Most couples' tax-advantaged savings accounts, such as 401(k)s and individual retirement accounts, are held in the name of one person, usually the husband, according to a RAND report. Couples should be encouraged to plan together so each partner is aware of assets and contributions, the report and advisors say.
The Commodity Futures Trading Commission's delay of enforcement of a variation-margin requirement on uncleared over-the-counter derivatives to Sept. 1 still leaves most market participants subject to US and European banking regulations. Compliance will move "full steam ahead" unless other regulators follow the CFTC's lead, Ropes & Gray lawyer Molly Moore says.
Asian hedge funds performed better than regional equities last year, a Hedge Fund Research report says, and Chinese and Japanese funds have carried that strength into 2017. Investment in Asian hedge funds decreased $8.6 billion last year, but $7 billion of that came amid first-quarter turbulence, HFR says.
A coalition of students at Wright State University and other groups want colleges and universities to curtail hedge fund investment. Hedge fund investing has been important for diversification, but "zero-ish" returns are prompting concerns, says Karl Scheer, chief investment officer at the University of Cincinnati.
The UK Financial Conduct Authority and France's Autorite des Marches Financiers have offered widely different interpretations of guidelines on corporate access under the revised Markets in Financial Instruments Directive, which has a July 3 deadline for adoption. A lack of alignment across Europe could "fatally undermine" MiFID II, Michael Hufton writes.
The US Court of Appeals for the District of Columbia Circuit is scheduled in May to reconsider a case concerning the Securities and Exchange Commission's in-house judges. The challenge contends the judges are appointed unconstitutionally.
Qualified longevity annuity contracts and other deferred-income annuities should get more consideration as tools to address the possibility of living decades longer than expected, writes Derek Tharp of Conscious Capital.
Making secure income available through retirement plans is "extremely valuable" to plan participants, says J. Mark Iwry, a former Treasury Department official. He says 401(k) plans should "incorporate lifetime income by, for example, buying an annuity from an insurance company or otherwise providing long-term income that roughly approximates an annuity," he says.
A single premium deferred indexed annuity can be an excellent retirement-income source, but advisors must help clients navigate the range of choices in order to select the optimal product, write Robert Bloink and William Byrnes. "[W]hether withdrawal options or the type of index itself are most important, it is likely that a product designed to suit the client can be found," they add.
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