Washington

GFOR: BlackRock's Fink says country is at 'a crossroads'

GFOR: BlackRock's Fink says country is at 'a crossroads'

Laurence D. Fink, BlackRock chairman and CEO, believes “we're at a major crossroads” in the U.S., because “we have a real absence of savings toward retirement” in the private...

June 16, 2015 | 04:41 pm
DOL fiduciary rule in crosshairs of new spending bill

DOL fiduciary rule in crosshairs of new spending bill

A House bill introduced Tuesday would stop a Labor Department proposal to change investment advice standards for retirement accounts.

June 16, 2015 | 05:19 pm

Auto IRAs would benefit workers, but higher contributions needed, EBRI report says

Introduction of automatic enrollment for individual retirement accounts would improve retirement readiness especially for younger age cohorts so long as opt-outs were low and contributions were...

June 16, 2015 | 03:39 pm
GFOR: Economists debate role of government in economy

GFOR: Economists debate role of government in economy

Money managers could be the beneficiaries of 63 million more people saving for retirement if governments change tax policies to address income equality and labor productivity, said New School...

June 15, 2015 | 12:05 pm
N.J. contribution ruling called

N.J. contribution ruling called "double-edged sword'

The New Jersey Supreme Court's ruling that allowed the state to renege on a pension funding promise is seen as “a double-edged sword” by ratings agencies.

June 15, 2015
Clients view money managers apart from tainted parents

Clients view money managers apart from tainted parents

Banks' admitted wrongdoing seems to have little to no effect on clients of their asset management businesses.

June 15, 2015
SEC scrutinizing stapled transactions

SEC scrutinizing stapled transactions

General partner-driven stapled transactions, a small but growing corner of the private equity secondary market, are drawing the attention of the Securities and Exchange Commission because of...

June 15, 2015
IRS to halt issuing certain determination letters

IRS to halt issuing certain determination letters

The IRS' plan to stop issuing some determination letters, necessary proof for companies that their retirement plans are tax qualified, puts plan executives into the hot seat.

June 15, 2015
New way to count retirement tax deductions possible, Putnam's Reynolds says

New way to count retirement tax deductions possible, Putnam's Reynolds says

Tax reform is not likely to happen until 2017, but some changes to protect the tax advantages of retirement savings could come sooner, Robert L. Reynolds, CEO of Great-West Financial and Putnam...

June 09, 2015 | 02:36 pm
PBGC opens money management door to smaller firms

PBGC opens money management door to smaller firms

The PBGC is launching a pilot program to give smaller firms a chance to manage some of its $85 billion trust fund portfolio, starting with fixed income, agency officials said Monday at a pre-bid...

June 08, 2015 | 03:29 pm
European pension funds get additional 2-year reprieve on clearing regulation

European pension funds get additional 2-year reprieve on clearing regulation

European Pension funds have been granted an additional two-year exemption from a requirement to centrally clear certain derivatives trades.

June 05, 2015 | 01:37 pm
Former SEC chairwoman takes senior adviser position at activist hedge fund

Former SEC chairwoman takes senior adviser position at activist hedge fund

Mary Schapiro, former chairwoman of the SEC, was named senior adviser for governance and regulatory matters at activist hedge fund Hudson Executive Capital.

June 03, 2015 | 03:24 pm
Pension fund coalition campaigns for SIFI exclusion

Pension fund coalition campaigns for SIFI exclusion

A coalition of pension fund representative associations across the U.S. and Europe has urged regulators to follow through with a proposed exclusion of pension funds from designation as systemically...

June 02, 2015 | 03:06 pm
Sen. Warren calls out SEC chairwoman for 'extremely disappointing' leadership

Sen. Warren calls out SEC chairwoman for 'extremely disappointing' leadership

Sen. Elizabeth Warren, D-Mass., on Tuesday criticized SEC Chairwoman Mary Jo White for “extremely disappointing” leadership.

June 02, 2015 | 03:56 pm

Government Accountability Office looking for help on DC surveys

The Government Accountability Office is looking for responses on its surveys about defined contribution plans' use of eligibility and vesting requirements, and lifetime income options 401(k) plans...

June 02, 2015 | 04:02 pm