Washington

PPF expects to collect £635 million, down from year earlier

Pension Protection Fund, London, will collect £635 million ($1 billion) in levies from qualifying employers for the 2015-’16 fiscal year, almost 9% less than the 2014-‘15 year...

October 06, 2014 | 01:00 pm
Guidance, flexibility offered in cash balance rules

Guidance, flexibility offered in cash balance rules

Cash balance plan sponsors got a compliance road map and added flexibility in picking expected rates of return when final regulations on the hybrid plans were issued by the Treasury Department and...

September 29, 2014
PBGC to take over James River Coal pension fund

PBGC to take over James River Coal pension fund

The PBGC will take over the defined benefit plan of James River Coal Co., the agency announced Wednesday.

September 24, 2014 | 03:04 pm
PBGC proposes requirement for employers to disclose lump-sum offers

PBGC proposes requirement for employers to disclose lump-sum offers

The Pension Benefit Guaranty Corp. disclosed that it intends to require employers to report to the agency offers they make to pension fund participants to convert their monthly annuity to a cash lump-...

September 24, 2014 | 11:40 am
American Benefits Council calls for simplified retirement approach from Washington

American Benefits Council calls for simplified retirement approach from Washington

Employers need more flexibility and simplicity in providing retirement and other benefits, officials with the American Benefits Council said Tuesday as they unveiled a strategic plan for where...

September 23, 2014 | 01:26 pm
DC plans can expect little from Washington, conference attendees told

DC plans can expect little from Washington, conference attendees told

Defined contribution plan executives have many opportunities to encourage participants to save more for retirement without needing extra legislation or regulation. And even if they wanted more rules...

September 19, 2014 | 10:11 am
CFA Institute urges SEC to revive its proxy access rule

CFA Institute urges SEC to revive its proxy access rule

The CFA Institute on Friday called for the Securities and Exchange Commission to revive its proxy access rule, contending it would increase U.S. market capitalization by as much as $140.3 billion.

September 19, 2014 | 04:28 pm
IRS, Treasury release final hybrid plan rules

IRS, Treasury release final hybrid plan rules

The Treasury Department and the IRS finalized regulations for hybrid retirement plans such as cash balance plans that have been pending since 2010.

September 19, 2014 | 04:17 pm

GAO: Large partnerships avoid IRS scrutiny

Congress should consider requiring large partnerships such as private equity and hedge funds to take steps to make it easier for the Internal Revenue Service to audit them and collect taxes due, the...

September 18, 2014 | 03:31 pm
Fed: One more month of tapering, funds rate stays low

Fed: One more month of tapering, funds rate stays low

Members of the Federal Open Market Committee voted to finish tapering their bond-buying program with a final $15 billion in purchases in October.

September 17, 2014 | 03:48 pm
Retirement tax incentives called ‘out of whack’

Retirement tax incentives called ‘out of whack’

Senate Finance Committee Chairman Ron Wyden, D-Ore., said at a hearing Tuesday that “something is out of whack” between the $140 billion in annual tax subsidies for retirement savings and ...

September 16, 2014 | 04:08 pm
SEC settles with BlackRock, others over trading infractions

SEC settles with BlackRock, others over trading infractions

BlackRock Institutional Trust and RA Capital Management were among 19 firms and an individual trader that settled with the SEC over charges they illegally participated in stock offerings less than...

September 16, 2014 | 01:34 pm
SEC rule could push trading costs higher

SEC rule could push trading costs higher

The Securities and Exchange Commission's latest salvo in the war against market instability could mean higher trading fees for money managers and some smaller equity trading venues curtailing...

September 15, 2014
A vital SEC crucial to markets

A vital SEC crucial to markets

The Securities and Exchange Commission, according to testimony by its chairwoman, Mary Jo White, is desperately short of resources and cannot adequately fulfill its responsibility to oversee the...

September 15, 2014
CFTC eases restrictions on hedge fund advertising

CFTC eases restrictions on hedge fund advertising

The Commodity Futures Trading Commission softened restrictions on advertising by hedge fund managers that are registered as commodity pool operators.

September 10, 2014 | 02:58 pm