'Mr. Scalia first defended the brokerage and insurance industry’s right to engage in conflicts of interest that harm retirement savers. Now, he seems eager to engage in his own conflicts of interest,” said Micah Hauptman of the Consumer Federation of America. (Photo of Secretary of Labor Eugene Scalia.)
'Leverage among corporations is historically high. We’re monitoring that and taking appropriate steps,' Fed chair Jerome H. Powell told reporters Wednesday after announcing a third quarter-point hike in the fed funds rate.
Great American amends fee-based annuity contracts; Security Benefit issues two new index annuities; New mortality tables for pension plans issued by SOA; Fidelity offers in-plan income planning tools; State regulators pass on ‘best interest’ rule—for now; Athene gets $1.6 billion in capital from Apollo; Brexit stymies pension law progress in UK; Settlement between MIT and its plan participants described
Recent research offers new insights into financial decision-making, the decision to work after retirement, and reveals surprising links between aging and interest rates, the rise of the service economy, and the 'shadow banking' phenomenon.