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Guidance expected on Roth rules
Federal regulators soon will issue eagerly sought guidance to aid employers that want to amend their 401(k) plans to allow participants to roll over account balances into a Roth 401(k) plan
<b>Special report:</b> Tax planning
If you want to believe that the lame-duck Congress will come to the rescue after Election Day and renew the Bush-era tax cuts, return the estate tax to its more palatable 2009 levels and increase the exemptions from the alternative-minimum tax, go ahead.
Advisers face soaring health coverage costs
Escalating medical costs and increased expenses associated with the health care reform law are driving double-digit increases in health insurance premiums at many financial advisory firms
California’s 2012 pension liabilities five times state’s annual tax haul
Report recommends shifting investment risk onto employees; 'imperative'
Flat COLA could force seniors to plunder portfolios
Lack of cost-of-living adjustment for Social Security hits retirees where it hurts, advisers say
Americans face $6.6T shortfall in retirement savings, says advocate
Americans must confront a multitrillion-dollar shortfall in savings if they plan to maintain their standard of living during retirement, according to a study released last week.
Hedge-fund manager starts family office, shuns banks
Stephen Diggle, co-founder of hedge- fund firm Artradis Fund Management Pte, has set up a company to pool his personal wealth with that of family offices in Asia and invest in assets worldwide.
Wilmington Trust is sold for $350M
Wilmington Trust Corp., the Delaware bank founded by the du Pont family and undermined by souring loans, agreed to sell itself to M&T Bank Corp. for $351 million in stock, or about half its market value last week.
Big jump in workers’ delaying retirement
More than six out of ten polled employees say they're having to put off exiting the labor force
Retirement leaders push for lifetime-income options in 401(k)s
Retirement industry leaders today pressed officials from the Labor and Treasury departments to ensure that any future “safe-harbor” rules for annuities in 401(k) plans also include other lifetime-income options.
Wilmington Trust names new chief risk officer
Wilmington Trust Corp. confirmed today that it has hired Carol Baldwin Moody, the former chief compliance officer at Nationwide Mutual Insurance Co., as its new chief risk officer.
Wilmington Trust nabs new head of credit-risk unit
Robert P. Gehring, a 39-year veteran of the commercial banking industry, has taken over as head of the credit risk unit at Wilmington Trust Corp.
Industry attitudes: Your voices and views
More than 800 financial advisers weighed in on their practices, the economy and regulation in our annual special report.
Not everyone’s consolidating assets
A common belief in the financial services industry is that individuals consolidate a large chunk of their assets among fewer providers as they near retirement
Law creates more options for Roth rollovers
The Small Business Jobs Act of 2010 includes a provision that allows certain 401(k) and 403(b) participants to convert their plan funds to a Roth 401(k) or Roth 403(b) within the plan
UBS nears wealth management turnaround, as outflows taper off
UBS AG, Switzerland's biggest bank, will probably report a fourth straight quarterly profit tomorrow and the lowest wealth management redemptions since 2008.
Beware of wealthy clients’ ‘impossible demands’: Barclays
The world's richest clients often come with “impossible demands,” push margins down and cause internal conflict with investment banking colleagues, said the vice chairman of Barclays Plc's wealth management unit.
Suit seeks $30M in Madoff family money
The court-appointed trustee seeking to recover billions of dollars lost by jailed financier Bernard Madoff sued three entities Thursday to get back more than $30 million that he said the Madoff family had invested, mostly in oil and gas properties and technology companies.
Advisers look to calm freaked-out clients
High anxiety abounds as economy, markets stall; detailing the risks of risk-aversion
DC assets under management bounced back a bit in 2009
Defined-contribution managers bounced back a bit by year-end 2009 from the morose markets of 2008 as assets under management rose 19.7%
