Washington

Obama launches 'MyRA' in State of the Union address

Obama launches 'MyRA' in State of the Union address

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
Obama to propose new retirement plan in State of the Union

Obama to propose new retirement plan in State of the Union

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
Senate passes pension relief for charities, rural cooperatives

Senate passes pension relief for charities, rural cooperatives

The Senate on Tuesday unanimously approved legislation that gives charities and rural cooperatives pension funding relief.

January 28, 2014 | 05:45 pm
Harkin to unveil universal pension legislation

Harkin to unveil universal pension legislation

Sen. Tom Harkin, D-Iowa, will unveil his legislative proposal for creating a privately run retirement system Thursday.

January 27, 2014 | 03:59 pm
WAMCO reaches settlements with SEC, DOL

WAMCO reaches settlements with SEC, DOL

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
Public enemy No. 1 for 401(k) profiteers

Public enemy No. 1 for 401(k) profiteers

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
Indiana Public Retirement reissues search for annuity provider amid legislative uncertainty

Indiana Public Retirement reissues search for annuity provider amid legislative uncertainty

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

FSOC critics get some Senate backing

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
DOL set to take a look at 'brokerage windows' in 401(k) plans

DOL set to take a look at 'brokerage windows' in 401(k) plans

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 to pay $10 million in ESOP lawsuit settlement

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
Arbitration threatens to wipe out shareholder rights

Arbitration threatens to wipe out shareholder rights

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 Fed chairwoman Yellen plays it safe as an investor

New Fed chairwoman Yellen plays it safe as an investor

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
Diamonte joins PBGC advisory committee

Diamonte joins PBGC advisory committee

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 expands crime unit to focus on finance industry

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
No new PBGC premium hikes in spending bill

No new PBGC premium hikes in spending bill

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.

January 14, 2014 | 04:12 pm
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