Supreme Court Strikes Pension Over High-Cost Mutual Funds
Employers who offer retirement plans need to pay closer focus on the fee structure of financial investments under a U.S. Supreme Court decision rejecting the idea that a six-year statute of constraints under the Employment Retirement Income Security Act dates …
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SEC Said to Recommend That Shared Funds Divulge Threat of Rate Increase
The U.S. Securities and Exchange Commission is set to recommend a requirement that mutual-fund companies report how vulnerable their bond portfolios are to interest-rate changes, 2 people acquainted with the matter stated. The proposal, which the five …
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The Tax Hazard to Your Mutual Fund
An open letter to all mutual-fund investors: You may go through a new “tax,” and it has nothing to do with the presidential election cycle. Rather, the levy would be chosen by a consortium of financial regulatory authorities who can designate your shared fund …
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