Charities and rural cooperatives got closer to pension funding relief Wednesday as the Senate Health, Education, Labor and Pensions Committee unanimously approved legislation co-sponsored by Chairman ...
October 30, 2013 | 03:09 pm
Despite seeing signs of “growing underlying strength” and diminished downside risk in the economy, members of the Federal Open Market Committee meeting in Washington on Wednesday decided...
October 30, 2013 | 03:54 pm
The House approved legislation Tuesday by a 254-166 vote that could significantly delay the Labor Department's proposed fiduciary rule.
October 29, 2013 | 06:00 pm
A package of reform proposals to help the most troubled multiemployer pension funds is running into more opposition from some union and retiree advocates.
October 29, 2013 | 03:59 pm
BlackRock CEO Laurence D. Fink, whose company is the world's largest money manager with $4.1 trillion in assets, said Federal Reserve policy is contributing to “bubble-like markets.”
October 29, 2013 | 03:38 pm
Money managers are nervously watching to see whether a Financial Stability Oversight Council report sets the stage for further scrutiny and regulation.
October 28, 2013
Indiana Public Retirement System, Indianapolis, on Friday asked a legislative committee for clarification on its recommendation against privatizing management of the retirement system's $5.5 billion...
October 25, 2013 | 03:07 pm
An Internal Revenue Service announcement on the maximum contribution that can be made to 401(k) plans, which was delayed by the 16-day partial government shutdown, is expected next week.
October 23, 2013 | 02:12 pm
Fiduciaries of the Parrot Cellular Employee Stock Ownership Plan agreed to pay $4.2 million to settle a lawsuit brought by the Department of Labor alleging inflated stock prices paid by the ESOP.
October 23, 2013 | 04:02 pm
The Federal Reserve on Tuesday terminated a cease-and-desist order issued last year against Bank of New York Mellon for misstating the collateral it pledged to a government lending program in 2008.
October 22, 2013 | 02:52 pm
The National Futures Association ordered AlphaMetrix Group to pay $600,000 of management and incentive fees owed to some of the 90 managed futures funds, commodity trading advisers and hedge funds on ...
October 22, 2013 | 04:03 pm
Constance Donovan was named participant and plan sponsor advocate at the Pension Benefit Guaranty Corp., the agency announced Tuesday.
October 22, 2013 | 03:04 pm
With the federal government reopened and the debt ceiling extended, it is not surprising markets have experienced a “relief rally” as investors cheer that the unthinkable — a...
October 18, 2013 | 04:35 pm
The hedge fund industry has spent more than $3 billion to comply with new regulatory requirements, with large hedge fund managers spending an average of $14 million on compliance, according to a...
October 17, 2013 | 04:04 pm
Knight Capital Americas LLC will pay $12 million to settle charges brought by the SEC over a computer trading glitch that cost the company as much as $460 million in erroneous trading orders in...