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House passes spending bill without mine workers pension relief, other retirement measures

House passes spending bill without mine workers pension relief, other retirement measures

The House of Representatives passed a streamlined spending bill Thursday by a 326-96 vote that left behind several expected retirement-related measures, including one that would help the severely...

December 08, 2016 | 05:29 pm
Andrew Puzder nominated to head Department of Labor

Andrew Puzder nominated to head Department of Labor

Andrew Puzder, CEO of CKE Restaurants Inc., was nominated to be secretary of the Department of Labor under President-elect Donald J. Trump, the transition team said late Thursday.

December 08, 2016 | 05:36 pm

Delaware Investments recruits head of equities

John Leonard was named head of equities at Delaware Investments.

December 08, 2016 | 03:01 pm
ECB extends QE to December 2017, keeps interest rates unchanged

ECB extends QE to December 2017, keeps interest rates unchanged

The European Central Bank will extend its asset purchase program to the end of December 2017, but at a reduced monthly pace.

December 08, 2016 | 08:01 am
4 Danish pension funds rejoin PRI, citing governance, transparency improvements

4 Danish pension funds rejoin PRI, citing governance, transparency improvements

Four Danish pension funds will rejoin the Principles for Responsible Investment, following three years of critical dialogue with the PRI's board.

December 08, 2016 | 12:25 pm
SEC enforcement director Andrew Ceresney to leave at end of year

SEC enforcement director Andrew Ceresney to leave at end of year

Andrew J. Ceresney, director of the enforcement division of the Securities and Exchange Commission, will leave the commission by the end of the month.

December 08, 2016 | 03:47 pm

Dallas Police & Fire Pension System approves suspending DROP withdrawals

Dallas Police & Fire Pension System voted Thursday to suspend DROP withdrawals.

December 08, 2016 | 04:16 pm
Corporate funding ratios top 80% in November despite drop in assets — 2 reports

Corporate funding ratios top 80% in November despite drop in assets — 2 reports

The funded status of U.S. corporate pension plans rose in November on the back of rising discount rates.

December 08, 2016 | 03:05 pm
Stifel, Nicolaus settles SEC charges on selling risky CDOs to Wisconsin school districts

Stifel, Nicolaus settles SEC charges on selling risky CDOs to Wisconsin school districts

Stifel, Nicolaus & Co. and the broker-dealer's former vice president, David W. Noack, agreed to pay a total of $25 million to settle SEC charges that they sold risky synthetic collateralized debt...

December 08, 2016 | 02:57 pm

4 equity managers on chopping block at Kern County Employees

Kern County Employees' Retirement Association's investment committee recommended terminating four equity managers as it implements asset allocation changes approved earlier this year.

December 08, 2016 | 12:36 pm
OECD advocates use of annuities in pensions outlook

OECD advocates use of annuities in pensions outlook

The Organization for Economic Cooperation and Development is advocating for the purchase of an annuity to provide income in retirement, and to alleviate the pressure on participants of managing...

December 08, 2016 | 07:32 am

Columbia Threadneedle picks CEO for EMEA

Michelle Scrimgeour was named CEO, Europe, Middle East and Africa, at Columbia Threadneedle Investments, and CEO of Threadneedle Asset Management Ltd.

December 08, 2016 | 11:49 am
KPMG: Women still facing difficulties in managing alternative investment firms

KPMG: Women still facing difficulties in managing alternative investment firms

Significant barriers to success remain for women who want to launch their own firms and manage alternative investments.

December 08, 2016 | 10:40 am
Casey Quirk: Fee pressure, slow growth will force managers to cut costs and evolve

Casey Quirk: Fee pressure, slow growth will force managers to cut costs and evolve

Fee pressure and slow growth will force global asset managers to cut costs and transform their business strategies to survive, said a new white paper from money management consulting firm Casey Quirk ...

December 07, 2016 | 08:00 am

San Mateo County Employees returns 0.7% for fiscal year, below benchmark

San Mateo County Employees’ Retirement Association, Redwood City, Calif., returned a net 0.7% for the fiscal year ended June 30, below its benchmark return of 1%.

December 07, 2016 | 02:58 pm