Wealth Management
Top stories summarized by our editors
2/22/2018

Identity thieves are trying to make unauthorized withdrawals from annuities, according of officials at the Colorado Division of Insurance. "Consumers should pay attention to all correspondence about their annuities, and be sure that account balances and personal information are correct," said Michael Conway, Colorado's interim insurance commissioner.

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Michael Conway
2/22/2018

While most people know delaying retirement can improve their chances of financial security, for many it is not a possibility. Emily Brandon discusses some of the reasons why and what you can do to mitigate the damage if you need to retire earlier than you'd like.

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Emily Brandon
2/22/2018

Leveraged funds' net bearish positions on 10-year Treasury note futures increased to 310,669 contracts in the week that ended Feb. 13, while asset managers' net bullish positions increased to 441,822 contracts, data from the Commodity Futures Trading Commission show. The difference in the amount of bearish and bullish positions has grown since September.

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MarketWatch
2/22/2018

New institutional investments in private credit strategies totaled $28.7 billion at the end of 2017, representing a 57% jump over 2016's total, according to a Pensions & Investments analysis of asset owners' hiring growth. Some market participants say the strategies are poised to grow further.

2/22/2018

Hedge funds are now offering separate accounts for small and midsize clients, an arrangement traditionally reserved for the largest institutional investors, advisors and consultants say. "In the last three years, you haven't seen a ton of flows into hedge funds," which therefore "have to be flexible with things like managed accounts" to raise capital, says Eric Costa of Cambridge Associates.

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Cambridge Associates
2/22/2018

The Monetary Authority of Singapore has proposed that over-the-counter derivatives be traded on organized markets, such as exchanges and other centralized trading facilities. The proposal, which the regulator says would improve transparency and access to liquidity, is in line with regimes in the US and the EU.

2/22/2018

David Burt, Bermuda's premier and minister of finance, says resistance is likely to emerge to his proposal for letting foreign investors own as much as 60% of a business, instead of the current 40% maximum. Such a change would give Bermudian businesses more access to capital, Burt says.

2/22/2018

The Insured Retirement Institute has endorsed a bill by Rep. Richard Neal, D-Mass., that would require all employers with more than 10 people on their payrolls to sponsor 401(k) plans for their workers. There is some interest in the bill among Republican House members, said Lee Covington, IRI's senior vice president and general counsel.

2/22/2018

Plan sponsors are increasingly deciding to offer in-plan annuities to participants, but the progress is slow. A recent report from the consulting firm Callan found 8.9% of plan sponsors polled offered an in-plan annuity in 2017, up from 4.6% in 2015.

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Callan
2/22/2018

The Securities and Exchange Commission has given formal approval to two rules proposed by the Financial Industry Regulatory Authority aimed at increasing protection for seniors against financial abuse. The first rule allows advisors to freeze payments from an older person's account if they suspect wrongdoing, while the second requires them to seek a trusted contact person for a senior account holder who can be consulted if necessary.