Washington

House votes to extend multiemployer pension provisions

House votes to extend multiemployer pension provisions

Multiemployer pension provisions in the Pension Protection Act of 2006 set to expire Dec. 31 would gain another year in a tax extension passed by the House Wednesday.

December 04, 2014 | 03:32 pm
Dignity Health allowed to appeal church plan ruling

Dignity Health allowed to appeal church plan ruling

A federal judge is allowing Dignity Health to challenge his ruling that the church-affiliated defined benefit plan sponsor is covered by the Employee Retirement Income Security Act.

December 02, 2014 | 03:35 pm
DOL fiduciary rule proposal on track for January

DOL fiduciary rule proposal on track for January

The Department of Labor will propose a new fiduciary rule in January 2015, said an updated regulatory agenda issued by the Office of Management and Budget.

November 25, 2014 | 01:45 pm
PBGC to finalize rollover rule

PBGC to finalize rollover rule

Participants in defined contribution plans can combine those assets with their defined benefit plans without exceeding federal guarantee limits set by the Pension Benefit Guaranty Corp., under a rule ...

November 24, 2014 | 03:25 pm

EU threat of soft-dollar ban still alive, raising questions for managers

The possibility of European regulations banning the use of soft dollars for third-party research is alive and well, despite talk in the U.K. and Europe that regulators would settle for something that ...

November 24, 2014
Fiduciary concerns, complexities with the SEC's pay-to-play rule

Fiduciary concerns, complexities with the SEC's pay-to-play rule

The Securities and Exchange Commission's recent announcement of its first enforcement action under the “pay-to-play” rule it adopted in 2010 demands the attention of those responsible for ...

November 24, 2014
The risks of multiline firms

The risks of multiline firms

The Department of Labor made the right decision in granting Credit Suisse AG and its related entities a temporary exemption to continue to provide asset management services, at least for the short...

November 24, 2014

GAO: Room for improvement in FSOC process

The Financial Stability Oversight Council process for designating systemically important non-bank financial institutions, or SIFIs, could have more accountability and transparency, said a report...

November 21, 2014 | 03:03 pm
 Senators call on Treasury to help smaller employers offer retirement plans

Senators call on Treasury to help smaller employers offer retirement plans

The Treasury Department could promote more retirement programs among small employers by making it easier for them to join multiple-employer plans, several members of the Senate Finance Committee said ...

November 20, 2014 | 03:27 pm
SEC to require backup operational plans for large-volume trading venues

SEC to require backup operational plans for large-volume trading venues

The SEC on Wednesday approved requiring large-volume equity exchanges, alternative trading systems and dark pools to submit to the agency backup operational plans in case those venues' technological...

November 19, 2014 | 02:38 pm
Fed minutes show caution over foreign markets

Fed minutes show caution over foreign markets

Some members of the Federal Open Market Committee remain concerned about slower-than-expected economic growth in the coming months if foreign economies continue to struggle, said minutes from their...

November 19, 2014 | 03:49 pm
FSOC process necessary, Dodd says

FSOC process necessary, Dodd says

The Financial Stability Oversight Council's mission to identify systemically important non-bank financial institutions is necessary, former Sen. Christopher J. Dodd said Tuesday at an event marking...

November 18, 2014 | 02:37 pm
Federal retirement benefits likely target for GOP

Federal retirement benefits likely target for GOP

Federal employees are bracing for more bad news about their retirement benefits as Republicans prepare to control both chambers of Congress.

November 17, 2014 | 07:57 am
Defense Department urged to shift to hybrid retirement plan

Defense Department urged to shift to hybrid retirement plan

The Department of Defense could save billions of dollars and expand benefits coverage if it adopted a hybrid retirement plan, according to a Rand Corp. study.

November 14, 2014 | 02:34 pm
Credit Suisse gets temporary asset manager exemption from DOL

Credit Suisse gets temporary asset manager exemption from DOL

The Department of Labor is deferring a final decision on Credit Suisse’s bid for permission to continue providing asset management services to retirement plans, after its banking entity pleaded ...

November 14, 2014 | 11:51 am