Washington
SEC chairwoman pushing to allow hedge fund advertising — sources
SEC chairwoman Mary Jo White is pushing to adopt a rule allowing hedge funds to advertise in a move consumer advocates say could fail to protect unsophisticated investors, according to two people...
April 26, 2013 | 03:25 pm
Oregon lawmakers pass law to lower pension COLAs
The Oregon House of Representatives passed a pension reform bill Wednesday that lowers the maximum cost-of-living adjustment for retirees of the $61.1 billion Oregon Public Employees Retirement Fund, ...
April 25, 2013 | 03:28 pm
SEC names co-directors for enforcement
SEC Chairwoman Mary Jo White named Andrew J. Ceresney co-acting director of the agency's enforcement division Monday.
April 22, 2013 | 03:59 pm
PBGC to take over Saint-Gobain Containers pension plan
The PBGC is taking over the pension plan of Saint-Gobain Containers Inc., Muncie, Ind., because it is being sold to a below-investment-grade company, a PBGC spokeswoman confirmed.
April 19, 2013 | 12:29 pm
Bill to measure pension liabilities by fair market value introduced in House
State and local governments would have a single standard for disclosing pension liabilities that would be measured by fair market value, under a legislative proposal introduced Thursday by Rep. Devin ...
April 18, 2013 | 01:53 pm
Ex-Simran Capital CEO settles with SEC over charges of defrauding CalPERS
The SEC charged the CEO of Simran Capital Management on Thursday with defrauding CalPERS and lying to other potential clients, according to an SEC news release.
April 18, 2013 | 01:59 pm
Former Canadian banker settles with SEC over using CPPIB insider information
A former Canadian investment banker who consulted the C$172.6 billion (US$168.8 billion) Canada Pension Plan Investment Board, Toronto, on investment ideas will pay $340,000 to the SEC to settle...
April 16, 2013 | 02:34 pm
Obama budget to cap retirement deductions
The retirement- and investment-related tax proposals in President Barak Obama's fiscal 2014 budget are bargaining chips in the administration's battle with Republicans, Washington insiders say.
April 15, 2013
PBGC reverses course on 'reportable events' disclosure rule
The Pension Benefit Guaranty Corp. reversed course and proposed a new rule that will exempt as many as 90% of companies from having to disclose “reportable events” such as bankruptcies...
April 15, 2013
401(k) rollover study triggers call for action
A new Government Accountability Office report highlighting the pitfalls of rolling over 401(k) plan accounts is sparking demand for clearer procedures and stronger consumer protections from companies ...
April 15, 2013
Solvency II directive has European DB plans seeing red
Opposition is intensifying against a European Commission proposal to apply to defined benefit funds Solvency II, a set of regulations originally targeting insurance companies, as the initiative moved ...
April 15, 2013
SEC advisory group pushes for enhanced target-date fund rules
The SEC should revisit its proposed rule on target-date funds, the agency's investor advisory committee recommended at its meeting Thursday.
April 12, 2013 | 04:00 pm
TIAA-CREF asks SEC for OK to skip vote on Israeli divestment
TIAA-CREF officials are asking the SEC to allow it to take no action on a shareholder proposal by activist group Jewish Voice for Peace that would require it to consider divesting from companies that ...
April 10, 2013 | 06:06 pm
Obama 2014 budget calls for carried interest rate elimination, retirement savings cap
President Barack Obama's fiscal 2014 budget proposal unveiled Wednesday repeated calls for reducing tax incentives for retirement savings on higher income taxpayers with a new call to cap individual...
April 10, 2013 | 04:10 pm
EBRI: Retirement savings cap impact will be greater as interest rates rise
A White House budget proposal to cap individual retirement accounts at $3 million would have a minor effect on current account holders but could have a bigger impact on younger workers, according to...
