Legal

• Verizon retirees class-action can move forward, judge rules

  By Paula Aven Gladych  |  April 9, 2013

  Verizon Communications Inc. management retirees can move ahead with a class-action lawsuit stemming from the company’s decision to sell its pension liabilities to Prudential Insurance Co. of America.

• Obama to propose $35 billion in federal retirement plan cuts

  By Paula Aven Gladych  |  April 8, 2013

  President Barack Obama is expected to release his 2014 budget proposal on Wednesday, including $35 billion in cuts to federal retirement programs.

• Obama’s $3 million savings cap would punish savers, pension group says

  By Paula Aven Gladych  |  April 5, 2013

  A proposed savings cap of $3 million that is included in President Barack Obama’s budget proposal would unfairly punish savers.

• MetLife selling Tower Square, Walnut Street

  April 5, 2013

  MetLife is selling independent broker-dealer affiliates Tower Square Securities and Walnut Street Securities to Cetera Advisor Networks, so that its U.S. retail arm can concentrate more on its core distribution relationships.

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  Plan for $1.5 billion in pension bonds stalls in Kansas

  By John Hanna  |  April 4, 2013

  Legislation authorizing $1.5 billion in bonds to bolster the Kansas pension system for teachers and government workers has stalled in the state Senate, and one advocate said Wednesday that the bill is “dead in the water.”

• Should retirement plans include Social Security benefits?

  By Paula Aven Gladych  |  April 3, 2013

  Social Security benefits are one of the great unknowns when it comes to retirement planning.

• Transamerica paper details plan sponsor investment responsibilities

  By Paula Aven Gladych  |  March 26, 2013

  Transamerica Retirement Solutions released a white paper looking at plan sponsors’ critical responsibilities in the areas of investment choice selection and monitoring and examines the resources available to help them manage these duties.

• Most advisors don’t use investment policy statements

  By Paula Aven Gladych  |  March 22, 2013

  Only 39 percent of financial advisors create a written investment policy statement for their clients, which is a missed opportunity, according to Russell Investments’ latest quarterly survey of U.S. advisors, the Financial Professional Outlook.

• SEAL Act would shield retirement savings

  By Paula Aven Gladych  |  March 20, 2013

  ASPPA supports the introduction of the SEAL Act in the U.S. Senate.

• Pension forum previews possible Rhode Island governor race

  By David Klepper  |  March 19, 2013

  An investment forum on the financial problems facing America's cities delivered a glimpse Monday of what Rhode Islanders could expect from a potential match-up between Gov. Lincoln Chafee and Treasurer Gina Raimondo in next year's gubernatorial race.