President Barack Obama will direct the Department of Treasury on Wednesday to start working on a new retirement savings bond program to help workers without savings plans, he said in his State of the ...
January 28, 2014 | 11:04 pm
Retirement security for workers without access to workplace retirement savings plans will be part of President Barack Obama's State of the Union address Tuesday night, according to sources familiar...
January 28, 2014 | 03:58 pm
The Senate on Tuesday unanimously approved legislation that gives charities and rural cooperatives pension funding relief.
January 28, 2014 | 05:45 pm
Sen. Tom Harkin, D-Iowa, will unveil his legislative proposal for creating a privately run retirement system Thursday.
January 27, 2014 | 03:59 pm
Western Asset Management Co. will pay $21 million to settle charges involving internal coding errors and cross trading resulting in some investor losses.
January 27, 2014 | 01:24 pm
Few employees can imagine that their humble 401(k) plans could become a virtual profit center for their own employers, but according to attorney Jerome Schlichter, that was exactly the case for some...
January 27, 2014 | 10:26 am
The Indiana Public Retirement System, Indianapolis, reissued an RFP for a lifetime annuity provider for its $5.6 billion annuity savings account program despite a bill that passed the state House...
January 24, 2014 | 11:45 am
Money managers critical of Financial Stability Oversight Council efforts to designate some of their firms as systemically important got bipartisan support from several senators Thursday.
January 24, 2014 | 03:57 pm
The Labor Department is poised to take a closer look at whether investors are protected in defined contribution plans that enable employees to go beyond the plan's menu to choose investments.
January 23, 2014 | 09:33 am
People Care Holdings Inc., New York, and its former owners agreed to pay $10 million to settle a lawsuit brought by the Department of Labor alleging inflated stock values paid by the ESOP, as well as ...
January 22, 2014 | 04:14 pm
A new movement would push companies to adopt provisions that could limit shareholders' ability to protect and enforce their rights in courtrooms across the country.
January 21, 2014 | 01:03 pm
New Federal Reserve Chairwoman Janet Yellen soon will have more influence over Wall Street and the economy than anyone else in the world, but in her personal portfolio, she looks a lot like an...
January 20, 2014
Robin Diamonte has been appointed by President Barack Obama to the Pension Benefit Guaranty Corp.'s advisory committee. PBGC officials consult with the seven-member panel on agency investments,...
January 20, 2014
New York Attorney General Eric Schneiderman formed a new unit focused on fighting financial wrongdoing, expanding an existing criminal bureau two years after Gov. Andrew Cuomo created a financial...
January 17, 2014 | 04:19 pm
House and Senate appropriators produced an omnibus spending bill late Monday that funds the U.S.government through September without another hike in PBGC premiums or other surprises.