Washington

SEC setting its sights on ETFs in 2016

SEC setting its sights on ETFs in 2016

While a reassessment of risk is clearly underway in 2016, it sits squarely on the list of regulatory priorities as well. Exchange-traded funds, specifically, and within the framework of the...

February 11, 2016 | 01:54 pm
IRS' new proposed multiemployer guidance could affect UPS

IRS' new proposed multiemployer guidance could affect UPS

The IRS on Thursday proposed new guidance on how multiemployer benefit reduction applications will affect certain employers that have withdrawn from participating in plans. The new guidance could...

February 11, 2016 | 04:21 pm

New York State Teamsters mulls filing for benefit reductions

New York State Teamsters Conference Pension and Retirement Fund, Syracuse, might be the next multiemployer pension plan to seek permission to reduce benefits for retirees and other participants.

February 11, 2016 | 03:47 pm
Obama proposes curbs to retirement-savings tax incentives for wealthy, heirs

Obama proposes curbs to retirement-savings tax incentives for wealthy, heirs

President Barack Obama has returned to a familiar soundtrack when it comes to curbing tax incentives for retirement savings, and interest groups want to limit its air play on Capitol Hill.

February 11, 2016 | 12:59 pm
Machinists union hits back at DOL lawsuit against pension fund trustees

Machinists union hits back at DOL lawsuit against pension fund trustees

The International Association of Machinists and Aerospace Workers is disputing allegations made in a Department of Labor lawsuit against the IAM National Pension Fund, Washington.

February 10, 2016 | 04:30 pm
Yellen says Fed won't reverse course with rates

Yellen says Fed won't reverse course with rates

Federal Reserve Chairwoman Janet Yellen told a House panel Wednesday that evolving economic conditions will warrant “only gradual increases” in the federal funds rate.

February 10, 2016 | 03:17 pm
Congressional leaders want details on how private university endowments operate

Congressional leaders want details on how private university endowments operate

The 56 largest private university endowments have until April 1 to explain to Congress how they use their tax-preferred status for educational and charitable purposes.

February 09, 2016 | 05:40 pm
Obama budget highlights greater funding for financial regulators, higher PBGC premiums

Obama budget highlights greater funding for financial regulators, higher PBGC premiums

President Barack Obama called for doubling the budgets of financial regulators over the next five years in his fiscal year 2017 budget released Tuesday.

February 09, 2016 | 03:31 pm
SEC proposal could alter use of mutual funds in DC plans

SEC proposal could alter use of mutual funds in DC plans

Proposed SEC regulations that would require mutual funds to have a minimum cash cushion and liquidity risk management programs in place could have a broad impact on retirement plans, sources said.

February 08, 2016

IRS must take the initiative on guidance

The IRS has taken an important, but limited, step to ease concerns of sponsors of closed defined benefit plans about falling afoul of non-discrimination rules.

February 08, 2016
SEC to refund $9 million to Diamondback after overturned insider-trading charges

SEC to refund $9 million to Diamondback after overturned insider-trading charges

Diamondback Capital Management will get back $9 million that it paid in January 2012 to settle insider-trading charges brought by the Securities and Exchange Commission.

February 03, 2016 | 03:48 pm
Treasury extends Central States application comment period again

Treasury extends Central States application comment period again

The Treasury Department reopened for a second time the comment period for the benefit reduction application by the Teamsters Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Ill.

February 02, 2016 | 04:11 pm
Credit Suisse, Barclays to pay record settlements over dark pool allegations

Credit Suisse, Barclays to pay record settlements over dark pool allegations

Credit Suisse Securities and Barclays Capital will pay a combined $154.3 million to settle SEC and New York state charges that they misled clients who traded on the firms' dark pools.

February 01, 2016 | 10:46 am
Final fiduciary rule sent for OMB approval

Final fiduciary rule sent for OMB approval

The Department of Labor sent a final rule updating the fiduciary standard for regulatory approval by the Office of Management and Budget late Thursday.

January 29, 2016 | 01:10 pm
IRS proposes new DB plan non-discrimination testing rules

IRS proposes new DB plan non-discrimination testing rules

Sponsors of defined benefit plans closed to new employees were cautiously encouraged by proposed rules from the IRS that would make it easier to comply with non-discrimination testing.

January 28, 2016 | 04:01 pm