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Improvements Needed for Multiemployer Pension System
While attendees of a U.S. House subcommittee hearing agreed that the U.S. multiemployer pension system needs to be improved, they had differing opinions on how to achieve this.
Shutdown Put Delay on Some Regulations
The two-week government shutdown in October delayed the U.S. Department of Labor’s (DOL) work on the fiduciary redefinition, according to Assistant Secretary of Labor Phyllis Borzi.
UBS Misled CDO Investors, SEC Claims
The SEC charged UBS for its failure to disclose that it retained upfront cash received when it acquired collateral for a collateralized debt obligation (CDO).
ERIC Urges Withdrawing Proposed Regs
In a comment letter, the ERISA Industry Committee (ERIC) urged the Pension Benefit Guaranty Corporation (PBGC) to maintain existing regulations on reportable events requirements.
Agencies Announce Relief for Tornado Victims
Regulators are offering relief for certain payment and filing deadlines for plan sponsors affected by the recent storms in Oklahoma.
Advisory Ranks Continue Shrinking
Terminations, retirements and those exiting the industry by choice have all taken their toll on the adviser headcount, which slipped 1.4% in the past year.
412(e)(3) Plans for Small-Business Clients
A 412(e)(3) fully insured defined benefit (DB) plan might be the right solution for small-business clients with stable profits.
Lower Annuity Premiums for Gen Y, Gen X
New York Life lowered the initial premium payment for its Guaranteed Future Income Annuity (GFIA), from $10,000, to $5,000.
Smart Beta Reduces Equity Dependence
Smart beta is an ideal way for investors to access the best aspects of market diversity at modest cost and governance, according to Towers Watson.
Toolkit Takes on Social Security Issues
Symetra Life Insurance Company unveiled a Web-based retirement planning toolkit for advisers as part of a retirement planning education campaign.
GAO Looks at Risk-Aligned PBGC Premiums
Moving to a more risk-based system would shift Pension Benefit Guaranty Corporation (PBGC) premium costs among sponsors.
DB Sponsors Should Review LDI Strategies
A white paper from Rocaton Investment Advisors suggests market conditions combined with recently passed pension funding relief justifies a new look at liability-driven investment (LDI) strategies.
NY Life Rolls Out Income Plus Variable Annuity
New York Life launched Income Plus, a variable annuity designed to meet the needs of pre-retiree Baby Boomers who seek a guaranteed future lifetime income stream amid volatile...
Consider PBGC Premiums Before Reducing DB Contributions
Advisers must consider the most effective ways to help sponsors take action under legislation that reduces required funding for defined benefit (DB) plans but increases their insurance premiums.