Portfolio

Sen. Kohl applauds DOL, SEC providing more information to employers and investors alike.

French bank wants to become a tier-one prime broker

The Department of Labor announced that beginning in August, it will require asset management firms to provide further information on the risks and benefits of investing in target-date funds, including details on their glidepaths, to employers and employees.

Seven of 10 employed individuals have given up on the idea of retirement, according to the 2010 EBRI Retirement Confidence Survey.

Fidelity Investments has hired William J. Henderson as chief executive officer of Fidelity Clearing Canada., reporting to National Financial President Sanjiv Mirchandani.

Overall sales of annuities through bank holding companies rose 0.5% to $2.62 billion last year, but the results were somewhat skewed.

As many single family offices remain concerned about their long-term sustainability, money is pouring into multi-family offices, according to the Family Wealth Alliance.

WASHINGTON—The Treasury Department released interim guidance yesterday instructing municipal issuers how to issue four tax-credit bonds as direct-subsidy bonds, as was authorized by a jobs law enacted in March.

The Treasury Department released interim guidance yesterday instructing municipal issuers how to issue four tax-credit bonds as direct-subsidy bonds, as was authorized by a jobs law enacted in March.

WASHINGTON — Republicans, as promised, banded together to block Senate debate on financial regulatory reform legislation Monday, picking up opposition from one Democrat, Sen. Ben Nelson of Nebraska.