Bill Seeks to Allow 403(b) Plans to Use Collective Investment Trusts
Supporters say CITs are a less expensive alternative to mutual funds.
Regulation
Multiple Employer Pension Plans May Need to Brace Themselves for Lawsuits
Consulting firm October Three says lawyers will likely set their sights on MEPs.
UK Pensions Face Enforcement Action Over Climate Disclosures
The Pensions Regulator warns trustees not to shirk their climate risk disclosure responsibilities.
IRS Seeks to Track Down Cryptocurrency Tax Scofflaws
Court grants summons to identify taxpayers using Circle Internet Financial to conduct cryptocurrency transactions.
SEC Finds Potentially Misleading, Unproven Claims by ESG Funds
Agency issues risk alert over poor disclosure practices by some sustainable investment product providers.
Florida Senate Passes Bill to Move Most State Workers to DC Plan
Opponents say the proposed legislation attempts to solve a problem that doesn’t exist.
Extortionist Pleads Guilty to Crypto Firm Shakedown
Michael Hlady, who claimed to be part of the FBI, CIA, and NSA, threatened to ‘destroy’ a startup.
Backlash Puts Vermont Pension Reform on Hold
State speaker places public retirement systems proposal on backburner amid furor from state teachers and employees.
Op-Ed: Europe’s New ESG Rules Create an Opportunity for US Investors
Everyone should take notice of what the SFDR rules mean for the future of sustainable investing, says Apex Group’s Hari Bhambra.
SEC Extends Its Reach into Dark Web
Regulator charges former SpaceX engineer in its first enforcement of alleged securities violations on that part of the internet.
SEC Continues to Make ESG a Main Priority
The regulator has added a new page to its website to provide up-to-date ESG-related information and agency action.
Single-Employer Plans Can Lower Target Returns to 4% and 5%
Under the pension relief bill, allocators can aggressively de-risk corporate funds, says Insight Investment.
GOP Senators Demand Reversal of DOL’s ESG Decision
Republicans say retirement plans will be harmed if fiduciaries promote justice, diversity, and lower carbon emissions.
Exclusive Coverage: CIOs Assess How Pension Fund Investors Can Be Successful After COVID-19
Better governance, flexibility, and clever investment strategies and solutions can prepare pension funds for the future, plan leaders say.
SEC Seeks Climate Change Disclosure Input
Acting Chair Allison Herren Lee is calling for SEC staff and the public to evaluate rules on ESG-related disclosures.