Bono to keynote Schwab IMPACT

Rock star and activist Bono will be the keynote speaker at Schwab Institutional’s annual IMPACT conference Oct. 28-31…

Rock star and activist Bono will be the keynote speaker at Schwab Institutional’s annual IMPACT conference Oct. 28-31 in Las Vegas.
The lead singer of U2 will stress humanitarian causes and is donating his speaking fees from the San Francisco-based asset custodian to Debt AIDS Trade Africa, his philanthropic foundation, which has offices in London and Washington.
The conference will also feature as speakers Steve Wynn, chief executive of Wynn Resorts Ltd. of Las Vegas; Fareed Zakaria, editor of Newsweek International; and Lee Eisenberg, author of “The Number” (Free Press, 2006).

Group aims to boost Retirement savings
A group of business, financial-institution, union and academic leaders Friday unveiled a set of proposals aimed at increasing retirement coverage and savings for people who don’t have adequate coverage.
The Conversation on Coverage group, sponsored by the Pension Rights Center in Washington, released its “Covering the Uncovered” report, which focuses on three areas: guaranteed pensions, retirement savings and expanding small-business pension coverage.
The report calls for at least 5% of all workers’ salaries to be transferred automatically to “retirement investment accounts,” which would be administered by a government-authorized central clearinghouse. Self-employed people could make their own contributions.
About half of all workers lack retirement coverage, the report said.
Under a proposal aimed at increasing defined benefit plans, employees’ individual accounts would be funded by employers and guaranteed by the Pension Benefit Guarantee Corp. in Washington.
The Pension Rights Center, which has worked on the plan for four years, plans to lobby for legislative changes to implement the recommendations and work to get businesses to adopt them.