Washington

Managers losing faith over Trump policy promises

Managers losing faith over Trump policy promises

Investors are taking heed of the 'Trump gap' — a measure of President Donald Trump's campaign promises vs. implemented reforms — and are starting to adjust accordingly.

April 17, 2017
Supreme Court hears CalPERS argument on class-action suit deadlines

Supreme Court hears CalPERS argument on class-action suit deadlines

The Supreme Court hears arguments in a case brought by CalPERS seeking to uphold a legal precedent on how much time investors have to join or opt out of class-action lawsuits.

April 17, 2017 | 03:59 pm
Delay seen as making DOL fiduciary rule more likely

Delay seen as making DOL fiduciary rule more likely

As a drawn-out battle over a new fiduciary standard comes to an end, for now, plan sponsors see an opportunity to do more for plan participants.

April 17, 2017
'Retirement Ripoff Counter' shows impact of rule delay

'Retirement Ripoff Counter' shows impact of rule delay

Proponents of the Labor Department's new fiduciary rule are making it hard to miss by projecting a “Retirement Ripoff Counter” in public places.

April 17, 2017
The Lifetime Income Disclosure Act: A simple idea that isn't so simple

The Lifetime Income Disclosure Act: A simple idea that isn't so simple

The Lifetime Income Disclosure Act, sponsored by Washington lawmakers, seems like such a good, simple idea. But the devil is in the details, which have yet to be worked out.

April 17, 2017
Trump signs bill ending safe harbor for city secure choice programs

Trump signs bill ending safe harbor for city secure choice programs

President Donald Trump signs legislation reversing rules allowing cities and other large political subdivisions to set up private-sector retirement savings programs.

April 14, 2017 | 10:50 am
Treasuries rally after U.S. drops huge non-nuclear bomb on IS

Treasuries rally after U.S. drops huge non-nuclear bomb on IS

Treasuries rallied, reversing earlier declines, after the U.S. dropped the largest non-nuclear bomb in its arsenal on an Islamic State group target in Afghanistan.

April 13, 2017 | 01:46 pm
Stakeholders call for delay, new review on IRS mortality table update

Stakeholders call for delay, new review on IRS mortality table update

Critics of an Internal Revenue Service proposal to update mortality tables used by plan sponsors to value defined benefit plans ask the agency to defer final action.

April 13, 2017 | 03:40 pm
How to increase retirement savings of 60 million employees

How to increase retirement savings of 60 million employees

Washington lawmakers should get together behind a federal automatic IRA, the most effective vehicle for harnessing the power of inertia to increase retirement savings of 60 million Americans.

April 12, 2017 | 12:01 am
High time, or time up? ESG in a new political era

High time, or time up? ESG in a new political era

As the Trump administration looks to lighten business and environmental regulations, the debate about the importance of environmental, social and governance factors to the investment process is sure...

April 11, 2017 | 12:01 am
SEC said to purge contractors as budget fight looms

SEC said to purge contractors as budget fight looms

Facing possible budget cuts under President Donald Trump, the Securities and Exchange Commission is eliminating dozens of contractors hired to help root out Wall Street fraud, said two people with...

April 10, 2017 | 01:01 pm
Neil Gorsuch confirmed for Supreme Court

Neil Gorsuch confirmed for Supreme Court

Neil Gorsuch was confirmed by the Senate on Friday as associate justice of the U.S. Supreme Court, making him the current court’s youngest justice at age 49.

April 07, 2017 | 02:21 pm
Modern-day Glass-Steagall legislation would separate banking, investment activity

Modern-day Glass-Steagall legislation would separate banking, investment activity

Legislation to restrict banks from engaging in riskier trading and investment activity was expected to be introduced Thursday in the Senate.

April 06, 2017 | 05:08 pm
Senators introduce bipartisan legislation to relax withdraw rules for Thrift Savings Plan

Senators introduce bipartisan legislation to relax withdraw rules for Thrift Savings Plan

A bipartisan bill designed to loosen withdrawal rules for the Federal Thrift Savings Plan was introduced in the Senate.

April 06, 2017 | 04:13 pm
Lifetime income disclosure legislation introduced

Lifetime income disclosure legislation introduced

Bipartisan legislation that would require employer-sponsored retirement plans to provide estimates of how much lifetime income can be generated from participants' existing retirement savings accounts ...

April 06, 2017 | 05:17 pm