MyRA, the federal government's just-launched program to encourage workers without access to a workplace retirement plan to begin saving for retirement, gets off on the wrong foot and should be changed.
November 16, 2015
The ERISA Industry Committee on Thursday asked officials at the Department of Treasury and the IRS to clarify their July 9 decision to no longer permit lump-sum payments to people already receiving...
November 05, 2015 | 03:46 pm
The number of people being offered retirement savings plans at work has not improved since passage of the Employee Retirement Income Security Act of 1974, Assistant Secretary of Labor Phyllis Borzi...
October 21, 2015 | 03:52 pm
As Washington policymakers face a looming deadline to avoid breaching the federal debt ceiling on Nov. 3, investors are calmer than they were during a similar scenario in 2013 but more concerned...
October 19, 2015
The U.S. government will hit its debt limit no later than Nov. 3, Treasury Secretary Jacob Lew said in a letter to Congress Thursday, calling on lawmakers to raise the debt ceiling “without...
October 15, 2015 | 02:20 pm
Institutional investors must have scratched their heads at the remarks of Jacob J. Lew, secretary of the Treasury Department, a few weeks before the beginning of the recent turmoil in the markets.
October 05, 2015
Hedge fund and other private fund managers will have to revisit whether they know enough about their clients under recently proposed anti-money laundering rules, experts said.
September 07, 2015
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
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
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
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
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
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
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
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...