Treasury department

Treasury Secretary Lew backs Puerto Rico bankruptcy protection

Treasury Secretary Lew backs Puerto Rico bankruptcy protection

Treasury Secretary Jacob Lew supports allowing Puerto Rico to access Chapter 9 bankruptcy protection as the commonwealth struggles to deal with $72 billion in debt.

July 29, 2015 | 03:15 pm
Dodd-Frank five years later

Dodd-Frank five years later

It's been five years since President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, a far-reaching law enacted in the wake of the 2008 financial crisis that aimed...

July 21, 2015 | 01:56 pm
Federal agencies report finds high-frequency trading a factor in October 'flash crash'

Federal agencies report finds high-frequency trading a factor in October 'flash crash'

The “flash crash” in U.S. Treasuries on Oct. 15, 2014, came from several factors, including high-frequency trading.

July 13, 2015 | 01:49 pm
GE will seek to reverse FSOC designation

GE will seek to reverse FSOC designation

General Electric Co. will seek to undo designation as a systemically important financial institution after it completes the sale of its lending business GE Capital, which it announced April 10.

April 13, 2015 | 03:18 pm
Treasury Department, IRS release guidance to correct auto-enrollment errors

Treasury Department, IRS release guidance to correct auto-enrollment errors

The Treasury Department and the IRS on Thursday announced new guidance to defined contribution plans offering auto-enrollment features that will make it easier for the plans “to easily correct...

April 02, 2015 | 03:33 pm
DC East conference themes focus on litigation, regulation, cybersecurity threats

DC East conference themes focus on litigation, regulation, cybersecurity threats

Litigation, regulation, legislation and some consternation emerged as dominant themes at the annual Pensions & Investments' East Coast Defined Contribution Conference, held March 1-3 in Miami.

March 04, 2015 | 06:53 pm
Multiemployer plans untangle reforms

Multiemployer plans untangle reforms

Some multiemployer pension fund executives are trying to figure out whether to take advantage of a controversial new reform law that allows potential benefit cuts for participants and retirees....

February 09, 2015

FSOC moves toward more transparency

The Financial Stability Oversight Council agreed Wednesday to bring more transparency to its process for determining whether non-bank financial institutions are systemically important to the...

February 05, 2015 | 02:59 pm
Monetary policy divergence becoming unusually explicit

Monetary policy divergence becoming unusually explicit

Monetary policy divergence — and the opportunities and downfalls it presents — is set to take center stage in conversations among global money managers in 2015, with expectations that...

December 22, 2014
IRS allows use of annuities in target-date fund series

IRS allows use of annuities in target-date fund series

The Internal Revenue Service on Friday said defined contribution plans’ use of a target-date fund series containing deferred annuities won’t violate IRS rules against DC plans...

October 24, 2014 | 03:45 pm
IRS, Treasury release final hybrid plan rules

IRS, Treasury release final hybrid plan rules

The Treasury Department and the IRS finalized regulations for hybrid retirement plans such as cash balance plans that have been pending since 2010.

September 19, 2014 | 04:17 pm
ERISA at 40

ERISA at 40

While the Employee Retirement Income Security Act of 1974 benefited millions of people, it did not live up to the “retirement income security” part of its name. Along with praise for what ...

September 01, 2014
Lessons learned from ERISA

Lessons learned from ERISA

ERISA was a farsighted law in many aspects, especially in defining and assigning fiduciary responsibility, including prohibition on conflicts of interests, to those overseeing pension funds. But...

September 01, 2014
Maryland CIO leaving for federal post on public pensions

Maryland CIO leaving for federal post on public pensions

A. Melissa Moye is resigning as chief investment officer of the $45.4 billion Maryland State Retirement & Pension System, Baltimore, officials announced Monday.

August 04, 2014 | 02:00 pm
 Treasury allows longevity annuities in retirement plans

Treasury allows longevity annuities in retirement plans

The Treasury Department on Tuesday announced a final rule that will facilitate retirement plan participants' access to deferred-income annuities.

July 01, 2014 | 01:08 pm