Washington

SEC prioritizes market risks for 2015, will continue to review private equity fees

SEC prioritizes market risks for 2015, will continue to review private equity fees

SEC compliance officials will spend 2015 focused on protecting retail investors' retirement savings and assessing market risks

January 13, 2015 | 03:52 pm
Treasury’s Iwry says department looking into guaranteed withdrawal products for DC

Treasury’s Iwry says department looking into guaranteed withdrawal products for DC

New Treasury Department rules on using deferred annuities within target-date funds as part of a defined contribution plan shouldn’t be viewed as excluding the department’s consideration...

January 13, 2015 | 03:31 pm
MetLife appeals to federal court to overturn SIFI designation

MetLife appeals to federal court to overturn SIFI designation

MetLife Inc. asked a federal court on Tuesday to overturn its designation as a non-bank systemically important financial institution by the Financial Stability Oversight Council.

January 13, 2015 | 03:19 pm
Direct Edge Holdings to pay $14 million in SEC settlement

Direct Edge Holdings to pay $14 million in SEC settlement

Two Direct Edge exchanges now owned by BATS Global Markets will pay $14 million to settle charges of improperly describing stock orders, the SEC announced Monday.

January 12, 2015 | 01:40 pm
Investors, companies to fight over who pays litigation fees

Investors, companies to fight over who pays litigation fees

Battle lines are being drawn over last year's Delaware court ruling that lets companies shift legal fees to investors bringing lawsuits.

January 12, 2015

ERISA Industry Committee names new CEO

Annette Guarisco Fildes was named CEO of the ERISA Industry Committee Monday.

January 12, 2015 | 12:56 pm
FSOC officials still studying money managers

FSOC officials still studying money managers

Further regulation of money managers by the Financial Stability Oversight Council is not on the immediate horizon, current and former officials said Friday.

January 09, 2015 | 01:43 pm
Ontario requiring all DB funds to disclose ESG data

Ontario requiring all DB funds to disclose ESG data

A regulation enacted by the Ontario Parliament late last year will require trustees of all occupational defined benefit pension plans in the province to disclose whether environmental, social and...

January 09, 2015 | 10:13 am
Retirement, financial groups assail proposed regulations on fee-disclosure guide for DC plans

Retirement, financial groups assail proposed regulations on fee-disclosure guide for DC plans

Eleven organizations representing retirement and financial industries have asked the federal government to reconsider proposed regulations outlining how service providers should create a fee-...

January 07, 2015 | 03:32 pm
Former SEC chairman calls agency's proxy guidance a 'positive first step'

Former SEC chairman calls agency's proxy guidance a 'positive first step'

SEC staff guidance on proxy voting and the use of proxy advisory firms “is a rich opportunity for public companies to take the initiative back,” former SEC Chairman Harvey Pitt said...

January 07, 2015 | 03:46 pm

Fed unlikely to hike interest rates before April, minutes show

Most Federal Reserve officials agreed their new policy guidance means they are unlikely to raise interest rates before late April, and a number of them expressed concern that inflation could remain...

January 07, 2015 | 03:54 pm

Judge rejects motion to dismiss in Advocate church plan case

A church plan challenge filed against Advocate Health Care Network Pension Plan can proceed, a federal judge ruled Dec. 31.

January 05, 2015 | 04:05 pm

PBGC urged to listen more to constituents, take less adversarial stance

The Pension Benefit Guaranty Corp. needs to listen more to plan executives and participants instead of taking an adversarial approach, the agency’s participant and plan sponsor advocate said in ...

December 31, 2014 | 02:42 pm

Blackstone, TPG open up about hidden fees as SEC pushes transparency

Two of the largest private equity firms are disclosing fees that had largely been hidden as U.S. regulators demand increased transparency from the industry.

December 31, 2014 | 10:54 am
IRS hybrid plan transition rules criticized

IRS hybrid plan transition rules criticized

Sponsors of cash balance plans and other hybrid retirement plans welcomed final rules in September from the IRS but are now criticizing the agency’s proposed transition rules on market rates of ...

December 30, 2014 | 03:13 pm