Editorials

  1. Defying economic reality

    trueIn embracing legislation to repeal the Multiemployer Pension Reform Act of 2014, the International Brotherhood of Teamsters and other union leaders have put themselves at odds with the retirement security of multiemployer plan participants.

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  1. Making banks accountable

    truePension funds, endowments, foundations and other asset owners — victims of manipulation of foreign exchange prices by four big banks and interest rate benchmarks by another — must demand reimbursement for their losses following the guilty pleas of the banks to criminal charges concerning the ...

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  2. The dividends of diversity

    trueCompanies, and the investment managers that invest in them, are coming under pressure to add diversity to their top ranks.

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  3. Factor-based investing needs a hard look

    trueInstitutional investors should not rush into factor-based investing, the hot new thing being offered by many money management firms.

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  4. Gentle persuasion necessary on retirement goals

    trueThe latest Retirement Confidence Survey conducted by the Employee Benefit Research Institute and Matthew Greenwald & Associates shows employees' confidence in their ability to afford to retire increased last year. That confidence could be misplaced; less than half have tried to figure out how much ...

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  5. Concerned? Please speak up

    trueThe Department of Labor has taken a welcome step in protecting the retirement assets of workers with its proposed new fiduciary rule.

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  6. It's time for leadership

    trueThe time has come for Chicago Mayor Rahm Emanuel to exhibit leadership.

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  7. Fulfilling a valuable purpose

    truePension funds should stop trying to save the world and reaffirm their focus on securing retirement benefits for millions of participants.

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  8. A judge's call for 401(k)s

    trueThe federal judge who oversaw the Detroit bankruptcy case, Steven W. Rhodes, has offered a blunt assessment of the future of public retirement systems, calling for officials to consider moving to defined contribution plans.

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  9. Wasting 401(k) plan assets

    trueBig employers have come out in favor of higher-fee retail mutual funds in 401(k) plans. What are they thinking? That position is an unacceptable breach in the duty of fiduciaries.

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  10. Fee on leverage misguided

    truePresident Barack Obama's proposed financial fee on leverage that would apply to large investment management firms as well as other large financial institutions won't enhance market stability as it supposedly is designed to do.

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  11. Cash needs to be put to work

    truePension funds and other asset owners can limit the cash positions in their portfolios, but they cannot significantly influence other huge pools of cash sitting on the sidelines — cash idle on corporate balance sheets. This must change.

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  12. Damage of low rates

    trueThe best thing that could be done for pension funds in 2015 is something they can't do themselves: increase interest rates.

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  13. Getting back on track

    trueThe Financial Analysts Journal, what the CFA Institute calls its flagship publication and one of its principal means of outreach to advance development of the investment management profession, recently has appeared at risk of losing its way.

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