Practice

Timing of Senate Action Is Unclear

President Obama's successful fight to pass health-care reform has given a bill to revamp the financial system a dramatic boost, lawmakers from both parties said Wednesday.

Pending hedge fund regulations in the European Union are “protectionist [and] discriminate against U.S. firms and activities,” Sen. Charles Schumer (D-N.Y.) said in a letter to Treasury Secretary Timothy Geithner.

With nearly half of America’s workforce, 78 million people, without a retirement plan, Prudential is advocating that Congress pass a law to include automatic IRAs and multiple small employer plans in the Pension Protection Act of 2006.

A new report suggests that America will face a significant labor gap by 2018, opening many job doors for Boomers.

A new study indicates that high-net-worth individuals are relying on their own investment expertise rather than financial advisors.

Aging and retirement questions are especially critical to lesbian, gay, bisexual or transgendered individuals and couples that are often single, childless and even when they do form families, have no nationally guaranteed legal provisions to help them work through these critical issues.

Charles Schwab filed arguments in federal court in San Francisco on March 19 to try to preclude the Securities and Exchange Commission from suing it over its YieldPlus fund, which had nearly 50% of its assets in mortgage-backed securities.

Hard as it is to defend the Byzantine nature of U.S. bank supervision, it's at least as hard to find a model guaranteed to provide a better defense against financial crises.

A few employers are beginning to offer eldercare as a benefit, realizing that many Baby Boomers have parents in need of a much-needed lifeline. In fact, 19% of Americans over the age of 18 are caring for someone 50 or older, according to the National Alliance for Caregiving.