Legal

• IPERS settles Countrywide securities lawsuit

  By Associated Press  |  April 17, 2013

  The retirement fund for Iowa state employees will get a share of a $500 million proposed settlement in a lawsuit against Countrywide Financial Corp. and other companies that bundled securities backed by defective home mortgages.

• ING U.S. IPO could raise up to $1.5 billion

  By Paula Aven Gladych  |  April 17, 2013

  Dutch financial services group ING Groep NV's unit ING U.S. plans to price shares in its IPO at between $21 and $24 each.

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  Supreme Court backs enrollee in 5-4 ERISA attorney's fee case

  By Allison Bell  |  April 16, 2013

  The U.S. Supreme Court on Tuesday decided 5-4 that a federal court can use equitable law principles when a group health plan contract governed by the Employee Retirement Income Security Act (ERISA) is silent about a legal issue.

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  Your “fiduciary IRA” opportunity – an FAQ

  By Rich White  |  April 15, 2013

  The industry is shifting its focus to anticipate and capture new opportunities triggered by the rule.

• Beneficiary designations shouldn't be ignored

  By Paula Aven Gladych  |  April 15, 2013

  Beneficiary payouts from either retirement or life insurance plans can get sticky.

• ING U.S. to change name after proposed IPO

  By Paula Aven Gladych  |  April 12, 2013

  ING U.S. will rebrand itself as Voya Financial after its parent company, Amsterdam-based ING Group, divests ING U.S. in an initial public offering.

• Congressional resolution in support for retirement plan incentives

  By Paula Aven Gladych  |  April 12, 2013

  A concurrent resolution introduced in the U.S. Senate and House this week supports the current tax incentives for retirement savings.

• Wash. pension officials examining late raises

  By Mike Baker  |  April 11, 2013

  Washington retirement officials are examining a batch of pay raises that helped some government workers increase the values of their pensions.

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  Proposed cap on retirement savings draws fire from industry

  By Paula Aven Gladych  |  April 10, 2013

  The Obama Administration's proposed cap on retirement savings, critics say, will hurt younger savers and small-business owners.

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  6 tips for companies wanting to cash out their pension plans

  By Paula Aven Gladych  |  April 9, 2013

  Companies considering a cash-out of their pension plans should not only define the goals and objectives of the program, but also think about any potential pitfalls that could arise and interfere with the success of the program.