Regulation

Theresa May taps new secretary of state for work and pensions

International -

International -

Esther McVey was appointed secretary of state for work and pensions as part of a reshuffle by Prime Minister Theresa May.
Renewed focus, action needed for defined contribution plan annuities

OPINION -

OPINION -

It is time to move forward and clear the path to providing in-plan annuities options for defined contribution plan participants.
Fiscal woes greeting N.J. governor

Pension Funds -

Pension Funds -

As the New Jersey Pension Plan's assumed rate of return goes down, the political financing battle heats up.
U.K. extends defined ambition consultation; industry split on appropriateness

Defined Contribution -

Defined Contribution -

The U.K. government gave the industry until the end of the month to contribute to the defined ambition inquiry launched in November.
Canadian plans prepare to increase risk assets

PENSION FUNDS -

PENSION FUNDS -

Funding relief in Ontario and Quebec could mean less derisking and more investment in alternatives in the new year.
Early interest rate increase in Europe a worry for investors
European institutional investors are preparing for a rate hike in the new year as the European Central Bank slows quantitative easing.
Tax law's pass-through provision could harm 401(k) plans

LEGISLATION -

LEGISLATION -

The new tax law's provision on pass-through businesses is proving to be one of the most challenging to dissect.
CFTC to explore cryptocurrency risks

Regulation -

Regulation -

J. Christopher Giancarlo warned of risks with cryptocurrencies and said the CFTC would hold meetings to review derivatives.
Commentary: 5 questions church pension plan sponsors should ask to avoid legal trouble

INDUSTRY VOICES -

INDUSTRY VOICES -

Plan sponsors looking to maintain a plan as a church plan need to ask sensible questions to alleviate potential headaches and significant costs.
Former ConvergEx transition management head settles with SEC over high execution costs

Courts -

Courts -

Khaled Bassily, former head of transition management at ConvergEx Execution Solutions, will pay about $1 million to settle SEC charges.
Commentary: The world according to Trump – Year 2

INDUSTRY VOICES -

INDUSTRY VOICES -

Donald Trump's first year as president left many in asset management wondering what to expect. What does 2018 hold?
Cuomo suggests shifting away from state income tax, will 'explore' carried-interest taxes

LEGISLATION -

LEGISLATION -

Gov. Andrew Cuomo laid out three mechanisms New York could substitute for its income tax, including a tax on carried interest paid to managers.
Commentary: The $5 billion consideration for governmental and ERISA plan fiduciaries

INDUSTRY VOICES -

INDUSTRY VOICES -

Plan executives should be hypervigilant in ensuring they are receiving best execution.
MiFID shakeup goes smoothly even as trading volumes dry up

Regulation -

Regulation -

The biggest regulatory change in Europe in 10 years got off to a comparatively smooth start.
Leon Black's tax-overhaul dilemma could alter Wall Street model

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Overhauled tax rules may cause some publicly traded partnerships – including private equity firms – to revisit their business structures.