Washington

Maryland CIO leaving for federal post on public pensions

Maryland CIO leaving for federal post on public pensions

A. Melissa Moye is resigning as chief investment officer of the $45.4 billion Maryland State Retirement & Pension System, Baltimore, officials announced Monday.

August 04, 2014 | 02:00 pm
Sanctions against Russia may lead to index changes

Sanctions against Russia may lead to index changes

Index funds might have to divest Russian securities under new sanctions.

August 04, 2014
Church-plan status under increased scrutiny

Church-plan status under increased scrutiny

A growing number of lawsuits and some key court rulings are making it harder for church-affiliated defined benefit plans to be exempt from the Employee Retirement Income Security Act.

August 04, 2014

Water legislation might make splash with investors

A new federal law enacted in June could open a channel for a boatload of water infrastructure projects in which institutions might be interested.

August 04, 2014

IRS confounded by large partnerships, GAO says

The growing number of large partnerships such as private equity and hedge funds is making it difficult for the Internal Revenue Service.

August 04, 2014

Keeping the PBGC from being the next bailout recipient

A series of recently issued reports have addressed various governance and financial challenges facing the Pension Benefit Guaranty Corp. The takeaway from all of them is that unless changes are made...

August 04, 2014

Changing priorities could weaken retirement system

It's no secret the U.S. retirement system needs to evolve, but this year we are seeing an unprecedented perfect storm.

August 04, 2014
Adding reality to valuations

Adding reality to valuations

The Securities and Exchange Commission made the right decision in exempting defined contribution plans — but not defined benefit plans, foundations, endowments and other asset owners —...

August 04, 2014
SEC eyes adopting CEO pay ratio rules

SEC eyes adopting CEO pay ratio rules

The Securities and Exchange Commission is slated to adopt in October its final rules on implementing a proposed CEO pay ratio, said Laura D. Richman, counsel at Mayer Brown LLP, in a teleconference...

August 01, 2014 | 03:25 pm
Senate passes House version of highway bill

Senate passes House version of highway bill

The U.S. Senate approved on Thursday the House version of a highway funding bill that includes more generous pension funding calculations.

August 01, 2014 | 12:06 pm
Senate reduces pension smoothing measures for highway bill

Senate reduces pension smoothing measures for highway bill

The Senate version of a highway funding bill approved Tuesday calls for less generous pension funding calculations for defined benefit plans than a House plan approved July 15.

July 30, 2014 | 03:41 pm

FOMC continues tapering, low rates

Members of the Federal Open Market Committee voted Wednesday to continue tapering their bond-buying program, dropping to $25 billion in monthly purchases from $35 billion in June. Information...

July 30, 2014 | 03:38 pm

Chamber of Commerce wants simplified corporate disclosures

The Securities and Exchange Commission should simplify corporate disclosure to make filings more useful to investors, including doing away with a requirement to show the company’s stock...

July 29, 2014 | 03:33 pm
Poll results: Do you think Dodd-Frank addresses the 'too-big-to-fail' threat?

Poll results: Do you think Dodd-Frank addresses the 'too-big-to-fail' threat?

The vast majority of P&I Online readers do not believe the Dodd-Frank Act addresses the "too-big-to-fail" threat.

July 28, 2014 | 03:09 pm
Citigroup alternative trading system settles with SEC

Citigroup alternative trading system settles with SEC

Citigroup Global Markets' LavaFlow alternative trading system will pay $5 million — $2.85 million in penalties and the remainder in refunds to clients including money managers — to settle ...

July 25, 2014 | 03:54 pm