Legislation

Trump throws future of fiduciary rule into disarray

Trump throws future of fiduciary rule into disarray

As the April 10 deadline approaches for implementation of the Department of Labor's fiduciary rule, some members of the defined contribution industry are forging ahead with compliance strategies...

February 20, 2017
New York financial firms will have to implement cybersecurity programs

New York financial firms will have to implement cybersecurity programs

Financial services firms overseen by the New York State Department of Financial Services will be required to have cybersecurity programs and policies in place by March 1.

February 17, 2017 | 03:38 pm
PLSA calls for stronger governance disclosures at U.K. companies

PLSA calls for stronger governance disclosures at U.K. companies

The Pensions and Lifetime Savings Association is calling for changes to existing corporate governance policies for U.K. companies, including the disclosure of pay ratios between CEOs and employees.

February 17, 2017 | 02:56 pm
Donald Trump taps Alexander Acosta as labor secretary nominee

Donald Trump taps Alexander Acosta as labor secretary nominee

President Donald Trump has nominated Alexander Acosta for secretary of labor, a day after previous nominee Andrew Puzder withdrew.

February 16, 2017 | 11:23 am
House votes to block Labor Department rules on state retirement programs for private sector

House votes to block Labor Department rules on state retirement programs for private sector

Resolutions to block Department of Labor rules allowing states and large political subdivisions to set up private-sector retirement savings programs were passed by the U.S. House of Representatives...

February 15, 2017 | 05:37 pm
PBGC premiums on the up and up

PBGC premiums on the up and up

Since the enactment of the Pension Protection Act in 2007, premiums required by the Pension Benefit Guaranty Corp. have increased dramatically.

February 10, 2017 | 11:22 am
Texas court upholds DOL fiduciary rule, denies stay

Texas court upholds DOL fiduciary rule, denies stay

A U.S. district judge in Dallas dismisses a legal challenge to the Department of Labor's fiduciary rule, saying the rule is within the Labor Department's authority.

February 08, 2017 | 05:36 pm
Department of Justice asks for stay on fiduciary rule challenge pending agency review

Department of Justice asks for stay on fiduciary rule challenge pending agency review

The Department of Justice asked the judge overseeing one of several challenges to the Department of Labor’s fiduciary rule to stay the proceedings, following President Donald Trump’s...

February 08, 2017 | 03:58 pm
House resolutions introduced to undo state, city secure choice rules

House resolutions introduced to undo state, city secure choice rules

Resolutions to block Department of Labor rules allowing states to set up private-sector retirement savings programs were introduced Wednesday by two members of the House Education and the Workforce...

February 08, 2017 | 03:19 pm
Connecticut governor asks towns to contribute toward teacher pension costs

Connecticut governor asks towns to contribute toward teacher pension costs

Connecticut Gov. Dannel P. Malloy is asking towns to contribute to the costs of their teachers’ pensions as part of his proposed 2018/2019 fiscal year biennial budget presented to the state...

February 08, 2017 | 03:52 pm
Financial firms ready for fiduciary rule, Sen. Elizabeth Warren says

Financial firms ready for fiduciary rule, Sen. Elizabeth Warren says

BlackRock, Vanguard Group, TIAA-CREF and 18 other financial firms support implementation of the Department of Labor's fiduciary rule, Sen. Elizabeth Warren, D-Mass., said Tuesday in a letter to...

February 07, 2017 | 12:26 pm

Institutional Retirement Income Council selects first executive director

Robert Melia was named the first executive director of the Institutional Retirement Income Council, a non-profit organization that provides information about best practices and...

February 07, 2017 | 03:23 pm
Employer groups happy with high court nominee

Employer groups happy with high court nominee

Supreme Court nominee Neil Gorsuch's legal positions are reassuring employer groups that they will have a pro-business ally critical of regulators and investor lawsuits if he is confirmed to replace...

February 06, 2017
Trump calls for Dodd-Frank review, fiduciary rule delay or replacement

Trump calls for Dodd-Frank review, fiduciary rule delay or replacement

President Donald Trump continued his push to trim federal regulations Friday, signing an executive order that federal regulators revisit the 2010 Dodd-Frank Wall Street Reform and Consumer Protection ...

February 03, 2017 | 01:57 pm
Blackstone may want $40 billion for infrastructure

Blackstone may want $40 billion for infrastructure

Blackstone Group LP would target as much as $40 billion for infrastructure deals if the world's biggest private equity firm re-enters the sector, says one of its top dealmakers.

February 01, 2017 | 12:49 pm