Legislation

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  1. FATCA's good, bad, ugly choices

    trueJuly 1 this year marks the dawn of the FATCA new world order. Giving the U.S. Internal Revenue Service unprecedented extraterritorial powers to gather information on foreign financial institutions and their underlying account holders, the Foreign Account Tax Compliance Act represents the U.S. ...

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  1. Preqin: Hedge fund and private equity managers not in rush to market funds

    truePrivate equity and hedge fund managers have yet to take advantage of the loosening of marketing restrictions in the JOBS Act signed by President Barack Obama in April 2012, according to a survey by Preqin.

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  2. House approves pension funding change for rural cooperatives and charities

    trueThe House of Representatives on Monday approved by a voice vote legislation that gives charities and rural cooperatives some pension funding flexibility.

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  3. Multiple employer plans grabbing more attention

    trueA concerted effort in Washington to get more employers to offer retirement plans has raised the profile of multiple employer plans, a largely untapped market for institutional money managers and other service providers.

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  4. Ways and Means committee chairman wants carried interest tax rate eliminated

    trueHouse Ways and Means Chairman Dave Camp, R-Mich., on WednesdayFeb. 26 unveiled a draft proposal for comprehensive tax reform that calls for eliminating private equity firms’ carried interest tax rate and trims tax advantages of retirement savings for higher-income workers.

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  5. Statewide retirement plan proposed in Connecticut

    trueA bill proposing the creation of a statewide retirement plan for all Connecticut residents was introduced in the state Senate on Friday.

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  6. Illusionary retirement accounts

    trueAs currently conceived, myRA helps people start saving now. What is missing is help to encourage them to save even more later.

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  7. The pension fund cookie jar

    trueCorporate defined benefit plans, still struggling to raise funding levels, are being used, in the words of one actuarial consultant, as a cookie jar by Congress to finance unrelated federal spending.

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  8. Retirement: A welcome focus from the State of the Union

    trueNot too long ago, talk of a retirement crisis, the reaction, more often than not, was “I'll believe it's a crisis when people start acting like it's a crisis.”

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  9. Harkin's universal retirement plan called a good start despite some hurdles

    trueAn ambitious idea for a universal retirement program introduced Jan. 30 by Sen. Tom Harkin, D-Iowa, is being welcomed for advancing a national debate on ways to improve retirement security, but it faces an uphill climb in Congress.

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  10. Universal retirement legislation submitted by Harkin

    trueSen. Tom Harkin, D-Iowa, introduced legislation Thursday that would make universal retirement coverage available to an estimated 75 million Americans who are without access to workplace retirement plans or are self-employed.

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  11. Senate passes pension relief for charities, rural cooperatives

    trueThe Senate on Tuesday unanimously approved legislation that gives charities and rural cooperatives pension funding relief.

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  12. Harkin to unveil universal pension legislation

    trueSen. Tom Harkin, D-Iowa, will unveil his legislative proposal for creating a privately run retirement system Thursday.

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  13. Indiana Public Retirement reissues search for annuity provider amid legislative uncertainty

    trueThe Indiana Public Retirement System, Indianapolis, reissued an RFP for a lifetime annuity provider for its $5.6 billion annuity savings account program despite a bill that passed the state House that would force the retirement system to continue to manage the program in-house.

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