Washington

SEC's compliance office makes conflicts of interest a top priority

SEC's compliance office makes conflicts of interest a top priority

Conflicts of interest are a top priority for the Securities and Exchange Commission's office of compliance inspections and examinations, Andrew Bowden, OCIE director, told compliance professionals...

October 21, 2014 | 04:04 pm
SEC picks hedge fund expert as OCIE deputy director

SEC picks hedge fund expert as OCIE deputy director

Marc Wyatt was named deputy director of the SEC’s office of compliance inspections and examinations, the agency announced Monday.

October 20, 2014 | 03:45 pm

PBGC to take over Reichhold pension plan

The PBGC will take over the defined benefit plan of Reichhold Inc., the agency announced Friday.

October 17, 2014 | 02:58 pm

SEC enforcement sets record in FY 2014

The Securities and Exchange Commission filed a record 755 enforcement actions in fiscal year 2014 that led to $4.16 billion in disgorgement and penalties, according to preliminary figures released by ...

October 16, 2014 | 04:08 pm
Pension-related cases being heard by the Supreme Court

Pension-related cases being heard by the Supreme Court

The Supreme Court's new term includes cases challenging investors' burden of proof in securities litigation and whether 401(k) plan fiduciaries can be sued for investment choices made years earlier.

October 13, 2014

Regulation is top concern for boutique managers — report

Boutique money managers globally say regulation is the greatest potential hindrance to their success, with the proportion of those citing it as a major focus increasing to 42% compared with 2013.

October 13, 2014 | 02:49 pm

ISDA introduces rules to delay swaps termination rights

Swaps termination rights and collateral demands will be delayed under rules introduced by the International Swaps and Derivatives Association and agreed to Oct. 11 by 18 major banks.

October 13, 2014 | 11:48 am
Political groups appeal SEC pay-to-play rule

Political groups appeal SEC pay-to-play rule

A federal limit on political contributions by money managers doing business with public pension funds is working so well that some political groups are continuing to challenge it in court.

October 13, 2014

Challenges from 401(k) fiduciary breaches litigation

With ERISA entering its 41st year, commentators highlighting the landmark legislation's successes and failures have paid little attention to the newfound focus on fiduciary responsibility resulting...

October 13, 2014
Canada may ban pension funds from investing in sponsor's stock

Canada may ban pension funds from investing in sponsor's stock

Canadian corporate pension plans would be banned from investing directly in their sponsoring company stock under a draft of federal regulatory changes announced late last month.

October 08, 2014 | 11:31 am

PPF expects to collect £635 million, down from year earlier

Pension Protection Fund, London, will collect £635 million ($1 billion) in levies from qualifying employers for the 2015-’16 fiscal year, almost 9% less than the 2014-‘15 year...

October 06, 2014 | 01:00 pm
Guidance, flexibility offered in cash balance rules

Guidance, flexibility offered in cash balance rules

Cash balance plan sponsors got a compliance road map and added flexibility in picking expected rates of return when final regulations on the hybrid plans were issued by the Treasury Department and...

September 29, 2014
PBGC to take over James River Coal pension fund

PBGC to take over James River Coal pension fund

The PBGC will take over the defined benefit plan of James River Coal Co., the agency announced Wednesday.

September 24, 2014 | 03:04 pm
PBGC proposes requirement for employers to disclose lump-sum offers

PBGC proposes requirement for employers to disclose lump-sum offers

The Pension Benefit Guaranty Corp. disclosed that it intends to require employers to report to the agency offers they make to pension fund participants to convert their monthly annuity to a cash lump-...

September 24, 2014 | 11:40 am
American Benefits Council calls for simplified retirement approach from Washington

American Benefits Council calls for simplified retirement approach from Washington

Employers need more flexibility and simplicity in providing retirement and other benefits, officials with the American Benefits Council said Tuesday as they unveiled a strategic plan for where...

September 23, 2014 | 01:26 pm