PBI Bank Inc. will pay $1 million to restore alleged losses to the Miller's Health Systems Inc. employee stock ownership plan, under an agreement with the Department of Labor approved in U.S....
July 21, 2015 | 03:41 pm
Comment letters on the Department of Labor's proposed fiduciary rule poured in Tuesday, the last day of the comment period, with many groups representing retirement plan investment and service...
July 21, 2015 | 04:10 pm
The Department of Labor should switch to negotiated rulemaking to produce a new fiduciary standard, U.S. Chamber of Congress officials said Monday.
July 20, 2015 | 03:43 pm
There is widespread concern about the slow growth in non-farm business productivity. Over the past 20 quarters (five years) since Q1 2010, it is up only 0.5% on average during each of the Q1-to-Q1...
July 20, 2015 | 11:50 am
The United Mine Workers of America 1974 Pension Plan filed a lawsuit Thursday to force Peabody Energy Corp. and Arch Coal Inc. to negotiate withdrawal liability for the underfunded pension plan...
July 17, 2015 | 03:32 pm
The Senate Finance Committee scheduled a hearing July 23 on the nomination of W. Thomas Reeder Jr. to serve as director of the Pension Benefit Guaranty Corp.
July 17, 2015 | 03:57 pm
The Commonwealth of Puerto Rico would have access to Chapter 9 municipal bankruptcy protection under legislation introduced in the Senate on Wednesday by Sens. Charles Schumer, D-N.Y., and Richard...
July 15, 2015 | 03:39 pm
The Federal Reserve “will probably raise interest rates sometime this year,” Federal Reserve Chairwoman Janet Yellen told a House panel Wednesday.
July 15, 2015 | 02:40 pm
OZ Management LP will pay a $4.25 million penalty to settle charges that it provided inaccurate trade data to four prime brokers.
July 14, 2015 | 03:10 pm
The DOL has issued guidance for defined contribution plan sponsors, clarifying their fiduciary responsibilities under certain circumstances for the monitoring and reviewing of annuities as benefit...
July 14, 2015 | 02:27 pm
Was it a coincidence? The S&P 500 rose 1.2% on July 10 to 2,076. Federal Reserve Chairwoman Janet Yellen spoke about the economy and monetary policy the same day. Previously, I’ve observed that ...
July 13, 2015 | 03:43 pm
States interested in creating their own programs for private-sector retirement savings will have further guidance from the Department of Labor by the end of the year, President Barack Obama said.
July 13, 2015 | 02:10 pm
The “flash crash” in U.S. Treasuries on Oct. 15, 2014, came from several factors, including high-frequency trading.
July 13, 2015 | 01:49 pm
Trustees of struggling multiemployer pension funds have a narrow window of opportunity to do more than just cut benefits in order to survive, if they can take advantage of the Pension Benefit...
July 13, 2015
Money managers want the Securities and Exchange Commission to examine maker-taker rebates — to limit or eliminate them for all stock trades — claiming that the rebates spur broker-dealers ...