Should pension fiduciaries be comforted that Congress has approved pension legislation that expressly permits providing independent advice to defined contribution plan participants?
FORBES: More Worries for Defined Contribution Plan Fiduciaries (August 31, 2006)
One exception: Fidelity Investments led a coalition, including Charles Schwab (nyse: SCH - news - people ), that pushed for states to conform with the 2001 pension legislation, and all states came on board.
Over the next three months the group met periodically, culminating in the pension-reform legislation that Ms. Raimondo and Gov. Lincoln Chafee introduced in October.
WSJ: The Weekend Interview with Gina Raimondo: The Democrat Who Took on the Unions
Before the summer he said he would reshuffle his government by late October, after parliament had passed pension reform (the legislation is currently before the upper house).
Gathering social scientists and policy-makers from Lithuania, Estonia, Italy and Japan, this one-day conference will explore social reform in Europe and several countries, the trends and perspectives of the pension systems, labour legislation and gender equality.
UNESCO: All Events | United Nations Educational, Scientific and Cultural Organization
While credit ratings have become an integral part of the financial system, making their way to valuation formulas and even legislation regulating pension fund investments, agencies have been off the hook for massive blunders, including their substantial responsibility in the 2007-2008 global financial crisis.
FORBES: Dodd-Frank Failing On Volcker Rule, Derivatives, Credit Rating Agencies
This week, after catching flak from unions, Democrats sought to take back their support for proposed legislation that would curb egregious pension abuses by labor leaders.
It is pursuing legislation to open up the pension sector and increase foreign investment in insurance companies to boost an economy that is expanding at its weakest pace in a decade.
Please ignore the pleas of groups like the AARP, Americans for Financial Reform, the Consumer Federation of America and the behemoth pension fund CalPERS, who all oppose this new legislation.
Moreover, only two months after pushing through its bold tax reforms, the German government is expected to publish, by the end of this month, draft legislation to reform the country's pension system.
But Wall Street could not make a lot of money from that, so it bank-rolled initiatives and legislation to repeal these protections and permit pension funds to be invested in the stuff they make big profits by peddling.
FORBES: Lerach Blames Pension Woes On Pay-To-Play -- Theirs, Not His
Along those lines, the American Legislative Exchange Council, an organization of nearly 2, 000 conservative state legislators, earlier this year adopted model legislation drafted by the American Principles Project that caps pension payouts at the private sector median.
Mr. Cuomo recently proposed legislation that puts restrictions on campaign donations from investment firms seeking pension business.
This growing interest stems, in part, from changes in legislation in countries such as Britain, where new rules require pension funds to disclose how they deal with such issues.
He asked if Labour might copy Dutch legislation preventing governments or private companies from going back on their word over pension promises.
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