Practice

Government’s effort to boost retirement savings could overburden small employers.

A bill before Congress seeking to increase retirement savings among workers will unnecessarily overburden small employers, according to a new report from Aite Group.

While it's clear that tighter rules for securitization are on their way, varying approaches to the issue by different agencies are making bankers and issuers uneasy.

So for UBS, the worst is over because the IRS is ending its case against the firm and only a data dump remains. But what's next?

Fund managers and other experts say that target-date funds need to increase the amount of information they provide investors to understand their investment risk. But they don’t want the Securities and Exchange Commission to change the way the funds are named.

Investment funds, lawmakers and other fund experts say that target-date funds need to increase the amount of information they provide investors to understand their investment risk. But they don’t want the Securities and Exchange Commission to change the way the funds are named.

In a letter to the SEC, investment management firm says it does support enhanced disclosure.

Although it supports the Securities Exchange Commission’s goal of bringing more disclosure to target-date funds, the proposal to include asset allocation information in the fund’s name will only confuse investors, BackRock said in a letter to the agency this week.

The securities industry regulator fined a Zions Bancorp unit $225,000 for failing to disclose a potential conflict of interest in online auctions for certificates of deposit.

Because women live longer, require more care and tend to be the primary caregivers in their families, long term care falls disproportionately on their shoulders. Yet according to a recent survey by Genworth Financial women face challenges talking to their families about putting together a financial strategy to deal with long term care.