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DOL proposes 401(k) plan fee-disclosure guide
trueThe Department of Labor Tuesday proposed a guide for navigating information provided by service providers, in an effort to help plan executives and fiduciaries of 401(k) defined contribution plans better understand the fees they are paying.
DC East speakers tout importance of education, communication
trueSuccess in achieving defined contribution plan goals can rely as much on how plan executives and service providers communicate as to what investment options they offer, plan designs they prepare, and products and services they develop
Companies bracing for 1-2 retirement punch
trueDespite the growing drumbeat in Washington to stimulate more retirement savings, the prospect for real change is dim, and retirement plan sponsors are braced for more bad news from Congress and the White House.
A new cop at the SEC
trueWith Mary Jo White now leading the Securities and Exchange Commission, senior executives of investment management firm and officials of fiduciary fund boards as well as compliance professionals alike should recognize the need to step up their game to avoid a potential run-in with the new cop on the ...
NYPPEX expects transaction volume on secondary market to rise in 2014
trueThe Volcker rule, finalized in December by five federal agencies, including the Securities and Exchange Commission, will have a major positive impact on the transaction volume of private equity and hedge fund limited partnership interests on the secondary market this year.
WAMCO reaches settlements with SEC, DOL
trueWestern Asset Management Co. will pay $21 million to settle charges involving internal coding errors and cross trading resulting in some investor losses.
DOL set to take a look at 'brokerage windows' in 401(k) plans
trueThe Labor Department is poised to take a closer look at whether investors are protected in defined contribution plans that enable employees to go beyond the plan's menu to choose investments.
New York attorney general expands crime unit to focus on finance industry
trueNew York Attorney General Eric Schneiderman formed a new unit focused on fighting financial wrongdoing, expanding an existing criminal bureau two years after Gov. Andrew Cuomo created a financial regulator with a similar mandate.
CII urges SEC to allow shareholders to split proxy votes
trueShareholders should have the ability in contested corporate board elections to vote on one ballot for any combination of management and dissident nominees that investors believe will foster long-term shareholder value, according to a Council of Institutional Investors petition Wednesday to the SEC.
Asset managers dub FSOC's approach too bank-like
trueA growing drumbeat of criticism over the federal government's attempts to prevent a financial crisis in the asset management industry by applying bank-like rules appears to be having little effect.
Change in U.K. rules could lead to job changes for analysts
trueThe Financial Conduct Authority, the U.K.'s watchdog for money managers and other financial services firms, this spring will clarify rules around the spending of client trading commissions.
Washington to keep things hopping for DC plans in 2014
trueAfter a year of relative calm, the defined contribution industry faces a series of potentially sweeping regulations expected from the Labor Department and, to a lesser extent, the SEC in 2014.
Regulations in new year might look a lot like the old year for retirement plans
true2014 might seem like deja vu to many retirement plan sponsors.
Preventing the next financial crisis requires regulatory changes
trueThe storm clouds of the next financial crisis are building and we must know where they are and how fast they are approaching. Our preparedness on all fronts must improve in 2014.
GAO study: Better pension reporting coordination needed
trueFederal regulators overseeing retirement plan reporting and disclosure rules could do a better job for plan sponsors and participants, the Government Accountability Office said in a report released Tuesday.