Laid-Off Ford Managers Set Back on Bid for Higher Pension Payouts
Federal judge rules that they must use arbitration, instead of the courts, to seek redress.
News
Expect More Inflation Ahead, but Not 1970s Levels, BlackRock Says
Asset management titan thinks pandemic stimulus and new Fed tolerance should lead to increases in the 2.5% range.
Hawaii’s Public Pension Fund Rises 5.38% in Q1 Fiscal 2021
The asset value for the state retirement system’s portfolio increases to $18 billion.
Nearly 50 Religious Institutions Divest From Fossil Fuels
A group of mostly Catholic organizations follows Pope Francis’ call for decarbonization of economies.
How to Take Advantage of the Coming Market Surge
When the economy drops as much as it has, history shows a powerful stock bull run is forming, says Leuthold’s Paulsen.
SEC Charges Five Firms for Unsuitable Exchange-Traded Product Sales
The companies’ advisers told clients to hold complex short-term investments for as long as a year or more, contrary to warnings in offering documents.
Pension Gender Gap Closes to 1% in UK
However, report finds women are still saving £1,300 less per year than men.
Canada Pension Plan Investment Board Returns 5% for Quarter
Asset value rises to C$456.7 billion for Q2 of fiscal year 2021; fund names Frank Ieraci as head of active equities.
How Transitioning to a Low-Carbon Economy Impacts Equity Markets
JPMorgan report says the impact of climate transition across and within sectors is likely to vary significantly.
TPR Warns Trustees to Prepare for Plan Sponsor Distress
Regulator says trustees must act quickly to protect savers if they spot warning signs of an employer’s financial difficulties.
NYC Investment Fund Manager Convicted of Multiple Fraud Charges
Donald LaGuardia faces a maximum of 45 years in prison for misappropriating funds and lying to investors.
Jerome Powell May Get Extended as Federal Reserve Chief, Say Analysts
The GOP-appointed Fed chair, whose term expires in 2022, has Dem admirers in the Senate.
Kentucky Teachers’ Plan Improves Funded Status to 58.4%
The state’s full contribution led to a fourth straight year of higher funding levels, as the pension issue continues to roil the legislature.
UK to Launch First Green Bond in 2021
Issuance intended to help country meet target of reaching carbon net zero by 2050.
Wells Fargo Ex-CEO Stumpf Pays $2.5 Million to Settle SEC Charges He Misled Investors
Former Community Bank head Carrie Tolstedt has also been charged by the regulator.