A Judy Diamond Associates study based on 500,000 401(k)s reveals industries with the best-performing plans, including ones for accountants, dentists, financial professionals, insurance brokers and lawyers. Blue-collar industries generally lag white-collar ones, but the study shows a few surprises.
Parents who wish to help children with college expenses face a multitude of savings options, including 529 plans, Roth individual retirement accounts and life insurance. Andrea Coombes explores the pros and cons of leading options.
Treasury Secretary Steven Mnuchin said that because the safety of the financial system is critical, he has made cybersecurity his top technology priority. He said he will use his authority as chairman of the Financial Stability Oversight Council to push financial regulators to strengthen cybersecurity.
The amount of Social Security benefit depends on when someone retires. E.B. Capital Markets founder Todd Campbell looks at the difference for each age from 62 to 70, and his data show a higher benefit in later years is somewhat counterbalanced by a loss of years of lower benefit if claiming starts earlier.
Post-Brexit rules in the UK need flexibility "to allow UK-based investment firms to continue to do business with the rest of the EU," AIMA's Jiri Krol said.
A survey by AIMA, KPMG and the Managed Funds Association of more than 100 hedge fund managers has found 94% think technology is likely to affect business in the five years ahead. Meanwhile, 90% of respondents say enhancing controls and compliance is a key reason for technological investment.
Major lenders held on to funds as Chinese regulations on shadow banking took effect last week. The seven-day bond repurchase rate rose to 9.5%, a three-year high.
The European Securities and Markets Authority has introduced two sets of guidelines to clarify rules for access to securities-settlement systems that are run by central securities depositories.
Futures, options and swaps markets have widespread misconduct, which goes largely undetected, says Aitan Goelman, former head of enforcement at the Commodity Futures Trading Commission. The CFTC lacks resources to search effectively for suspicious patterns in trading records, Goelman says.
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