Wagner Law Group Pushes for Changes to PBGC Penalty Proposal
The law group argues revisions are needed to avoid increasing administrative burdens that are pressuring the shrinking defined benefit market.
Regulation
Public Comments on SEC E-Delivery Rule Highlight Cost Savings, Investor Preference as Benefits
The American Securities Association and SIFMA were among industry groups submitting feedback by Monday’s deadline.
SEC Proposal to Move Proxy Oversight to States Comes Under Industry Scrutiny
According to the Securities and Exchange Commission, Rule 14a-8 exceeds the SEC’s authority, but opponents said the SEC’s proposal takes a ‘sledgehammer’ to shareholder proposals.
Digital Asset Bill Stalls in Senate After Failed Cloture Vote
What was supposed to provide crypto-friendly rules for investors and businesses has so far failed to make it to a full Senate vote.
SEC, CFTC Delay Hedge Fund Reporting Updates to 2027
The deadline to comply with proposed amendments to Form PF comes as the commission considers changing or ending the required reporting.
Court Recommends Dismissing Suit Challenging AT&T Pension Risk Transfer
A Massachusetts federal magistrate says that the suit lacks evidence against AT&T as being responsible for selecting the annuity pension provider.
Trustees, Retirement Platforms Top Australian Regulator’s Priorities for Fiscal 2027
The Australian Prudential Regulation Authority will take extra care in the continued reaction to two 2024 master fund collapses.
PBGC Makes Coverage Assessments for Prospective Pension Plans Permanent
The new program will allow employers to seek guidance on PBGC insurance coverage before establishing a defined benefit plan.
DOL Backs Bristol-Myers in PRT Appeal
The department joins business groups, insurers and states in warning that litigation threatens the pension risk transfer system.
SEC to Make E-Delivery Default for Investor Disclosures
A proposed regulation would allow firms to send prospectuses, shareholder reports and other required documents electronically without first obtaining investor consent.
Asset Manager, Industry Group Press SEC to Keep Quarterly Reporting
The ICI and the Capital Group warned that a semiannual option could reduce market transparency.
Consolidated Audit Trail Concept Release Elicits Strong Industry Support
SIFMA and the ASA are among the organizations urging Congress and the SEC to protect investors’ personally identifiable information.
Congress Passes Revised Bill to Limit Bulk Single-Family Home Purchases
The legislation bars companies that already own at least 350 properties from purchasing additional units.
PBGC Reaffirms Limits of Pension Insurance in First Opinion Letter in 24 Years
The agency also clarified that certain annuity buyouts do not trigger a reportable event.
PBGC to Pay Full Pensions for First Brands’ Workers
First Brands had terminated its pension plan, so the federal agency stepped in to ensure retirees receive their full benefits.