Can Annuities Save Multiemployer Pensions?
Northwestern professor says annuities could have helped avoid the crisis.
Regulation
Brazil’s Military Now Part of Pension Reform
President’s latest proposal aims to save about $3 billion over the next decade.
SEC Charges Volkswagen with Defrauding Bond Investors
Regulator accuses automaker of ‘massive fraud’ to sell bonds at inflated prices.
Vending Machine Owner Indicted for Embezzling from Employee Pension
Howard Preschel allegedly claimed the plan’s money belong to him, not his workers.
Australian Supers to Post Common Data on Their Performance
Regulator is requiring the retirement funds to provide the public with metrics on returns and fees, starting in 2020.
SEC Settles Charges Against 79 Advisers
Violators agree to return more than $125 million to clients.
Pension Sues Banks over Euro Bond Scandal
Lawsuit accuses Bank of America, Royal Bank of Scotland of rigging European government bond prices.
Dallas Police and Fire Wins Court Ruling on Post-Retirement Income
Texas Supreme Court sides with fund’s reduction of required 8% return from special program.
Adviser Fined $1.6 Million for 25 Years of Pension Fraud
Restitution order comes after sentence of 41 months in prison.
New York State Comptroller Calls Out 4 More Companies on Board Diversity
Common Retirement Fund has now filed shareholder demands against 33 businesses.
FCA Issues No-Deal Brexit Tips for Firms
UK regulator says it has prepared for a range of scenarios for when the UK leaves the EU.
Moody’s Cautiously Upbeat on Brexit Extension
Ratings agency says allowing more time for EU talks would be ‘credit positive,’ though it isn’t upgrading Britain now.
Church Investors Want to Speed Up ESG Reforms for FTSE 350 Companies
Climate change, board diversity among $27.7 billion faith group’s top priorities.
Accountant Trustee Used Pension as ‘Personal Piggy Bank’
UK regulator also charges husband and wife for defrauding charity.
Fort Worth Declares Pension Problem ‘Solved’
City employees approve plan to increase contributions to retirement fund.