Washington

Department of Labor sues Triple T Transport fiduciary over ESOP valuation

Department of Labor sues Triple T Transport fiduciary over ESOP valuation

The Department of Labor sued the fiduciary of the Triple T Transport Inc. employee stock ownership plan for authorizing purchases of company stock that the DOL said were overvalued.

June 28, 2016 | 04:06 pm
LDI, bigger contributions likely for corporate DB plans

LDI, bigger contributions likely for corporate DB plans

Corporate defined benefit plan sponsors likely will step up allocations to liability-driven investing and raise pension contributions in coming months, according to pension strategists.

June 27, 2016
GFOR speakers urge action to fix savings shortfall

GFOR speakers urge action to fix savings shortfall

Too few Americans are adequately saving for retirement, speakers agreed at Pensions & Investments' third-annual Global Future of Retirement conference in Washington.

June 27, 2016
House Republicans' tax reform plan seeks new savings methods

House Republicans' tax reform plan seeks new savings methods

House Republicans released a tax reform plan on Friday that calls for exploring new ways to spur retirement and other types of savings. The Republican Tax Reform Task Force report also recommends a...

June 24, 2016 | 03:33 pm
For general partners, tax season didn't end in April

For general partners, tax season didn't end in April

You would be forgiven for thinking that with the intergovernmental agreements associated with FATCA signed and the reporting underway, the private equity industry could move on. Unfortunately, life...

June 23, 2016 | 04:00 pm
Fiduciary rule survives House override vote

Fiduciary rule survives House override vote

A vote in the U.S. House of Representatives late Wednesday to block the Department of Labor’s new fiduciary rule fell short.

June 23, 2016 | 01:38 pm

Puerto Rico Catholic Schools participants sue over termination, church plan exemption

The Superintendence of Catholic Schools of the Archdioceses of San Juan is being sued by past and current participants in its pension plan for terminating the plan in violation of the Employee...

June 22, 2016 | 04:02 pm
GAO asked to investigate Central States' investments

GAO asked to investigate Central States' investments

Members of Congress asked the Government Accountability Office on Tuesday to investigate the investment decisions made by the $17.8 billion Teamsters Central States, Southeast & Southwest Areas...

June 21, 2016 | 03:37 pm
Allianz's El-Erian examines an environment of low global economic growth

Allianz's El-Erian examines an environment of low global economic growth

There's a common element between present-day headline news items, such as the upcoming Brexit referendum, accusations of the Federal Reserve being inconsistent, the rise of negative nominal interest...

June 20, 2016 | 04:11 pm
Empower president calls for united front in Washington

Empower president calls for united front in Washington

Edmund F. Murphy III, president of Empower Retirement, said Monday that regulators are exerting more influence than ever and firms must work together to ensure they can shape the policies coming out...

June 20, 2016 | 04:02 pm

Road Carriers Local 707 denied MPRA relief

Road Carriers Local 707 Pension Fund, Hempstead, N.Y., was denied permission by the Pension Benefit Guaranty Corp. to partition the plan and create a new retirement plan for terminated vested and...

June 20, 2016 | 02:17 pm
FSOC fights to reinstate MetLife SIFI designation

FSOC fights to reinstate MetLife SIFI designation

The Financial Stability Oversight Council is appealing a recent U.S. District Court decision overturning its designation of MetLife as a non-bank systemically important financial institution, arguing ...

June 17, 2016 | 03:22 pm
PBGC: Multiemployer program in dire straits; single-employer unit on upswing

PBGC: Multiemployer program in dire straits; single-employer unit on upswing

The pension guaranty program for single-employer defined benefit plans is headed in the opposite direction of the multiemployer program, which faces a $53.4 billion deficit and insolvency by 2025,...

June 17, 2016 | 01:00 pm
Treasury yields fall to lowest intraday level since 2012 as traders seek safety

Treasury yields fall to lowest intraday level since 2012 as traders seek safety

Treasuries fluctuated, after 10-year note yields touched the lowest level since 2012, amid shifting bets on the outcome of next week’s U.K. vote on membership in the European Union.

June 16, 2016 | 11:04 am
House committee approves bills tightening proxy firm regulation, SEC cost assessment

House committee approves bills tightening proxy firm regulation, SEC cost assessment

The House Financial Services Committee on Thursday passed separate bills that would tighten regulation of proxy-voting advisory firms and require the Securities and Exchange Commission to assess...

June 16, 2016 | 03:51 pm