal convictions...
August 28, 2015 | 01:47 pm
Hedge fund, private equity and other private fund managers will have to develop anti-money laundering programs under rules proposed Tuesday by the Treasury Department's Financial Crimes Enforcement...
August 26, 2015 | 03:59 pm
How the Department of Labor interprets fiduciary duty is getting a lot of attention these days.
August 24, 2015
As part of their presidential nomination campaigns, Bernie Sanders and Martin O'Malley both have proposed a financial transaction tax, designed to tap a lucrative source of revenue and target trading ...