Is the Endowment Tax a Trojan Horse?
New 1.4% tax on private colleges’ investment income could be a ‘harbinger’ for non-profit entities.
Regulation
FCA Accuses Four Asset Managers of Breaking Law
Statement of objections initiates regulator’s first enforcement case.
Brazil’s Pension Reform Vote Moves to Dec. 15
Bill will be more difficult to pass if pushed back to 2018, Congress says.
UK University Employees to Vote on Strike over Pension Changes
Union calls for strike over proposal to move participants into defined contribution plans.
More Trials Ahead for North Carolina Pension Fund
Despite fee slashes, fund is not yet out of the water.
Softer Pension Proposal Leads to Brazilian Stock Slip
Reductions to plan made to ensure December Congressional vote.
In-Depth: What Hath Roth Wrought?
The forced ‘Rothification’ of defined contribution plans would be a disaster, say industry experts.
China to Use State Assets to Close Pension Fund Gap
Plan is part of government effort to compensate for aging population.
US Lawmakers Propose Pension Rehabilitation Administration
Treasury unit would allow pension plans to borrow money to remain solvent.
In-Depth: What to Expect from 2018 PBGC Premiums, Mortality Rates
LDI, pension risk transfers “likely” to increase as new tables, premiums take hold, experts say.
Union Members Urged to Reject BT Pension Proposals
Communication Workers Union says a major industrial relations showdown looks inevitable.
Kentucky Calls for Redo of TRS Pension Bill Analysis
State budget director balks at report that says proposed reform plan will cost taxpayers billions.
Kentucky Education Groups Offer Alternative Pension Reform Plan
Coalition calls for less generous plans, but nixes switch to DC.
Houston Voters Approve $1 Billion in Pension Bonds
$750 million will go to the city’s police pension, and $250 million to the municipal workers' pension.
Unite to Vote on Royal Mail Pension Proposals
Union doesn’t offer a recommendation, but calls proposals “best achievable” package.