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Viewing stories published on November, 2, 2017. Click here to view latest.

Republican tax blueprint leaves 401(k) accounts alone, but adds private university endowments tax

Legislation -

Legislation -

Contributions to 401(k) and IRA retirement accounts remain unchanged in the tax reform proposal released Thursday by congressional Republicans.
DOL asks Office of Management and Budget to approve 18-month fiduciary rule delay

REGULATION -

REGULATION -

A final rule that would delay the fiduciary rule for 18 months was sent by the DOL for approval by the Office of Management and Budget.
Jerome Powell tapped as next Federal Reserve chairman

WASHINGTON -

WASHINGTON -

Jerome Powell will be nominated by President Donald Trump to succeed Janet Yellen as chairman of the Federal Reserve.
Japan's GPIF: 3% gain for Sept. 30 quarter lifts portfolio to ¥156.8 trillion

ONLINE -

ONLINE -

Combined domestic, overseas stock allocations of 48% drive latest returns; cash holdings at record high, domestic bonds record low
Colorado governor proposes pension reforms that would increase employee contributions, cut COLAs

PENSION FUNDS -

PENSION FUNDS -

The Colorado governor proposed reforms to shore up a state pension fund, which include hiking contributions for employees and cutting COLAs.

ALTERNATIVES -

ALTERNATIVES -

Ria Dimalanta Nova joined Varde Partners as head of Americas business development and investor relations.
BT Group to consult with employees on proposed retirement plan changes

Pension Funds -

Pension Funds -

BT PLC, London, is set to consult with employees on proposed changes to its retirement arrangements
Och-Ziff AUM inches down in quarter as net outflows continue

Alternatives -

Alternatives -

Och-Ziff Capital Management Group's assets under management fell 1.5% in the quarter and declined 17% in the year ended Sept. 30 to $32.7 billion.
Unfunded pension liabilities factor into some states' poor grades on legacy costs — report

Pension Funds -

Pension Funds -

Nine states in the U.S. have received the lowest possible grades on legacy costs in a new report on budget practices and transparency.
CalSTRS gets OK from board to look for a co-investment adviser

Alternatives -

Alternatives -

CalSTRS' board approved hiring a co-investment adviser, helping the pension fund expand its private equity co-investment program.
Ontario Teachers sells stakes in 2 U.K. airports to Sunsuper, New South Wales unit

Pension Funds -

Pension Funds -

Ontario Teachers' Pension Plan agreed to sell stakes in two airports to Sunsuper Superannuation Fund and the New South Wales Treasury Corp.

Money Management -

Money Management -

Jason R. Stefanelli was named director, Canada at William Blair, part of efforts to expand the money manager's presence in the country.
San Diego County pension plan gets dismissal of case by former employee against ex-OCIO

COURTS -

COURTS -

SDCERA persuaded a judge to dismiss a case brought on the plan's behalf by a former investment officer against the pension fund's former OCIO.
Corporate pension funding improves slightly in October — 2 reports

Pension Funds -

Pension Funds -

The aggregate funded status of the largest U.S. corporate pension plans rose in October, said two reports.
Machine learning, AI pose host of potential risks, benefits in financial services — FSB

Markets -

Markets -

The rise of machine learning and artificial intelligence in financial services may pose risks to financial stability as well as benefits.