Courtney Degen

More than 20 Democratic attorneys general urged the Labor Department to withdraw its 401(k) alternatives proposal, warning it could weaken protections for Americans' retirement savings.

A panel of judges lifted the bar on a Texas law restricting state investments in companies deemed to "boycott" energy companies.

Democratic lawmakers, former Labor Department officials and advocacy groups are urging the DOL to withdraw its proposal on alternative investments in 401(k)s, following more than 20 state attorneys general who made the same call last week.

The recommendation was one of two that members passed at its June 4 meeting, with the other one suggesting actions related to proxy fund voting, including that the SEC allow opt-in retail voting programs similar to that of Exxon Mobil.

The SEC's Corporation Finance Division director defended the agency's recent proposals easing the rules for public companies.

The Labor Department’s proposal includes a focus on how to evaluate fees, which could give plan sponsors more certainty in selecting alternatives.

The SEC voted to propose eliminating the “trade-through rule,” which requires trades to be executed at the best available price across exchanges.

Principal Asset Management CEO Kamal Bhatia is laser-focused on building a culture of global citizens and critical thinkers in a world where AI seemingly gives all the answers.

The Pension Benefit Guaranty Corp. reiterated its stance that it doesn’t cover pension benefits once transferred to an insurer if that insurer fails.

Virginia Retirement System, Richmond, disclosed a total of $1.59 billion in new commitments, according to an update of investments and terminations.