Washington

Funds, managers give big thumbs-up to trading fee rebate pilot study

REGULATION

REGULATION

Pension funds, money managers show strong support for SEC's proposed maker-taker pilot.
Commentary: Open MEPs could help millions of 'gig' workers save for retirement

Industry voices

Industry voices

Congress should pass legislation giving "gig economy" workers the ability to save for retirement through open multiple employer plans.
Hurry up and kill the DOL fiduciary rule already, insurance groups tell 5th Circuit

Regulation

Regulation

Two insurance industry trade associations asked a federal court Wednesday to hurry up and kill the Labor Department's fiduciary duty rule.
SEC greenlights investment funds to go paperless

REGULATION

REGULATION

The SEC adopted a rule that will allow investment funds to post shareholder reports and other required materials online beginning in 2021.
SEC becomes last agency to amend Volcker rule, opening a comment period

Regulations

Regulations

The Securities and Exchange Commission agreed Tuesday to amend the Volcker rule, becoming the last agency to endorse the changes.
GAO: Central States pension fund's investment costs 'in line' but funding still declining

Pension Funds

Pension Funds

Teamsters Central States, Southeast and Southwest Areas Pension Fund has made limited progress on its funding level because of industry and market changes.
White House nominates Senate aide as SEC commissioner

Washington

Washington

Elad Roisman, chief counsel to the Senate Banking Committee, has been nominated to the Securities and Exchange Commission.
Frank Carlucci, Carlyle chairman who led Pentagon, dies at 87

Obituary

Obituary

Frank Carlucci, who expanded the influence of Carlyle Group as the investment firm's chairman, has died. He was 87.
American Benefits Council offers help on DOL push to find missing participants

WASHINGTON

WASHINGTON

The American Benefits Council offered to work with the Labor Department on guidance for plan sponsors looking for missing participants.
PBGC projects multiemployer and single-employer programs heading in opposite directions

Washington

Washington

The PBGC multiemployer program's financial condition continued to worsen in fiscal 2017, while single-employer continued to improve.
Oversight board recertifies fiscal plan for Puerto Rico, including pension reforms

PENSION FUNDS

PENSION FUNDS

The Financial Oversight and Management Board for Puerto Rico recertified a fiscal plan for the commonwealth that includes pension reforms.
Federal Reserve kicks off Volcker rule changes

Washington

Washington

Federal Reserve officials took the first step Wednesday in making changes to the Volcker rule.
Pension funds come out in support of SEC maker-taker fee pilot program

Markets

Markets

CalPERS and the Ontario Teachers' Pension Plan are among asset owners that supported the SEC's proposed transaction fee pilot program.
Dollar's rebound, weaker local currencies come together for emerging markets debt

EMERGING MARKETS

EMERGING MARKETS

A strong dollar and challenges within emerging market countries has money managers split on whether now is the time to invest.
Looming deficits make managers doubt strong dollar will continue

INVESTING/PORTFOLIO STRATEGIES

INVESTING/PORTFOLIO STRATEGIES

Money managers are unsure as to whether the dollar can continue to strengthen as the U.S. faces twin deficits.