Washington

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  1. IRS allows use of annuities in target-date fund series

    trueThe Internal Revenue Service on Friday said defined contribution plans’ use of a target-date fund series containing deferred annuities won’t violate IRS rules against DC plans discriminating in favor of higher paid employees, as long as other IRS guidelines are followed.

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  1. Money managers to redraw battle plans after SEC nixes batch of nontransparent ETFs

    trueActive fund managers will have to redraw battle plans in their years-long push to bring new products to exchanges after regulators delivered a public rebuke to two proposals for so-called “non-transparent” ETFs.

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  2. 2 senators call for derisking rules

    trueSenate Finance Committee Chairman Ron Wyden, D-Ore., and Senate Health, Education, Labor and Pensions Committee Chairman Tom Harkin, D-Iowa, want federal regulators to set clear guidelines for employers undertaking pension derisking.

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  3. IRS adjusts 2015 retirement plan contribution limits for inflation

    trueEmployees will be able contribute more to their defined contribution plans in tax year 2015, thanks to cost-of-living adjustments announced Thursday by the Internal Revenue Service.

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  4. SEC rejects applications for non-transparent ETFs

    trueThe Securities and Exchange Commission has declined an appeal by active fund managers to allow ETFs to trade without disclosing their underlying holdings.

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  5. SEC's compliance office makes conflicts of interest a top priority

    trueConflicts of interest are a top priority for the Securities and Exchange Commission's office of compliance inspections and examinations, Andrew Bowden, OCIE director, told compliance professionals gathered at the NSCP Compliance Conference on Tuesday.

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  6. SEC picks hedge fund expert as OCIE deputy director

    trueMarc Wyatt was named deputy director of the SEC’s office of compliance inspections and examinations, the agency announced Monday.

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  7. PBGC to take over Reichhold pension plan

    trueThe PBGC will take over the defined benefit plan of Reichhold Inc., the agency announced Friday.

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  8. SEC enforcement sets record in FY 2014

    trueThe Securities and Exchange Commission filed a record 755 enforcement actions in fiscal year 2014 that led to $4.16 billion in disgorgement and penalties, according to preliminary figures released by the agency Thursday.

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  9. Regulation is top concern for boutique managers — report

    trueBoutique money managers globally say regulation is the greatest potential hindrance to their success, with the proportion of those citing it as a major focus increasing to 42% compared with 2013.

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  10. ISDA introduces rules to delay swaps termination rights

    trueSwaps termination rights and collateral demands will be delayed under rules introduced by the International Swaps and Derivatives Association and agreed to Oct. 11 by 18 major banks.

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  11. Pension-related cases being heard by the Supreme Court

    trueThe Supreme Court's new term includes cases challenging investors' burden of proof in securities litigation and whether 401(k) plan fiduciaries can be sued for investment choices made years earlier.

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  12. Political groups appeal SEC pay-to-play rule

    trueA federal limit on political contributions by money managers doing business with public pension funds is working so well that some political groups are continuing to challenge it in court.

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  13. Challenges from 401(k) fiduciary breaches litigation

    trueWith ERISA entering its 41st year, commentators highlighting the landmark legislation's successes and failures have paid little attention to the newfound focus on fiduciary responsibility resulting from an increase in litigation from alleged fiduciary breaches, particularly in 401(k) defined ...

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