Specter of Fed Chairman Summers Yields Pessimism, Uncertainty
No one knows what "Larry might do," says PIMCO's Mohamed El-Erian.
In a Watershed Year for Fiduciary Standard, Reviewing the Arguments
At the start of Fiduciary September, a reminder on what’s at stake for advisors and investors. Is it time for a feistier fiduciary standard?
Obama Lobs College Affordability Bomb as Congress Gears Up for Budget Talks
President Obama hit the road last week to promote his new college affordability plan, just weeks before the budget battle begins anew.
Some Charitable Causes More Deserving Than Others, Bioethicist Contends
“To me it seems clear that there are objective reasons for thinking we may be able to do more good in one of these areas than in another,” Peter Singer writes...
ERISA Attorneys Rip Yale Professor’s Fiduciary Threats
Fred Reish and his team at Drinker Biddle say Yale professor Ayers’ fiduciary study has a number of “material limitations.”
Warren Buffett’s Son, Peter, Fires Shot at ‘Charitable-Industrial Complex’
When your name is Buffett and you run a large charitable foundation, you get noticed. Even if your first name isn’t Warren.
What Should 401(k)s Cost? What Do They Cost?
As DOL prepares its fiduciary reproposal, a Yale professor’s letter has shifted the conversation to “Why are 401(k) plans overcharging participants?” It’s the kind of publicity politicians can’t ignore.
Yale Professor’s Fiduciary Threat Has Retirement Execs Fuming
While a Yale law school professor’s study to be released next spring is said to be flawed, it is sure to spark inquiries from Congress and clients, say Fred Reish and others.
Down and Out in Memphis; Movin’ On Up in Salt Lake City
Location, location, location, goes the old adage—usually in the context of pricey real estate. But a new Harvard-Berkeley study suggests that location may be even more important to poor Americans seeking upward mobility.
Expat Americans, Foreign Banks Heave Under IRS Pressure
FATCA, newly delayed until July 2014, will require foreign financial institutions to report on U.S. citizens’ holdings or pay a steep withholding tax.